JAMB Debunks Social Media Claims on Fee Hike THE Joint Admissions and Matriculation Board (JAMB) has dismissed reports suggesting that it has increased registration fees for the Unified Tertiary Matriculation Examination (UTME). The examination body described the claims circulating on social media as false, misleading and entirely unfounded, stressing that its fee structure has remained […]
Mandatory Filing Window Opens for 2026 Assessment Year THE Lagos State Internal Revenue Service has reminded Lagos residents earning taxable income to submit their individual annual tax returns on or before 31st March 2026. The directive covers employees under the PAYE scheme, entrepreneurs, professionals, self-employed persons and individuals operating within the informal economy. The returns […]
Current Account Surplus Masks Structural Strain NIGERIA’S external accounts posted a headline surplus in the third quarter of 2025 — but beneath the surface, a widening services deficit is raising fresh concerns about structural weaknesses in Africa’s largest economy. New data from the Central Bank of Nigeria (CBN) show that while the country recorded a […]
CBN Announces Rate Reduction THE Monetary Policy Committee (MPC) of the Central Bank of Nigeria has reduced the country’s benchmark interest rate to 26.5 per cent. CBN Governor Olayemi Cardoso announced the decision at the end of the committee’s two-day meeting held from 23 to 24 February in Abuja. The move represents a 50-basis-point cut […]
Crackdown at Bridgehead Market THE Anambra State Government has intensified enforcement of its directive against the Monday sit-at-home practice, sealing no fewer than 200 shops at the popular Bridge Head Market in Onitsha. The enforcement action was carried out by the Onitsha South Local Government Council during a compliance monitoring exercise on Monday. Authorities said […]
Subnational Debt Climbs to ₦4 Trillion NIGERIA’S 36 states and the Federal Capital Territory (FCT) recorded a combined debt stock of ₦4.002 trillion as of 30 September 2025, according to fresh figures released by the Debt Management Office (DMO). The subnational debt represents 2.61 per cent of Nigeria’s total public debt, which stood at ₦153.29 […]
Following the Money FRESH details have emerged in the ongoing investigation into an alleged plot to overthrow President Bola Tinubu, with security agencies tracing ₦835 million in suspected funding to two private companies and their promoters. Investigators say former Bayelsa State Governor Timipre Sylva allegedly contributed ₦785 million—described as the largest share of the funds—through […]
By OBIOMA TORI THE naira recorded a slight depreciation in the official foreign exchange market on Monday, closing at ₦1,353.5 per dollar, according to data published by the Central Bank of Nigeria (CBN). The local currency weakened from ₦1,348/$ recorded last Friday, reflecting mild pressure in the Nigerian Foreign Exchange Market (NFEM). The movement comes […]
By ENUBUZOR CHUKWUDI Claims, Counterclaims and the Politics of Accountability FRESH allegations circulating in political circles have reignited debate over fiscal management and accountability in Delta State, with former and current governors coming under renewed scrutiny. The claims compare budget sizes and infrastructure delivery under former governor James Ibori, his successor Ifeanyi Okowa, and incumbent governor […]
Special Report: Tracking Edo’s Extra-Budgetary Spending AN official fourth-quarter 2025 Budget Performance Report (BPR) has revealed that the Edo State Government spent ₦14.15 billion beyond what was approved in the state’s revised 2025 budget, raising concerns about fiscal discipline under Governor Monday Okpebholo. The overspending cuts across the executive, legislature and judiciary—three arms constitutionally expected […]