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Finance
May 1, 2026

Reps Order DISCOs to Refund N55.42bn NMMP Funds Within Seven Months

Probe finds gaps in metering scheme implementation as lawmakers mandate repayment and set up recovery mechanism. By Ifeoma Onyekachi   The House of Representatives has directed 11 electricity distribution companies (DISCOs) to refund N55.42 billion disbursed under the National Mass Metering Programme (NMMP), citing lapses in the execution of the initiative.   The resolution followed... Read More
Africa News, Business, Finance, Governance, Nigeria News, Politics
April 21, 2026

My administration will not negotiate with criminals — Kogi Gov

By Sam Biodun Ogundipe in London     The Governor of Kogi State, Usman Ododo, on Tuesday declared that his administration would not negotiate with criminals, vowing to crush and defeat them.   Speaking at the Kogi State Security Summit and Fundraising held in Abuja, he stressed that anyone who disturbs the peace of the... Read More
Africa News, Breaking News, Crime, Finance, Governance, Military, Nigeria News, Police, Politics
April 21, 2026

Tinubu Elevates Oyedele to Finance Minister, Wale Edun, Dangiwa Sacked as President Appoints Replacement for Housing Ministry

By Festus Fifen Nigeria President Bola Ahmed Tinubu has approved a minor cabinet reshuffle in the membership of the Federal Executive Council. According to a memo signed by the Secretary to the Government of the Federation, Senator George Akume, two cabinet members, Mr. Wale Edun and Arc. Ahmed Musa Dangiwa are to leave the cabinet... Read More
Africa News, Breaking News, community, Education, Finance, Governance, Nigeria Capital, Nigeria News, Politics
April 17, 2026

PRESIDENT TINUBU ASSENTS TO N68.32 Trillion 2026 APPROPRIATION BILL

Approves Extension of 2025 Budget Till June 2026   By Festus Fifen   Nigeria President Bola Ahmed Tinubu has assented to the 2026 Appropriation Bill, which provides for an aggregate expenditure of ₦68.32 trillion. The President has also signed the bill extending the implementation period for the 2025 budget from March 31, 2026, to June... Read More
Africa News, Breaking News, Business, Business, Finance, Governance, Nigeria Capital, Nigeria News, Politics
April 17, 2026

AGENDA 2063: AU PUSHES DEEPER MONETARY COORDINATION TO FAST-TRACK AFRICA’S FINANCIAL INTEGRATION

  The African Union is stepping up efforts to align monetary policies across the continent as part of a broader push to deepen Africa’s financial integration under its long-term development blueprint, Agenda 2063.   This renewed drive follows discussions at a high-level side event in Washington, hosted by the AU’s Permanent Mission to the United... Read More
Africa News, Business, community, Finance, Nigeria Capital, World News
April 16, 2026

UN Backs Borrowers’ Platform to Rebalance Global Debt Negotiations

  Developing nations are seeking to reshape the balance of power in global debt discussions following the launch of a borrower-driven platform designed to amplify their influence in negotiations with creditors.   The initiative, unveiled on the sidelines of the 2026 Spring Meetings of the International Monetary Fund and the World Bank in Washington, D.C.,... Read More
Africa News, Business, Education, Featured, Finance, Legal, Nigeria Capital
April 8, 2026

CZECH BUSINESS DELEGATION SEEKS EXPANDED INVESTMENT OPPORTUNITIES IN NIGERIA

By ifeoma Onyekachi   A former Deputy Prime Minister of the Czech Republic, Martin Pecina, has visited Nigeria in his capacity as a private sector investor, signalling renewed momentum in economic relations between both countries. Pecina, who previously served as Minister of the Interior, is now actively engaged in business through companies such as VAE... Read More
Africa News, Business, Featured, Finance, Nigeria Capital, UK News
April 8, 2026

NAICOM LAUNCHES POLICYHOLDERS’ PROTECTION FUND, ENFORCES MANDATORY CONTRIBUTIONS ON INSURERS

By ifeoma Onyekachi   Nigeria’s insurance regulator, National Insurance Commission (NAICOM), has introduced a new financial safety mechanism aimed at protecting policyholders and reinforcing confidence in the industry, following persistent concerns over unpaid claims and insurer insolvency.   The initiative, known as the Insurance Policyholders’ Protection Fund (IPPF), compels all licensed insurance and reinsurance firms... Read More
Africa News, Business, Finance, Nigeria Capital
April 4, 2026

FG to Enforce Türkiye Agreements, Targets $5bn Trade Expansion

By ifeoma Onyekachi   Nigeria has reaffirmed its commitment to fully implement the Memoranda of Understanding signed with the Republic of Türkiye earlier this year, as part of efforts to strengthen bilateral cooperation between the two countries. The Minister of State for Foreign Affairs, Bianca Odumegwu-Ojukwu, gave the assurance during a meeting with the Turkish... Read More
Africa News, Business, Finance, Nigeria Capital, Politics, UK News
April 1, 2026

JOS CRISES: President Tinubu Postpones Ogun Trip , Proceeds to Jos to commiserate with Grieving Families

By Festus Fifen In a show of solidarity and compassion for the loss of lives in the recent attack of innocent citizens in plateau state, President Bola Ahmed Tinubu has postponed his scheduled trip to Iperu, Ogun State, on Thursday to flag off operations at the Gateway International Cargo Airport. Instead, the President will head... Read More
Africa News, Breaking News, community, Crime, Finance, Governance, Justice, Nigeria Capital, Nigeria News, Police, Politics
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