Economy

The Federation Account Allocation Committee has disbursed a total of N2.036 trillion to the Federal Government, state governments, and local government councils as revenue allocation for March 2026. The distribution was finalized during the committee’s April meeting held in Abuja, reflecting inflows from statutory revenue, Value Added Tax (VAT), and augmentation funds. According to the […]

The Central Bank of Nigeria has issued a public warning about fraudulent messages and links circulating online that are designed to gain unauthorized access to individuals’ bank accounts. The alert was contained in a press statement dated April 21, 2026, signed by Hakama Sidi Ali and released on Wednesday. The warning comes amid growing cybersecurity

African fintech giant Flutterwave has clarified reports suggesting that the Federal Government of Nigeria invested $75 million in the company, stating that no such transaction has been officially announced. The company made the clarification in a statement released Tuesday following widespread media reports about the alleged investment. According to Flutterwave, while discussions with stakeholders may

President Bola Ahmed Tinubu has elevated Taiwo Oyedele to the position of Minister of Finance and Coordinating Minister of the Economy, following the exit of Wale Edun from the Federal Executive Council. The development was announced in a statement issued by Yomi Odunuga, Special Adviser on Media and Publicity to the Secretary to the Government

Former Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has outlined key economic improvements recorded during his tenure as he officially exits the Federal Executive Council. In a farewell statement seen by Nairametrics, Edun expressed gratitude to Bola Ahmed Tinubu for the opportunity to serve in his administration. His departure follows a

The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have signed a Memorandum of Understanding (MoU) aimed at improving consumer protection, tackling payment fraud, and strengthening collaboration between the telecommunications and financial services sectors. The development was announced in a statement released by Nnenna Ukoha, who confirmed that the agreement also included

President Bola Ahmed Tinubu has reportedly approved a $75 million investment in Flutterwave, as the fintech firm advances plans toward a potential Initial Public Offering (IPO). The disclosure was made on Monday by the President’s Special Assistant, Dada Olusegun, through a post on social media. According to Olusegun, the investment is currently progressing, although specific

The government of Lagos State has unveiled a new set of cybersecurity guidelines aimed at improving digital safety for businesses, government institutions, and residents as cybercrime losses in Nigeria continue to rise. The announcement was made by the Commissioner for Information and Strategy, Gbenga Omotoso, who revealed that the initiative forms part of broader efforts

Nigerian Exchange Limited (NGX) has announced an extension of its daily trading hours to 4:00 p.m., a move aimed at strengthening liquidity and increasing investor participation in Nigeria’s capital market. The development was disclosed in an emailed statement released by the exchange on Friday, April 17, 2026. The new trading schedule will take effect from

The Chief Executive Officer of Nigerian Breweries Plc, Thibaut Boidin, has warned that the Nigerian government’s proposed tax stamp policy could completely wipe out profits in the brewing industry and potentially destabilise the sector. Boidin issued the warning during the company’s 80th pre-Annual General Meeting media briefing in Lagos, where he emphasised the need for