Category: Finance
Nigeria Launches Tax Ombud Digital Platforms to Strengthen Fair Tax Administration
Abuja, Nigeria — May 19, 2026 The Federal Government has launched new digital platforms under the Tax Ombud initiative aimed at strengthening transparency, accountability and fairness in Nigeria’s tax administration system.The initiative, unveiled by the Federal Ministry of Information and National Orientation in collaboration with the Federal Ministry of Finance, is designed to provide taxpayers…
FG Says Extension of 2025 Budget Implementation Timeline Delayed Quarterly Reports
ABUJA, NIGERIA – MAY 18, 2026 The Federal Government has explained that the delay in publishing quarterly budget implementation reports for 2025 was caused by the extension of the budget implementation timeline to June 2026.Director-General of the Budget Office, Tanimu Yakubu, disclosed this while addressing concerns over the non-release of the reports within the expected…
NIGERIA, USA DEEPEN COOPERATION ON SECURITY, COUNTERTERRORISM AS RIBADU MEETS VP VANCE, RUBIO
WASHINGTON D.C., UNITED STATES – MAY 9, 2026 Nigeria and the United States are moving forward in deepening cooperation on security, counterterrorism, regional stability, and strategic partnership following a series of high-level engagements in Washington D.C.A statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, disclosed that Nigeria’s National Security…
FG Deepens Defence Industry Partnerships at SAHA 2026 in Türkiye
Abuja, Nigeria | May 7, 2026 The Federal Government of Nigeria has strengthened efforts to deepen international defence cooperation and expand indigenous military capabilities through strategic engagements at the ongoing SAHA 2026 Defence and Aerospace Exhibition in Türkiye.The high-level engagements, led by officials of the Defence Headquarters and representatives of the Ministry of Defence, focused…
Alleged $1.5M Fraud: Court Dismisses Preminary Objections, Bail Application Of Intermediate Investment Holdings Boss , Ufoma Emmanuel
IKEJA, LAGOS — MAY 7, 2026 Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Thursday dismissed the preliminary objections and bail application filed by the Managing Director of Intermediate Investment Holdings Limited, Ufoma Joseph Immanuel, over an alleged $1.5 million fraud. Immanuel and his company, Intermediate Investment Holdings Limited, are…
Court Convicts Saleh Mamman Over N33.8 Billion Fraud
Abuja, Nigeria,May 6, 2026 Justice James Omotosho of the Federal High Court sitting in Abuja has convicted former Minister of Power, Saleh Mamman, on a 12-count charge bordering on money laundering involving the sum of N33.8 billion. The court, however, deferred sentencing until May 13, 2026, following the absence of the former minister in court…
MREIF: what you need to know about Nigeria’s mortgage refinance initiative
Abuja, Nigeria — May 5, 2026 The Ministry of Finance Incorporated Real Estate Investment Fund (MREIF) is emerging as a key initiative aimed at expanding access to affordable housing finance in Nigeria. The fund, backed by the Federal Ministry of Finance Nigeria, is designed to provide long-term, low-cost funding to mortgage lenders, enabling them to…
KNSG refutes N1.8bn mismanagement allegations against former HoS, orders refund to workers
Kano, Nigeria — May 4, 2026 The Kano State Government has dismissed allegations of N1.8 billion mismanagement against the immediate past Head of Service, Abdullahi Musa, describing the claims as misinformation. The Secretary to the State Government (SSG), Umar Farouk Ibrahim, clarified the issue following a directive by Governor Abba Kabir Yusuf to investigate the…
EFCC arraigns former Skye Bank chairman, Tunde Ayeni for N15.6bn fraud
Abuja, Nigeria — May 4, 2026 The Economic and Financial Crimes Commission (EFCC) on Monday arraigned former Chairman of the defunct Skye Bank Plc, Tunde Ayeni, before Justice Jude Onwuzuruike of the Federal Capital Territory High Court, Apo, Abuja. Ayeni is facing a 17-count charge bordering on criminal breach of trust, misappropriation, and conversion of…
Governor UBA Appreciates President Tinubu On Award Of ₦1.178 Trillion Strategic Contracts In Kaduna State
Kaduna, Nigeria — April 30, 2026 Kaduna State Governor, Uba Sani, has expressed appreciation to President Bola Ahmed Tinubu and the Federal Executive Council for the approval of major infrastructure contracts valued at ₦1.178 trillion, aimed at transforming the state’s economic and social landscape. In a statement personally signed by the governor, he described the…