Category: #Finance
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JAMB TARGETS N23.8 TRILLION REVENUE, EXPANDS CBT CENTRES NATIONWIDE
As UTME preparations intensify, JAMB sets ambitious revenue goals while expanding exam centres and responding to concerns over student affordability. The Joint Admissions and Matriculation Board (JAMB) says it is targeting N23.8 billion in Internally Generated Revenue (IGR) for the 2026 fiscal year, reflecting its growing financial strength and operational expansion. A Director in the…
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NIGERIA TARGETS MASSIVE N40.7 TRILLION REVENUE AS TAX REFORMS TAKE HOLD
After surpassing last year’s target, Nigeria’s revenue agency is aiming even higher with sweeping tax reforms designed to boost government earnings. The Executive Chairman of the National Revenue Service (NRS), Zach Adedeji, says the agency is targeting a massive N40.7 trillion in taxes and royalties in 2026, driven by major reforms expanding its revenue collection…
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CBN CUTS MONETARY POLICY RATE TO 26.5% TO BOOST ECONOMY
Nigeria’s central bank trims key interest rate by 50 basis points, signaling a push to support growth while keeping liquidity stable. The Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) from 27% to 26.5%, CBN Governor Yemi Cardoso announced after the 304th Monetary Policy Committee (MPC) meeting in Abuja. The committee…
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DIGITAL PAYMENTS LIGHT UP NIGERIA’S NIGHTLIFE
Moniepoint study reveals cash is fading as bars, clubs embrace digital transactions. A recent study by Nigerian fintech Moniepoint shows digital payments are now driving Nigeria’s nightlife economy, with bank transfers and card payments topping transactions at bars, clubs, and informal community venues. Cash is on the decline, largely due to security concerns. The report,…
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NGX ALERTS INVESTORS ON UNUSUAL SHARE PRICE SWINGS
Sharp, unexplained stock movements spark caution as NGX warns against rumor-driven trades. The Nigerian Exchange (NGX) has flagged unusual volatility in some listed stocks, noting that recent sharp price swings may not reflect company fundamentals. In a Monday alert, the Exchange urged investors to rely only on verified information and thorough analysis of company performance…
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EXPERTS URGE MEDIA, CSOs TO MONITOR NEW TAX LAWS
As Nigeria’s 2025 Tax Act comes fully into effect, experts call on journalists and civil society groups to keep government accountable and ensure fair implementation. Abuja, Feb. 21, 2026 – Economic experts at a two-day workshop organized by Konrad Adenauer Stiftung (KAS) and CISLAC have urged the media and civil society organisations (CSOs) to actively…
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INSIDER TRADING ALERT: SHAREHOLDERS DEMAND TOUGHER SANCTIONS AFTER NGX WARNING
Investor groups are pushing for harsher penalties after the Nigerian Exchange flagged three companies over insider trading violations. Shareholders’ associations are calling for stricter enforcement and tougher penalties following insider trading warnings issued by the Nigerian Exchange Limited (NGX). The exchange recently sanctioned Sterling Financial Holdings Company Plc, Mutual Benefits Insurance Plc and Austin Laz…
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NIGERIAN STOCK MARKET BOUNCES BACK, GAINS N684BN
After a dip, Nigeria’s stock market rallied on Wednesday, lifting investors’ portfolios and signaling renewed confidence. The Nigerian Exchange Limited saw a major rebound as market capitalisation rose by N684 billion, from N121.552 trillion to N122.236 trillion. The All-Share Index jumped 0.56%, closing at 190,427.96 points, pushing the Year-To-Date return to 22.37%. Stocks like Beta…
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OTTI TO CLEAR 23-YEAR SALARY DEBT OWED EX-COUNCILLORS IN ABIA
Relief is coming for hundreds of former Abia councillors as the state government moves to finally settle long-standing salary arrears dating back over two decades. Gov. Alex Otti has announced that Abia will begin paying outstanding salary arrears owed to former Local Government councillors who served between 1999 and 2022, with disbursements set to start…
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SENATE SLAMS AGF OVER NON-RELEASE OF 2025 BUDGET FUNDS
Budget delays threaten service delivery across MDAs, lawmakers warn. The Senate Committee on Finance on Thursday criticized Accountant-General of the Federation (AGF) Shamsedeen Ogunjimi for failing to release 2025 budget allocations to ministries, departments, and agencies (MDAs) during budget defence sessions at the National Assembly in Abuja. Committee Chairman Sen. Sani Musa said the non-release…
