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Abuja, Feb. 10, 2026 – The Nigeria Revenue Service (NRS) has projected N40.7 trillion revenue for 2026. The 2026 target represents about 44 per cent increase over the N28.29 trillion realised by the Service in 2025. Amina Ado, the NRS Executive Director for Government and Large Taxpayers, said this in Abuja on Tuesday at the NRS Management Retreat. She said the ambitious revenue target was hinged on the strong performance of the Service in 2025 which provided a solid base for the 2026 projection. The executive director attributed the strong …

Kamba (Kebbi State), Feb. 10, 2026 – the Federal Government on Monday reopened the Nigeria-Niger border through the Kamba corridor. President Bola Tinubu had directed reopening of the border on Saturday/ Mahmoud Mattawale Ibrahim, the Kebbi Customs Area Commander, announced this on Monday while addressing journalists during his visit to Kamba for the reopening. The area commander, who was accompanied by his counterpart from the Federal Operations Unit (FOU), Aminu Suleiman, said the Command was committed to enforcing all directives relating to the border reopening as instructed by the President …

Lagos, Feb. 10, 2026 – Nigeria’ external reserves have risen to $49 billion as of Feb. 5, 2026. Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), disclosed this in Abuja on Monday at the 2nd Edition of the National Economic Council (NEC) Conference. He said the external reserves had risen steadily over the net reserve figure which was as low as $3 billion when the current administration took over. The apex governor said the current administration had helped to stabilise the economy and protect the value of …

Lagos, Feb. 10, 2026 – The Nigerian currency, the Naira, appreciated at the official foreign exchange market on Monday to close at 1,354.90 to the dollar. The currency had closed at N1,363 to the dollar on Friday, appreciating by N8.10 to the dollar on Monday. The steady appreciation of the naira against the dollar in the last two weeks had been attributed to the gradual slide of the dollar in the international market, Nigeria’s rising external reserves and monetary policy stance of the Central Bank of Nigeria. Bid rates offered …

Singapore, Feb 9, 2026 – Oil prices fell more than 1% on Monday as fears of a Middle East conflict eased after the U.S. and Iran pledged to continue indirect talks about Tehran’s nuclear programme, calming worries about potential supply disruptions. Brent crude futures fell 84 cents, or 1.2%, to $67.21 a barrel by 0747 GMT on Monday, while U.S. West Texas Intermediate crude dropped 82 cents, or 1.3%, to $62.73. “With more talks on the horizon, the immediate fear of supply disruptions in the Middle East has eased quite …

Beijing, Feb. 9, 2026 – China’s total foreign exchange reserves made $3.3991 trillion at the end of last January, marking an increase of $41.2 billion, or 1.23 percent, compared to the end of December last year. The State Administration of Foreign Exchange explained in a statement that the U.S. dollar index fell last January, while the prices of major global financial assets generally rose, influenced by fiscal and monetary policies and market expectations in major economies.          (SABA- Yemen News Agency)

Onitsha, Feb. 9, 2026 – The Indigenous Peoples of Biafra (IPOB) has announced the immediate termination of its Monday Sit-at-Home order in the South-East. Emma Powerful, the IPOB Spokesperson, disclosed in a statement on Sunday. The statement said “The Indigenous People of Biafra (IPOB), under the supreme leadership of Onyendu Mazi Nnamdi Kanu,  hereby announces to the entire world that the Monday sit-at-home across the South-East is officially and permanently cancelled with effect from Monday, February 9, 2026.” It stressed that the directive was issued directly by Nnamdi Kanu, the group’s …

Lagos, Feb. 9, 2026 – President Bola Tinubu is to pay a two-day State Visit to the United Kingdom from Wednesday, March 18 to Thursday, March 19, 2026. This was announced at the weekend by The Royal Family in London through the official X (formerly Twitter) handle. The statement reads: “The King and Queen will host the President of the Federal Republic of Nigeria and the First Lady at Windsor Castle during the State Visit. “The King and Queen will host the President of the Federal Republic of Nigeria and …

By Chidi Anselm Odinkalu Lagos, Feb. 9, 2026 – When President Bola Ahmed Tinubu presented his budget proposals for 2024 to Nigeria’s National Assembly, appropriations during his first year were on human asset development, poverty reduction and fighting insecurity. Last week, his official spokesperson, Bayo Onanuga, appeared to forget or renounce that policy direction when he acknowledged that 133 million Nigerians were multi-dimensionally poor but claimed that had nothing to do with the Federal Government.  According to Mr Onanuga, the states and local governments were responsible for that. On the …

Abuja, Feb. 8, 2026 – The National Drug Law Enforcement Agency (NDLEA) has intercepted 1.589 kilograms of cocaine from Nwabueze Nicholas Izueke, a 62-year-old Lagos businessman while attempting to smuggle out the drugs to China through Kano International Airport. Femi Babafemi, the NDLEA Spokesman, disclosed this in a statement on Sunday. According to the statement, Nwabueze was arrested on Saturday, Jan 31, 2026 at the airport during outward clearance of passengers going to China via Addis Ababa on Ethiopian Airlines flight ET940. It said that the suspect tested positive for …