New CBN Directive Set to Change How Nigerians Receive Money from Abroad Starting May 1
The Central Bank of Nigeria has directed that, from may 1st, 2026, all diaspora remittances must be paid in naira, banning foreign currency payouts and mandating international money transfer operators to route transactions through designated naira settlement accounts in authorised dealer banks. The apex bank said the directive, contained in a circular signed by the […]
BREAKING: Makinde Approves ₦10,000 Monthly Transport Support for Oyo Workers
Oyo State Governor, Engr. Seyi Makinde, has approved a ₦10,000 monthly transportation support allowance for civil servants across the state, as part of measures to cushion the effects of rising economic hardship. The governor made the announcement on Monday during the supervision of the YEAP-SAFER support disbursement and stakeholder engagement programme held at the Fashola […]
At last, FG Speaks On Increase In Price Of Petrol
At last, FG Speaks On Increase In Price Of Petrol The Federal Government has said it will not intervene to regulate petrol prices despite the volatility in global oil markets caused by escalating geopolitical tensions in the Middle East. The Minister of Finance, Wale Edun, disclosed this in an interview on Channels Television on Wednesday, […]
Hardship on Students: NAPS Senate President Urges FG to Strengthen Local Refining Capacity
PRESS STATEMENT From the Office of the President of the Senate, National Association of Polytechnic Students (NAPS) The Office of the President of the Senate of the National Association of Polytechnic Students (NAPS) wishes to draw the urgent attention of the Federal Government of Nigeria and all relevant stakeholders to the worsening hardship […]
Dangote: Tinubu presidency keeps mum as fuel price hits N1,400 per liter
Nigerians are in serious trouble as the premium motor spirit price rose to N1,400 per liter and Automotive Gas Oil (diesel) to N1,750 after Dangote Refinery hiked its gantry fuel price to N1,175 per liter for petrol and N1,620 per liter on Monday. DAILY POST reports that while the fuel price keeps rising, President Bola […]
SEREC warns U.S.-Iran conflict could push inflation in Nigeria up by 5%
The Sea and Empowerment Research Centre (SEREC) says inflation could rise by three to five per cent in Nigeria amid ongoing conflict between the United States and Iran. SEREC`s head of research, Eugene Nweke made this known in a statement on Monday in Abuja. Mr Nweke said the situation presents significant geopolitical and economic risks […]
Dangote Refinery Raises Petrol Ex-Depot Price to ₦875 Per Litre Amid Crude Oil Surge
The Dangote Petroleum Refinery has increased its Premium Motor Spirit (PMS) gantry price by ₦101, raising the ex-depot rate from ₦774 to ₦875 per litre, sparking fresh concerns over a potential nationwide hike in pump prices. A senior official of the refinery confirmed the development on Monday, attributing the adjustment to recent volatility in […]
APPLY NOW! Federal Government Launched ICSS Grow Fund for youths
The Federal Government has launched the Grow Fund to provide affordable financing to over six thousand young entrepreneurs trained under the Inspire Create Start and Scale programme. This is a strategic move to close the persistent funding gap facing micro, small and medium enterprises in Nigeria. The initiative is being implemented by Small and Medium […]
“I Wish I Were Governor Under Tinubu” — Akpabio Sparks Debate Over Federal Allocations
Senate President Godswill Akpabio has addressed the increase in allocations being received by state governors under the administration of Bola Ahmed Tinubu. According to Akpabio, current governors now get roughly four times the funds that were available during his tenure as governor. FAAC Allocation: Tinubu Urges Governors To Deliver Results Speaking during plenary on Thursday, the […]
NRS unveils 2026 revenue roadmap, targets N40.7tn
The Executive Chairman of the National Revenue Service, Zacch Adedeji, has said the agency is targeting N40.7tn in revenue for 2026 from taxes, petroleum earnings, mineral royalties and other sources, citing the impact of the Federal Government’s ongoing tax reforms. Adedeji disclosed this on Wednesday when members of the President’s economic team, including the […]