Reps Pass ₦58.4tn 2026 Budget for Second Reading
By Oluwakemi Kindness The House of Representatives has passed the ₦58.4 trillion 2026 Appropriation Bill for second reading. The bill seeks authorisation to withdraw ₦58,472,628,944,759 from the Consolidated Revenue Fund for the financial year ending 31 December 2026. Spending Breakdown Raises Key Fiscal Issues The budget framework allocates: ₦4.09 trillion – Statutory transfers ₦15.91 trillion […]
NLC Knocks Court Over Order Suspending FCTA Workers Strike
By Chinedu Echianu The Nigeria Labour Congress (NLC) have expressed disappointment over the ruling of the National Industrial Court suspending the strike embarked upon by workers in the Federal Capital Territory Administration. The court’s decision, delivered on Tuesday, January 27, followed a suit instituted by the Minister of the FCT/FCT Administration against workers and their […]
Customs Must Be Central to National Security, Trade Reform — Stakeholders
By Oluwakemi Kindness Stakeholders have underscored the need to place the Nigeria Customs Service (NCS) at the heart of national security coordination and trade reforms, as the Service continues to expand its role beyond revenue collection to border protection, security intelligence, and supply chain stability. This consensus emerged at the International Customs Day celebration, held […]
Customs Surpasses 2025 Revenue Target by ₦697bn
By Oluwakemi Kindness The Nigeria Customs Service (NCS) says it collected ₦7.281 trillion in 2025, surpassing its revenue target of ₦6.584 trillion by ₦697 billion, even as it identified systemic bottlenecks slowing trade at Nigerian ports. Comptroller-General of Customs, Adewale Adeniyi, disclosed this during the International Customs Day celebration and the official launch of the […]
Shell Announces Fresh $20bn Investment Plan in Nigeria
By Sofiat Adenekan-Abdul The Chief Executive Officer of Shell Plc, Wael Sawan, has commended President Bola Tinubu’s leadership, saying it has restored investor confidence and created a healthy climate for investments in Nigeria. Sawan made the remarks during a recent meeting with President Tinubu at the Presidential Villa, Abuja, where he disclosed that Shell and […]
NDIC, EFCC Strengthen Partnership to Recover Bank Assets
By Oluwakemi Kindness The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to working with the Economic and Financial Crimes Commission (EFCC) to recover assets and debts from failed banks and prosecute individuals responsible for bank failures. NDIC Managing Director, Thompson Sunday, made this known during a courtesy visit by NDIC management to EFCC […]
Reps Rejects Minority Caucus Committee Report on Tax Laws
By Oluwakemi Kindness The House of Representatives has rejected claims that its Minority Caucus constituted an ad hoc committee to re-examine recently enacted tax laws, insisting that such a move has no legal or parliamentary backing. In a statement issued on Sunday, the House Spokesman, Akin Rotimi Jnr, clarifies that only committees constituted by the […]
Nigeria, Austria Reaffirm Bilateral Ties at High-Level Diplomatic Talks
By Zainab Bakare The Federal government and the Republic of Austria have reaffirmed their commitment to strengthening bilateral relations, multilateral cooperation, and partnerships across key strategic sectors. The commitment followed a high-level meeting between Minister of State for Foreign Affairs, Ambassador Bianca Odumiegwu-Ojukwu, and the Secretary-General of Austria’s Federal Ministry of International and European […]
House Minority Caucus Confirms Illegal Alterations in Nigeria’s Tax Laws
By Oluwakemi Kindness The House of Representatives Minority Caucus has confirmed that discrepancies exist between the tax laws passed by the National Assembly and the versions later gazetted by the Federal Government. The confirmation comes after Abdulsamad Dasuki raised alarms over the circulation of unauthorized versions of the laws. In response, the Minority Caucus, led […]
Afreximbank Cuts Ties With Fitch Ratings
By Oluwakemi Kindness The African Export-Import Bank (Afreximbank) has officially ended its credit rating relationship with Fitch Ratings. In a statement shared on its official X handle on Friday, the Bank says the decision followed a comprehensive review. It also notes that the current credit rating assessment no longer reflects a proper understanding of Afreximbank’s […]