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The International Monetary Find has warned that the global economy is at risk of recession if the US-Israel war with Iran continues and high energy prices persist. In its World Economic Outlook report, the IMF said in a worst case scenario - where oil, gas and food prices spike and remain high this year and next - global growth could fall below 2% in 2026. "This would mean […]
The President of FCT Baptist Conference, Rev. Dogara Gwana says the forthcoming 113th Annual Session of the Nigerian Baptist Convention, NBC, starting this weekend at Baptist International Convention Centre, BICC, Kubwa Abuja will boost economic activities in the nation's capital. Rev Dogara Gwana stated this while featuring on a TV station ahead of the Convention in Abuja. He said about thirty thousand Messengers from all across Nigeria and other countries […]
The Nigeria Revenue Service (NRS) will assume responsibility for collecting mineral royalties from mining companies nationwide beginning January 1, 2026. This is contained in a statement signed by the Special Adviser to the NRS Chairman, Dare Adekanmbi, in Abuja. The statement says this follows ongoing reforms under the Nigeria Tax Laws 2025, which empowers the NRS to oversee all federally collectable revenues. According to the statement, the decision was […]
The Nigerian Ports Authority, NPA, has set a revenue target of 1.489 trillion naira for 2026, slightly higher than the 1.468 trillion naira target for 2025. NPA Managing Director, Abubakar Dantsoho disclosed the figure while presenting the agency’s proposed 2026 budget and its 2025 performance to the House of Representatives Committee on Ports and Harbours. Dantsoho said the 2026 projection exceeds the previous year’s target by about 21 billion naira, […]
President Bola Ahmed Tinubu has formally approached the Senate, requesting approval to secure fresh external loans totaling $6 billion to support government financing needs and infrastructure development. In a letter addressed to the President of the Senate, Godswill Akpabio, and read during Tuesday’s plenary session, the president sought approval to borrow $5 billion from Abu Dhabi Bank. The funds, according to the request, are intended to cover budget shortfalls and […]
The Federal Capital Territory Administration (FCTA) has expressed readiness to partner with the Government of Finland on critical sectors including waste and water management technologies. The Minister of the FCT, Mr Nyesom Wike made this known while receiving the Finnish Ambassador to Nigeria, Sanna Selin. Wike also expressed readiness to engage firms with capacity on urban renewal, infrastructure, and agriculture, as part of efforts to sustain the rapid development of […]
Stakeholders in Nigeria’s industrial sector have called for the urgent scaling up of the Global Environment Facility GEF and the United Nations Industrial Development Organization UNIDO Project to build Industrial capacity for Energy Efficiency, Resource Conservation and Environmental Sustainability. They made the call in Abuja during an interactive session on the GEF - UNIDO Efficiency Project in partnership with the Manufacturers Association of Nigeria. The program which brought together government […]
The Nigerian Ports Authority (NPA) has projected an Internally Generated Revenue (IGR) of N1.489 trillion for the 2026 fiscal year, representing an increase of N21 billion above the N1.468 trillion target it exceeded in 2025. The authority also disclosed plans to commence groundbreaking projects aimed at modernizing Apapa and Tin Can Island ports to enhance global competitiveness. The Managing Director of NPA, Dr. Abubakar Dantsoho, made this known on Monday […]
The Federal Government has charged newly promoted directors in the civil service to embrace professionalism, accountability, and result-driven leadership as they take on higher responsibilities. The Head of Civil Service of the Federation Mrs Didi Walson-Jack who gave the charge in Abuja at an induction programme described the training as a key component of the government’s “One Knowledge System,” designed to strengthen leadership capacity and institutionalize continuous development in the […]
