Category: #Finance
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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…
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CBN WARNS AGAINST NAIRA MUTILATION, SHOWS OFF REFORM WINS
Keep the Naira clean, protect Nigeria’s economy! The Central Bank of Nigeria (CBN) has urged Nigerians to stop spraying, mutilating, counterfeiting, or hawking Naira notes, calling it a national duty to respect the currency. The warning came at the CBN Special Day during the 47th Kaduna International Trade Fair. Deputy Director Sidi Hakama highlighted the…
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REVIEW MINIMUM WAGE TO MATCH REALITY, DON TELLS FG
“Let my wage take me home” — expert says current pay no longer reflects cost of living. An Industrial Relations expert at the University of Ilorin, Prof. Ismaila Kadiri, has urged the Federal Government to review the minimum wage upward to reflect today’s rising cost of living. Delivering the university’s 296th Inaugural Lecture titled “Let…
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LAGOS ASSEMBLY LAUNCHES FULL AUDIT OF 57 LGs, LCDAs
All eyes on grassroots spending as lawmakers move to tighten accountability. The Lagos State House of Assembly has kicked off a comprehensive audit of accounts for all 20 LGAs and 37 LCDAs, signalling a tougher stance on transparency and prudent use of public funds at the local level. Opening the exercise in Ikeja, Prince Nureni…
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NIGERIA’S STOCK MARKET HITS HISTORIC N1.37TRN SINGLE-DAY GAIN
Investors smile as blue-chip stocks and strong earnings reports push the market to record-breaking highs. The Nigerian equities market on Wednesday surged, adding N1.37 trillion to investors’ wealth in a single day — a historic one-day gain. The All-Share Index jumped 2,128.61 points (1.28%), closing at 168,030.18, while market capitalisation rose from N106.494 trillion to…
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TIN CAN CUSTOMS HITS N1.61TRN, SMASHES 2025 REVENUE TARGET
Maritime reforms and teamwork drive historic revenue surge. The Tin Can Island Port Command of the Nigeria Customs Service recorded a record-breaking N1.609 trillion in 2025, exceeding its target by over N85 billion, the highest surplus in its history. Customs Area Controller, Comptroller Frank Onyeka, credited the achievement to teamwork, transparency, and operational reforms, including…
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MURTALA MUHAMMED CUSTOMS POSTS N202.9BN REVENUE IN 2025
Revenue jumps 13% as improved compliance and monitoring boost performance. The Murtala Muhammed Area Command of the Nigeria Customs Service (NCS) recorded N202.9 billion in revenue for 2025, up from N181.01 billion in 2024, hitting 113% of its annual target, the Customs Area Controller, Comptroller Godwin Otunla, announced. Otunla credited the surge to better trader…
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NGX OPENS WEEK IN GREEN AS INVESTORS POCKET ₦9BN
A modest lift in the index, but stock pickers found plenty of winners despite broad sell-offs. Nigeria’s equities market kicked off the week on a positive note, with investors gaining about ₦9 billion as trading closed slightly higher on Monday. Market capitalisation edged up 0.01% to ₦106.162 trillion, while the All-Share Index inched up 14.24…
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FG LAUNCHES FREE FINANCIAL SKILLS TRAINING FOR 10 MILLION NIGERIANS
Big push for women and youth as government targets inclusion, digital skills and wealth creation The Federal Government has kicked off a free nationwide training for 10 million Nigerians to boost financial inclusion and literacy, with a strong focus on women and young people. The programme, driven by the Office of the Vice President through…
