…the broader impact of the Commission’s recoveries extended to strengthening government revenue, protecting financial-market integrity, and producing what he called a “deterrent dividend.” “This is what enforcement looks like when it moves beyond punishment. Every asset taken from a criminal enterprise lowers the reward…

…the US blockade of Iranian oil exports has effectively cut off Tehran’s main source of revenue, Reuters reported. Iran’s economic problems have been compounded by a sharp collapse in its currency and accelerating inflation. The rial has fallen from about one million rials to the dollar a year ago to more than 2.2 milli…

…$358bn in gross transaction value in 2025, more than double the previous year, as revenue jumped 161% to $536.3m.OPay is working with Citigroup, Deutsche Bank, and JPMorgan Chase on a separate US IPO that could value the company at about $4bn.

…to close to 12%.Key drivers behind the currency's recovery include higher oil revenues, growing remittance inflows, and increased foreign investor interest. These factors have also helped lift Nigeria's external reserves to $53.9 billion, their highest point in 18 years. The Central Bank of Nigeria (CBN) now has greate…

The Federal Government has said a sustained increase in domestic revenue will be critical to Nigeria’s efforts to secure an investment-grade sovereign credit rating. The government said it would focus on raising revenue, improving the efficiency of public spending and strengthening debt affordability while consolidatin…

…economic challenges. Osigwe said the administration also diversified the NBA’s revenue sources by leasing the two wings of its National Secretariat in Oro-Ago Crescent, Garki, Abuja, at an annual rental value of N20m per wing. He added that the National Executive Council approved the commercial leasing of three vacant…

…the checkpoint or deploy officers who would focus on crime prevention rather than revenue collection. The allegations come amid repeated warnings by the Cross River State Commissioner of Police, CP Ajo-Geoffrey Ordue, against extortion and unprofessional conduct by officers. When contacted, the Police Public Relations…

…of passengers stranded and reportedly caused the airline to lose more than N2 billion in revenue. In a complaint lodged by the airline, Air Peace accused ATSSSAN of conspiracy, threatening violence, inciting disturbance of public peace, assault occasioning harm and conduct likely to cause a breach of peace. General Sec…

…Congress challenged the Federal Government to account for the N15.8tn in additional revenues it said accrued from the reforms. The National Chairman of the APC, Prof Nentawe Yilwatda, warned that Atiku’s proposal to return Nigeria to the old fuel subsidy regime could reverse the economic gains recorded under the ongoin…

…administration inherited “fuel subsidy distortions, multiple exchange-rate windows, weak revenue mobilisation, foreign-exchange shortages, rising debt-service pressures and years of inadequate investment in critical infrastructure” when Tinubu took office on 29 May 2023. He said gross external reserves had risen to abo…

…to shareholders’ approval at its Annual General Meeting scheduled for October 28, 2026. Revenue increased by 22 percent to N260.46 billion, compared with N212.63 billion recorded in the corresponding period of 2025, reflecting improved sales and operating performance across the business.The sharp improvement in profita…

…financial regulations and appropriation laws.” The Auditor-General noted an increase in revenue from the Federation Account but called for a more aggressive internally generated revenue drive, particularly through the informal sector. He said, “Thousands of informal sectors need to be captured. What I expect of interna…

…of the Secretary to the Government of the FederationAccording to a document from the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), the Nigerian president currently receives a hardship allowance of N1,757,350.50 annually.RMAFC disclosure highlights that Nigeria’s president currently receives a hardship…

…billion, or 67 per cent, was recovered for ministries, departments and agencies, state revenue services, companies, individuals and foreign victims. He explained that recovery was meaningless unless the funds and assets were eventually returned to their rightful beneficiaries. Consequently, the commission released N661…

THE growing use of dollar-denominated loans by Nigerian companies earning revenues largely in naira is emerging as a major threat to shareholder value, as currency depreciation can wipe out otherwise strong operating performances, a new report by Chapel Hill Denham, has warned. The investment research firm said the big…

…this when she led the commission’s management to a meeting with the leadership of the Revenue Mobilisation Allocation and Fiscal Commission in Abuja. The meeting focused on developments in the upstream petroleum sector and the implementation of provisions of the PIA, particularly those relating to host communities and…

…Congress challenged the Federal Government to account for the N15.8tn in additional revenues it said accrued from the reforms. The National Chairman of the APC, Prof Nentawe Yilwatda, warned that Atiku’s proposal to return Nigeria to the old fuel subsidy regime could reverse the economic gains recorded under the ongoin…

…solid minerals sector as a major contributor to economic growth and diversify government revenue away from crude oil.

…in the case include the FBI, the Drug Enforcement Administration, the Internal Revenue Service, the Executive Office for United States Attorneys, the Department of State, and later the CIA.What the courts have saidIn April 2025, Judge Beryl Howell ruled that the FBI and DEA had issued improper Glomar responses and orde…

…compared with less than N1 trillion before subsidy removal. “Yet, while government revenues soared, Nigerians became poorer,” the ADC said. Petrol, the party added, moved from about N185 per litre in May 2023 to N1,300+ in many places by August 2025, while food inflation crossed 40 per cent at points during the period.…

…figures, including Atiku, have sought to weaponise through the ongoing subsidy-revenue reconciliation demands, he urged Nigerians to judge leadership by concrete actions rather than sentiments.“Leadership is defined by the steps you take to solve problems. When someone identifies a problem and takes concrete action to…

…unaccounted power losses have climbed to 100 megawatts, inflicting an estimated annual revenue loss of N120 billion on the electricity market. The Minister of Power, Joseph Tegbe, announced the intervention on Friday during a high-level stakeholders meeting with industrial operators, key market participants.and energy…

…strengthen economic resilience and, over time, support a gradual increase in government revenue,” Moody’s said. Moody’s is a leading global credit rating firm that independently assesses the creditworthiness of governments and companies to help investors gauge the risk of default. The agency said Nigeria’s external pos…

…to improve citizens’ lives. He urged NLNG to balance its efforts to grow international revenue with the need to make gas more accessible and affordable within the country.Tinubu Gives NLNG Fresh Mandate to reduce Cooking Gas prices for Nigerians>Tinubu

…Council (NJC), while INEC’s funding would become a first-line charge on the Consolidated Revenue Fund of the Federation. It emphasised that there should be no swearing-in of any candidate until any petition against the election had been conclusively determined. Another major pillar of the Uwais report was the recommend…