Category: #Finance
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OSUN ASSEMBLY OKS MASSIVE N723BN BUDGET FOR 2026 – INFRA BOOM AHEAD
Osun State just leveled up! The State Assembly greenlit a whopping N723 billion budget for 2026 on Wednesday, pumping 55% (N388bn) into capital projects like roads, schools, and health while N317bn covers recurrent costs – personnel (N135bn) and overheads (N182bn). Speaker Adewale Egbedun announced clean copies heading straight to Governor Ademola Adeleke for his signature,…
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REPS LAUNCH URGENT PROBE INTO TAX REFORM GAZETTE SCANDAL – PROMISE SWIFT FIX
Nigeria’s lawmakers aren’t messing around! The House of Representatives Ad hoc Committee on alleged discrepancies in the Tax Reform Acts just vowed a lightning-fast, no-stone-unturned investigation after spotting fishy differences between what the National Assembly passed and the official gazetted versions – a potential bombshell that could shake public trust in the entire lawmaking process.…
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FG & WORLD BANK LAUNCH $500M HOPE-GOV TO SUPERCHARGE EDUCATION & HEALTH
Struggling schools and clinics getting a massive cash injection? Federal Government teams up with World Bank on the $500m Human Capital Opportunities for Prosperity and Equity–Governance (HOPE-GOV) Programme—rolling out now to fix Nigeria’s education and primary healthcare gaps! National Coordinator Dr. Assad Hassan briefed Permanent Secretary Dr. Deborah Odoh Tuesday in Abuja: $480m rewards states…
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INVESTORS RAKE IN N578BN AS SANTA CLAUS RALLY ROCKS NGX
Jingle all the way to the bank! Nigerian stocks exploded Tuesday with a festive N578 billion gain, the 9th straight bullish day—fueled by the global Santa Claus rally lighting up the Nigerian Exchange (NGX). Market cap surged 0.59% from N97.193trn to N97.771trn, All-Share Index leaped 895 points to 153,354.14, boosting YTD returns to a stellar…
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PENCOP DG URGES CSOs TO LEAD PENSION AWARENESS CHARGE
Imagine retiring with real dignity, not scrambling for scraps—PenCom’s boss just called on Civil Society Organisations (CSOs) to make that vision real for every Nigerian, from market traders to gig hustlers! At the 2025 PenCom CSO conference in Abuja today, Director-General Ms. Omolola Oloworaran (via her rep, Mr. Usman Musa) hailed CSOs as community trust-builders…
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IMO GOV UZODIMMA DROPS N1.43TRN ‘ECONOMIC BREAKTHROUGH’ BUDGET BOMBSHELL
Imo State Gov Hope Uzodimma unleashed a monster N1.43 trillion 2026 Appropriation Bill Monday to the House of Assembly—a whopping 78% surge from 2025’s N807bn—stacking 83.4% capital firepower (over N1trn) on power revolutions, world-class infra and job-sparking projects to ditch generator hell, while N238.5bn recurrent locks in salaries, overheads and subventions amid fatter federal cash…
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NAIRA CLIMBS N7.93 TO N1,456 VS DOLLAR IN MONDAY MARKET COMEBACK
The naira kicked off the week with a sharp rebound Monday at the official CBN window, firming up 0.5% to N1,456.56 per USD after shedding to N1,464.49 last Friday—erasing some prior week’s demand-driven wobbles as fresh inflows and tighter policy hints stabilize the FX rollercoaster under Tinubu’s reform push. This welcome bounce signals importer pressures…
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BENUE GOV ALIA UNVEILS N605.5BN 2026 BUDGET TO REVIVE RURAL HEARTLANDS
Gov Hyacinth Alia rolled out a hefty N605.5 billion “Rural Development, Livelihood Support and Sustained Growth” blueprint Monday to Benue Assembly—a 10% jump from 2025—laser-focusing on flipping underfunded farm belts into economic powerhouses with N342.42bn capital (56.6%) fueling roads, agro-boosts and jobs, while N281.09bn recurrent (46.4%) locks in minimum wage, salaries and welfare amid herder-farmer…
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NGX EQUITIES INVESTORS BAG N1.67TRN WEEKLY WIN
Stock market bulls charged ahead Friday, lifting the NGX All-Share Index 1.76% to 152,057.38 points and market cap to N96.937 trillion—a juicy N1.673trn investor gain from last week’s 149,433.26 and N95.264trn—fueled by broad rallies despite dips in AFR Bank Value (-1.38%) and Oil & Gas (-0.17%) indices. Trading volume dipped to 4.373bn shares worth N97.783bn…
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NAIRA DIPS TO N1,464 VS DOLLAR AMID WEEKLY DEMAND SURGE
The naira closed Friday weaker at N1,464.49 per USD on the official CBN market—a 0.4% slide from Thursday’s N1,457.84—erasing Monday’s N2.59 gain as importer dollar hunts overwhelmed supply, pushing steady depreciation through Tuesday (N1,455.08) and Wednesday (N1,455.49). This volatility echoes Nigeria’s FX tightrope under Tinubu’s reforms, where early-week highs crumble against persistent pressures from oil…
