The Federal Government of Nigeria is pressing ahead with critical tax reforms aimed at boosting revenue and efficiency, in a bid to access a $750 million loan from the World Bank. The loan is part of a broader $2.25 billion package approved by the World Bank to bolster Nigeria’s economic stability and support its vulnerable […]
Nigeria Pursues Tax Reforms to Unlock $750M World Bank Loan Read More »
The All Progressives Congress (APC) has responded to criticism from opposition parties over President Bola Tinubu’s recent cabinet reshuffle. APC’s National Publicity Director, Bala Ibrahim, said the opposition’s negative reactions stem from frustration over being snubbed for appointments. Tinubu’s cabinet reshuffle included dismissing five ministers, appointing seven, and reassigning 10 others. Opposition parties described the
APC Defends Tinubu’s Cabinet Reshuffle, Accuses Opposition of Sour Grapes Read More »
The International Finance Corporation (IFC) and the Central Bank of Nigeria (CBN) have signed an agreement to increase local currency financing in Nigeria. This partnership aims to unlock over $1 billion in investments across key sectors, including agriculture, infrastructure, housing, energy, small and medium enterprises, and the creative and youth industries. The agreement will provide
IFC and CBN Partner to Boost Local Currency Financing in Nigeria Read More »
Presidential spokesman Bayo Onanuga has refuted claims that the Federal Government purchased a new official jet for President Bola Tinubu. Onanuga explained that the government acquired a refurbished Airbus A330, which belongs to the country, not the president. The refurbished jet replaces older aircraft purchased under former President Olusegun Obasanjo, which are in poor condition
Presidency Clarifies Acquisition of Refurbished Jet for President Tinubu Read More »