The World Bank disclosed this in its latest Nigeria Development Update, which examined how increased public revenues have influenced spending priorities across the federation.
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this on Thursday, while addressing a press conference in Abuja on the rising cost of petrol and renewed questions over the fuel subsidy regime.
Chief of Army Staff (COAS), Lieutenant General Waidi Shaibu, disclosed this on Thursday when he received the Bangladesh High Commissioner to Nigeria, Miah Md Mainul Kabir, who paid a courtesy visit to Army Headquarters, Abuja.
The World Bank says the naira was among the more resilient African currencies during the second quarter of 2026, weathering a period of heightened exchange-rate pressure triggered by geopolitical tensions, higher energy prices and stronger demand for the US dollar.
US President Donald Trump has claimed that the “whole country” of Iran has been wiped out by the ongoing war, while predicting that the seven-month conflict will end “very quickly” and oil prices will subsequently “come tumbling down”.
A Director in the Federal Ministry of Finance, Dr Ali Mohammed, on Wednesday, told the FCT High Court sitting in Maitama, Abuja, that former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, was not a signatory to the Federal Government’s Consolidated Revenue Account from which ₦124.86 billion was withdrawn.
The Federal Government has moved to strengthen cooperation between Nigeria’s civil and military aviation authorities following the tragic Nigerian Air Force aircraft incident at Igbokoda, Ondo State.
The Economic and Financial Crimes Commission (EFCC) has rejected attempts by former Minister of Petroleum Resources, Diezani Alison-Madueke, to rely on her acquittal by a United Kingdom court to challenge the forfeiture and sale of properties linked to her.
The Independent National Electoral Commission (INEC) has disclosed that 103,428,715 Nigerians are registered to vote in the 2027 general elections, with Lagos State emerging as the country’s largest electoral constituency, ahead of Kano and Kaduna.
President Bola Tinubu has congratulated Indian Prime Minister, Narendra Modi, on the completion of 25 years in public office, describing the milestone as a rare achievement in a democratic system.
