Category: Finance
APC IJEBU ODE LEADERS & STAKEHOLDERS MEETING
The meeting started with a minute silence in honour of Hon. Fatai Atoyegbe Ward 6 party chairman and Hon Prince Abimbola, former Local government appointee. The meeting was declared open by the Ijebu-Ode APC Party Chairman, Hon Suraju Logere, and the HonourableCommissioner for Finance and Chief Economic Adviser, Hon. Dapo Okubadejo expressed his appreciation to…
Ogun State Launches NFWP-SU to Strengthen Women’s Economic Power
Ogun State begins NFWP-SU to expand women’s economic support, with training, finance access, and World Bank-backed systems for over 105,000 women.
Ogun Finance Commissioner Presents First Executive Memo at Newly Upgraded Exco Chambers
Ogun Finance Commissioner presents first Executive Memo at new Exco Chambers as Council approves key road projects and reviews the 2026 budget.
Ogun State Holds Treasury Board Meeting on 2026–2028 MTEF and 2026 Budget
Ogun holds Treasury Board Meeting as Gov. Abiodun tasks MDAs to generate ₦500bn for 2026 Budget; Finance Commissioner Okubadejo stresses accountability.
Ogun State Launches Nigeria Solar for Health Project to Power Healthcare Facilities
Ogun State launches Solar for Health Project to power healthcare facilities, boosting renewable energy and rural development across the state.
SERAP Demands Tinubu Probe Missing N233bn, Reject $1.08bn World Bank Loan
LAGOS – The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Tinubu to investigate and recover over N233 billion in missing public funds instead of accepting a $1.08 billion (approx. N1.6 trillion) World Bank loan approved last week. In a letter dated April 5, 2025, SERAP urged the president to direct the…
Naira Plummets to N1,600/$ in Official Market as Parallel Market Gap Widens
The Nigerian naira suffered another significant blow on Friday, crashing to N1,600 per US dollar in the official Nigerian Foreign Exchange Market (NFEM) for the first time in three months. Market Breakdown: What This Means:The latest depreciation marks: Market Reactions:Financial analysts attribute the slide to: CBN’s Challenge:The widening gap between official and parallel rates presents…
World Bank Approves $1.08 Billion for Nigeria’s Education, Nutrition, and Economic Resilience
The World Bank has greenlit $1.08 billion in concessional financing to bolster Nigeria’s education, nutrition, and economic recovery efforts, targeting vulnerable populations across the country. Breakdown of Funding Allocations Objectives and Expected Impact Broader Implications The funding aligns with Nigeria’s push to address systemic challenges in human capital development, particularly post-pandemic economic strains. The World…
Tesla Q1 Sales Plummet 13% Amid Musk Political Backlash and Production Woes
Tesla reported disappointing first-quarter vehicle deliveries Wednesday, with sales dropping 13% year-over-year to 336,681 units as CEO Elon Musk’s political entanglements and production challenges weigh heavily on the electric vehicle pioneer. Key Takeaways from Tesla’s Q1 Report The Musk Factor: Political Fallout Musk’s vocal support for President Trump’s administration—including advising on federal job cuts—has sparked…
Trump Slaps 14% Tariff on Nigerian Exports in Sweeping Trade Policy Shift
Washington D.C., USA – In a move that could significantly impact Nigeria’s economy, former U.S. President Donald Trump announced a new 14% tariff on Nigerian exports to the United States during a “Make America Wealthy Again” event at the White House Rose Garden on Wednesday. Key Details of the New Trade Policy Trump’s Justification Trump…