News

FG inaugurates N40bn CCTV centre on Third Mainland Bridge

The federal government says it has inaugurated a N40 billion closed-circuit television (CCTV) control centre for the Third Mainland Bridge in Lagos. In 2025, Minister of Works David Umahi announced the installation of surveillance cameras on the bridge, noting that the move was aimed at preventing suicide attempts. At the …

Read More »

EFCC Boss Olukoyede Stands By Resignation Vow, Says ‘I’ve Fulfilled My Mandate, Yahaya Bello’s Prosecution Is On Track’

According to the EFCC chairman, Bello allegedly transferred money directly from the Kogi State Government’s account to a bureau de change and used the funds to pay $720,000 as advance school fees for his child. The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has accused the …

Read More »

Why 2026 Must Be the Year Nigeria’s Economy Works for All

BY BLAISE UDUNZE As the new economic year begins in Nigeria, statements and policies emanating from government officials’ corridors project cautious optimism. One of the official narratives that expresses renewal of hope and confidence is the projection from the Central Bank of Nigeria (CBN) that the economy is expected to …

Read More »

CIG Motors Terminates Executive Director Jubril Arogundade Over Financial Misappropriation and Abuse of Authority, Refers Case to EFCC

CIG Motors Co. Ltd has announced the immediate termination of the appointment of its Executive Director, Jubril Arogundade(@JubrilofLagos), following internal investigations that uncovered issues relating to financial misappropriation and abuse of authority. In a statement made available to Nairametrics, the company said the decision followed a period of suspension and …

Read More »

Sokoto Vows To Ensure Due Process In Public Procurement

The Sokoto State Government has reaffirmed its commitment to strict compliance with public procurement standards and due process in the award of contracts, as part of efforts to ensure value for money and strengthen the fight against corruption. The newly posted Executive Secretary of the State Bureau for Public Procurement, …

Read More »

Banks to charge ₦50 stamp duty fee from January 1

Following the implementation of the Tax Act, banks will begin charging a ₦50 stamp duty on electronic transfers of ₦10,000 and above from January 1, 2026. The charge, officially known as the Electronic Money Transfer Levy (EMTL), is a single, one-off ₦50 fee applied to electronic receipts or transfers of …

Read More »

How Nigeria’s New Tax Law Could Redefine Risk in the Banking Sector

By BLAISE UDUNZE Nigeria’s new tax identification portal goes live nationwide tomorrow, Friday, January 1, 2026, marking a pivotal moment in the country’s fiscal and financial governance. Designed to modernise tax administration and strengthen taxpayer identification, the reform reflects a decisive shift in economic strategy by a government grappling with …

Read More »