Economy

10 states target N4.3trn loans to fund 2026 budgets [FULL LIST]

Ten states are planning to source about N4.287 trillion from loans, bonds, grants, capital receipts, and public-private partnerships to finance…

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Nigeria’s Tax Ombudsman Dr Nwabueze begins operations Jan 1 — Official

•Dr John Nwabueze was recently appointed pioneer Tax Ombudsman by President Tinubu   The Office of the Tax Ombudsman of…

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External debt service gulps N2.7 trillion, 45.2 per cent of govt’s Q2 revenue

•Graphical depiction of Nigeria’s debt profile   Nigeria’s mounting debt burden again came into focus in the second quarter of…

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Tinubu in latest directive, strips Finance Minister Edun of critical powers

The Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, may have been stripped of critical powers…

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‘Altered’ Tax Laws: FG defends January implementation, says delay will harm economy

•Taiwo Oyedele, Chairman, Presidential Committee on Fiscal Policy and Tax Reforms   The Federal Government has defended the planned January…

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Presidency dismisses alleged discrepancies in Tax Law

The Presidency has dismissed claims of discrepancies in the newly signed tax reform laws.   It said that the documents…

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New tax laws on shaky ground as lawmakers reject gazetted tax laws over alterations 

Concerns have deepened over alleged alterations to tax laws passed by the National Assembly, after two more lawmakers raised objections…

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World Bank approves fresh $500 million loan for Nigeria

The World Bank has approved a $500 million financing package for Micro, Small, and Medium Enterprises (MSMEs) in Nigeria.  …

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Multiple budget implementation to end in March 2026 — Tinubu

•President Tinubu, while presenting the 2026 appropriation bill to a joint session of the National   President Bola Tinubu has…

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BREAKING: Tinubu presents N58.47trn 2026 budget to NASS joint session •Defence takes N5.41trn lion’s share 

President Bola Tinubu has presented a budget of N58.47 trillion for the 2026 fiscal year to a joint session of…

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