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World Bank approves $500m MSME finance package for Nigeria
The World Bank has approved a $500 million financing package to expand access to finance for micro, small, and medium enterprises in Nigeria under the Fostering Inclusive Finance for MSMEs in Nigeria project. In a press release issued by the World Bank in Nigeria on Saturday, the global lender announced that the approval encompasses a […]
Federal Executive Council Okays 2026 budget
The Federal Executive Council (FEC) has approved the 2026 Budget, paving the way for its presentation to a joint session of the National Assembly this afternoon by President and Commander-in-Chief of the Armed Forces, Bola Ahmed Tinubu. The President’s Special Assistant on Social Media, Dada Olusegun, disclosed this in a brief statement on his X […]
Zamfara Gov. Lawal Signs ₦871.3bn 2026 Budget into Law
Zamfara State Governor, Dauda Lawal, has signed into law the ₦871.3 billion 2026 Appropriation Bill following its approval by the State House of Assembly. The governor signed the bill shortly after it was passed by the lawmakers. Lawal had earlier presented a proposed ₦861.3 billion budget to the assembly on December 4. The House Committee […]
NMDPRA MD Farouk Ahmed Resigns Amid Corruption Allegations from Aliko Dangote
Farouk Ahmed has resigned as Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, following corruption allegations raised by Aliko Dangote, Chairman of the Dangote Group. Presidential spokesperson Bayo Onanuga confirmed Ahmed’s resignation in a statement revealing that Gbenga Komolafe had stepped down as Chief Executive Officer of the Nigerian Upstream […]
Reps Raise Alarm Over Alleged Alteration of Passed Tax Bills
A member of the House of Representatives, Abdussamad Dasuki, has alleged that the gazetted version of newly passed tax laws differs from the harmonised bills approved by both chambers of the National Assembly. Raising the matter under privilege during plenary, Dasuki said his review of the gazetted copy, alongside the votes and proceedings of the […]
FG, States, LGs Receive N1.92trn from FAAC for November as VAT Falls
The Federation Account Allocation Committee (FAAC) has rolled out a total of N1.92 trillion as revenue for November to the federal government, states, and local government councils. According to newsmen, the allocation was approved at FAAC’s December 2025 meeting held in Abuja, and spearheaded by the Minister of State for Finance, Doris Uzoka-Anite. In a […]
Dangote, Fuel Importers Clash in Petrol Price War
The Dangote Refinery’s decision to reduce the gantry price of Premium Motor Spirit, also known as Petrol, has triggered significant losses for fuel importers, depot owners, and retail marketers. According to journalists, petrol importers are on the verge of losing as much as N102.48bn monthly after the Dangote refinery reduced its gantry price from N828 […]
Dangote Refinery Set To Begin Selling Petrol at N739 Per Litre
The Dangote Petroleum refinery and its partners are set to begin selling petrol at N739 per litre, coming two days after the refinery slashed its petrol gantry price from N828 to N699 per litre. The President of the Dangote Group, Alhaji Aliko Dangote, in a chat with journalists at the Lekki refinery, said he was […]
Dangote Refinery Cuts Petrol Ex-Depot Price to N699
The Dangote Petroleum Refinery has again slashed its petrol gantry price, reducing the ex-depot rate from N828 to N699 per litre, a 15.6% drop. Real-time data from Petroleumprice.ng confirmed the new benchmark, which was also verified by a refinery official who said the facility is committed to maintaining competitive local pricing. The latest cut marks […]
NNPC Confirms Explosion on Escravos-Lagos Gas Pipeline
The Nigerian National Petroleum Company Limited (NNPC) has confirmed an explosion on the Escravos-Lagos Pipeline near the Tebijor, Okpele, and Ikpopo communities in Gbaramatu Kingdom, Delta State, raising renewed safety concerns. According to the company’s Chief Corporate Communications Officer, Andy Odeh, a sudden pressure drop on the line indicated a loss of containment on a […]