Author: NewsQuest

The Minister of Finance and Coordinating Minister of the Economy Taiwo Oyedele on Monday told the Senate that the nation’s recent surge in reported public debt largely reflects accounting shifts tied to naira depreciation and the formal recognition of past obligations, disputing claims that President Bola Tinubu’s administration has engaged in heavy new borrowing. Oyedele who testified before the Senate Committee on Finance, opposed assertions from some lawmakers that the government had added roughly N80 trillion to the N75 trillion debt it inherited. He said those comparisons ignore currency revaluations and securitisations that have inflated the naira-denominated headline figure. “When…

President Bola Ahmed Tinubu has appointed Ayo Fayose, former governor of Ekiti State, and 25 others to leadership posts across 10 federal agencies and commissions, the presidency said Monday. In a statement, Bayo Onanuga, the President’s Special Adviaer on Information and Strategy said the appointments take immediate effect. Fayose was named chairman of the Rural Electrification Agency, joining a board that includes Alhaji Ahmadu Abubakar and Engineer Ilyasu Ibrahim Makinta as members and nonexecutive directors. The agency’s Director-General Abba Abubakar Aliyu, and three previously appointed executive directors round out the board, the statement said. Major General Junaid Bindawa was tapped…

West African Heads of State signed an intergovernmental agreement over the weekend that clears a major political hurdle for a planned $25 billion pipeline designed to carry Nigerian gas along the Atlantic coast to Morocco—and potentially into European markets. The pact, signed during the Economic Community of West African States (ECOWAS) summit in Freetown, provides sovereign backing necessary to move the African Atlantic Gas Pipeline (AAGP) from planning toward construction. The pipeline, jointly promoted by Nigerian National Petroleum Corporation (NNPC) Ltd. and Morocco’s Office National des Hydrocarbures et des Mines (ONHYM), is slated to run nearly 6,900 kilometres and carry…

President Bola Tinubu’s Chief of Staff Femi Gbajabiamila on Monday appeared before the Independent Corrupt Practices and Other Related Offences Commission (ICPC), as part of an investigation into a purportedly fraudulent outfit known as “PFIPC,” his legal team said. The Presidential Foreign Investment Promotion Council, is a body that the Presidency has since disowned, describing it as fake or without legal backing. Our correspondent gathered the said agency got into the 2026 budget, receiving a shared allocation of N1.3 billion. Acting on directives of the President, Gbajabiamila attended the ICPC office at about 3:00pm and provided testimony, answered investigators’ questions…

A federal delegation touring strategic projects in Kogi State on Sunday said President Bola Tinubu’s reform agenda is freeing resources for infrastructure and human-capital investments across the country with highly mutual benefits. The group, made up of Renewed Hope Ambassadors and members of the Presidential Communications Team, began inspections in Kabba at the junction linking the Abuja–Lokoja Expressway to the Lokoja–Benin corridor. A statement by the Director Media for the Renewed Hope Ambassadors Tunde Rahman said the Abuja–Lokoja segment, long neglected by previous administrations, has been split into five contracts to accelerate completion under the federal programme. “The Abuja–Lokoja highway…

President Bola Tinubu on Sunday pressed fellow West African leaders to unite in condemning a recent wave of xenophobic attacks in South Africa, while pledging support for a new ECOWAS framework aimed at deepening regional integration. Tinubu, speaking at the 69th Ordinary Session of the Economic Community of West African States and represented by Vice President Kashim Shettima, said Nigeria had evacuated more than 1,490 citizens from South Africa and called on ECOWAS members to raise a single voice against what he described as “Afro-phobic” violence. “Nigeria condemns, in the strongest terms, the recent attacks on its citizens and other…

The Nigeria Revenue Service (NRS) set a July 31 deadline for large companies to complete integration with the country’s national e-invoicing and Electronic Fiscal System, warning that firms that fail to comply could face regulatory sanctions. In a notice signed by NRS Executive Chairman Zacch Adedeji and published after an initial implementation timeline released February 17, the tax authority said all designated “large taxpayers” must finish onboarding, systems integration and testing, and begin sending invoices to the NRS e-invoicing platform by the deadline. The agency—whose definition of large taxpayers covers companies with annual gross turnover of ₦5 billion or more—said…

Governor Uba Sani has credited President Bola Tinubu with providing critical federal support that, he said, has accelerated a slate of transportation and infrastructure projects across Kaduna State. Speaking at the ceremonial kickoff for 11 road projects in Zaria and Sabon Gari local governments, Governor Sani described the work as a joint undertaking between state and federal government. He said Kaduna had been chosen to benefit from the federal light-rail initiative and that the proposed ₦1 trillion Kaduna Light Rail Project would begin within two months, with contractors already mobilized. “The developmental projects in Kaduna are being delivered through collaboration…

By Arabinrin Aderonke One year ago, President Bola Ahmed Tinubu, GCFR, signed Nigeria’s landmark tax reform laws. At the time, many Nigerians wondered whether the reforms would make any real difference. Today, one year later, the answer is becoming clear. The reforms are not only changing how Nigeria raises revenue but also the country’s economic direction. For decades, Nigeria depended heavily on crude oil to fund government activities. Whenever oil prices fell, government revenue dropped, budgets came under pressure, and development slowed. It became obvious that relying on one source of income was no longer sustainable. President Tinubu’s Renewed Hope…

By O’tega Ogra The recent commentary titled “Facebook Nigeria Vs ARCON Judgment: Not About the Fine but Consumer Protection at Risk of Vulnerability” raises important questions about platform accountability, regulatory authority and the future of digital governance in Nigeria. It is a conversation worth having. Every Nigerian should care about the accountability of global digital platforms operating in our jurisdiction and about how they are regulated. That conversation is about far more than Meta or ARCON. It is about consumer protection, regulatory certainty, investor confidence and the rule of law. Consumers deserve protection, and multinational companies that profit from the…