11 h. ago Wike announces historic achievement: FCT reaches 95% budget implementation

From Juliana Taiwo-Obalonye, Abuja In a remarkable display of fiscal efficiency, the Federal Capital Territory (FCT) has achieved a historic 95 percent implementation of its 2024 statutory budget, according to the Minister, Nyesom Wike.  According to a statement issued by the Director of Press, Anthony Ogunleye, the minister noted that this milestone marks a significant […] The post Wike announces historic achievement: FCT reaches 95% budget implementation appeared first on The Sun Nigeria.

Politics

18 h. ago Senate vows equitable use of ₦1tn to revive solid minerals sector

From Jude Owuamanam, Jos Senator Ekong Sampson, Chairman of the Senate Committee on Solid Minerals Development, has pledged that the 10th Senate will ensure the equitable use of the ₦1 trillion allocated in the 2025 budget to revitalise Nigeria’s dormant solid minerals sector. Speaking through his deputy, Senator Mustaph Habib, during an oversight visit in […] The post Senate vows equitable use of ₦1tn to revive solid minerals sector appeared first on The Sun Nigeria.

Politics

28 h. ago Infrastructure projects to suffer as international oil prices decline – Adelabu

…seeks further collaboration With EU Adebayo Adelabu, Nigeria’s minister of power has decried the impact of the continuous drop in read more Infrastructure projects to suffer as international oil prices decline – Adelabu

Politics

30 h. ago Nigeria, others raising health budgets over US aid cut – WHO

The World Health Organisation said Nigeria has allocated an additional $200m to health in its 2025 budget to cushion the effects of aid cut by the US. The Director General of WHO, Dr Tedros Ghebreyesus, disclosed this in a speech on the organisation’s website. In January, US President Donald Trump issued an executive order halting Read More

Politics

32 h. ago Oil price slump as tariff tension pushes Nigeria’s FX market into turbulence

By Chinwendu Obienyi Nigeria’s foreign exchange (FX) market is once again facing renewed volatility as global economic uncertainties, driven by slumping oil prices and protectionist trade measures from the United States, continue to exert pressure on the naira and the nation’s external reserves. Daily Sun gathered that despite demand pressures and intervention by the Central […] The post Oil price slump as tariff tension pushes Nigeria’s FX market into turbulence appeared first on The Sun Nigeria.

Politics

41 h. ago Nigeria allocated additional $200m to health in 2025 budget – WHO

The World Health Organisation said Nigeria has allocated an additional $200m to health in its 2025 Budget to avert the health impacts that the sudden and unplanned cuts are having. The Director General of WHO, Dr Tedros Ghebreyesus, disclosed this in a speech on the organisation’s website on Sunday. In January, the Trump Administration issued Read More

Politics

3 d. ago Oil Prices Regain 3% After Trump’s Pause On Tariffs Increase

Oil prices rose on Wednesday, bouncing back from four-year lows earlier in the session, after U.S. President Donald Trump announced he would further increase tariffs on China but pause the tariff increases he announced last week for most other countries. Trump authorised a 90-day pause as part of his tariff plan but also raised the […]

Politics

4 d. ago Oil prices up 3% after Trump declares pause on most tariffs but higher tariff on China – Reuters

Oil prices climbed on Wednesday, bouncing back from four-year lows earlier in the session, after U.S. President Donald Trump announced read more Oil prices up 3% after Trump declares pause on most tariffs but higher tariff on China – Reuters

Politics

5 d. ago Oil prices fall further, throwing Nigeria’s budget in turmoil

Oil prices retreated on Thursday as U.S. President Donald Trump ramped up a trade war with China, even as he read more Oil prices fall further, throwing Nigeria’s budget in turmoil

Politics

5 d. ago Nigeria Needs Economic Innovations To Create N500trn Budget, Says Agbakoba

Former president of the Nigerian Bar Association (NBA), Dr Olisa Agbakoba (SAN), has stated that Nigeria must embrace a comprehensive strategy aimed at transforming Nigeria’s economy from a resource-dependent model into a diversified, production-oriented powerhouse to achieve a budget of N500 trillion for 2026/2027. Agbakoba also emphasised that President Bola Tinubu must adopt a rapid, […]

Politics

5 d. ago Oil prices hit pandemic level in threat to Nigeria’s revenue

Nigeria’s economy is facing a renewed strain as global oil prices plummet, reaching levels reminiscent of the devastating downturn experienced read more Oil prices hit pandemic level in threat to Nigeria’s revenue

Events

5 d. ago Petrol price, oil imports to drop as FG announces continuation of naira

By Adewale Sanyaolu Hopes of a further drop in fuel price brightened yesterday as the Federal Government announced the continuation of the Naira-for-Crude policy. In a statement, the ministry of finance announced that the decision to sustain the initiative was taken after a meeting of the technical sub-committee on the crude and refined product sales […] The post Petrol price, oil imports to drop as FG announces continuation of naira-for-crude deal appeared first on The Sun Nigeria.

Politics

5 d. ago IPU: Jimoh Ibrahim tasks global parliaments on defence budget support

By Adesuwa Tsan, Abuja Senator Jimoh Ibrahim, Chairman of the Senate Committee on Inter-Parliamentary Affairs, has urged parliaments worldwide to back their Ministries of Defence with smart budgeting to tackle global insecurity. He shared this view during a presentation on Power and Insecurity at the 150th Inter-Parliamentary Union (IPU) Assembly in Uzbekistan. Ibrahim called for […] The post IPU: Jimoh Ibrahim tasks global parliaments on defence budget support appeared first on The Sun Nigeria.

Politics

5 d. ago Nigeria’s oil revenue threatened by price drop to $59 per barrel

The price of crude oil has dropped to $59 per barrel, the first decrease since February 2021. According to reports on Wednesday, Brent crude, global oil price, fell by 5.09 percent to $59.62 per barrel at 12.30 WAT, while the US West Texas Intermediate fell by 5.54 percent to $56.28 per barrel. The fall in […] The post Nigeria’s oil revenue threatened by price drop to $59 per barrel appeared first on The Sun Nigeria.

Politics

5 d. ago China retaliates with 84% tariffs on US goods, pushes oil price below 2021 levels

China’s finance ministry has announced an 84% tariff on all goods imported from the US. The ministry says that these read more China retaliates with 84% tariffs on US goods, pushes oil price below 2021 levels

Politics

6 d. ago Goldman Sachs Slashes Oil Price Forecast To $58/b On Recession Fears

Goldman Sachs has slashed its oil prices forecasts again and now expects Brent Crude to average below $60 per barrel next year, at $58, amid recession risks, slowing demand, and more supply from the OPEC+ producers. The investment bank had previously forecasted oil demand growth at 600,000 barrels per day (bpd) this year but now […]

Economics

7 d. ago Crude crash: FG’s 2025 budget jerks again, marketers anticipate price cut

The global crash in crude oil prices has put Nigeria’s 2025 budget under more threat, even as fuel marketers await a possible reduction in the prices of petroleum products. According to experts who spoke with our correspondent, the crude oil crash occasioned by the tariffs imposed on countries by United States President, Donald Trump, has Read More

Events

8 d. ago Crude price crash: Petrol can drop below N400/litre — Refiners

Crude Oil Refinery Owners Association of Nigeria has said that the price of Premium Motor Spirit (petrol) can drop below N400 per litre with the current crash in crude oil prices. CORAN argued that there is no reason petrol should not be sold at NN350 per litre if crude prices eventually fall to $50 per Read More

Events

3 w. ago Civil Servants Threaten Mass Protest Over Budget Delay In Rivers

A coalition of concerned civil servants in Rivers State, and the Rivers Solidarity for Good Governance, have issued warning to the state’s House of Assembly over delay of 2025 budget. The groups condemned what it called reckless inaction and obstruction of governance, by Speaker Martin Amaewhule-Led lawmakers, warning of mass protest if their demands were […] The post Civil Servants Threaten Mass Protest Over Budget Delay In Rivers appeared first on Information Nigeria.

Politics

4 w. ago Beneficiaries of subsidies ganged up against Tinubu’s govt at inception – Bamidele

…says 2025 budget ’ll address Nigeria’s challenges …reiterates FG’s resolve not to retrench public servants Opeyemi Bamidele, Senate Leader, explained read more Beneficiaries of subsidies ganged up against Tinubu’s govt at inception – Bamidele

Politics