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National Assembly Commences Internal Review of Disputed Tax Laws
The National Assembly has initiated an internal investigation into allegations that certain provisions of the recently passed tax reform laws were altered after approval by lawmakers and presidential assent. The development was disclosed in a statement issued in Abuja by the Director of Information for the Senate, Bullah Audu Bi-Allah. The move followed growing public […]
₦58.47tr 2026 Budget Passes Second Reading in Senate
The Senate has passed the ₦58.47 trillion Appropriation Bill for the 2026 fiscal year for second reading following a debate on its general principles during plenary. President of the Senate, Godswill Akpabio, also announced that the upper chamber would adjourn its sitting until January 27, 2026. Read Also: Rivers Assembly Resumes Plenary After Six Month […]
New Tax Laws Will Take Effect January 1 – FG
The Federal Government has insisted that the implementation of the newly enacted tax laws will take effect from January 1, insisting that there has been no change to the version signed into law. The Minister of Information and National Orientation, Mohammed Idris, clarified in Abuja amid public controversy over reports that the gazetted copy of […]
Oyedele Clarifies Controversy Over Alleged Changes to Tax Laws
Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has warned that failure to implement Nigeria’s new tax laws by January 1, 2026, would leave most Nigerians worse off. Speaking on national television, Oyedele said about 98 per cent of workers would continue to suffer multiple taxation if the reforms are delayed. According […]
Dangote Refinery Begins Nationwide PMS Sales at N739/Litre
Dangote Petroleum Refinery has launched the sale of Premium Motor Spirit at a pump price of N739 per litre, making the product available at all MRS Oil Nigeria plc filling stations nationwide. With over 2,000 MRS stations nationwide, the reduced pricing is expected to benefit consumers across the country, marking a major step in the […]
World Bank approves $500m MSME finance package for Nigeria
The World Bank has approved a $500 million financing package to expand access to finance for micro, small, and medium enterprises in Nigeria under the Fostering Inclusive Finance for MSMEs in Nigeria project. In a press release issued by the World Bank in Nigeria on Saturday, the global lender announced that the approval encompasses a […]
Federal Executive Council Okays 2026 budget
The Federal Executive Council (FEC) has approved the 2026 Budget, paving the way for its presentation to a joint session of the National Assembly this afternoon by President and Commander-in-Chief of the Armed Forces, Bola Ahmed Tinubu. The President’s Special Assistant on Social Media, Dada Olusegun, disclosed this in a brief statement on his X […]
Zamfara Gov. Lawal Signs ₦871.3bn 2026 Budget into Law
Zamfara State Governor, Dauda Lawal, has signed into law the ₦871.3 billion 2026 Appropriation Bill following its approval by the State House of Assembly. The governor signed the bill shortly after it was passed by the lawmakers. Lawal had earlier presented a proposed ₦861.3 billion budget to the assembly on December 4. The House Committee […]
NMDPRA MD Farouk Ahmed Resigns Amid Corruption Allegations from Aliko Dangote
Farouk Ahmed has resigned as Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, following corruption allegations raised by Aliko Dangote, Chairman of the Dangote Group. Presidential spokesperson Bayo Onanuga confirmed Ahmed’s resignation in a statement revealing that Gbenga Komolafe had stepped down as Chief Executive Officer of the Nigerian Upstream […]
Reps Raise Alarm Over Alleged Alteration of Passed Tax Bills
A member of the House of Representatives, Abdussamad Dasuki, has alleged that the gazetted version of newly passed tax laws differs from the harmonised bills approved by both chambers of the National Assembly. Raising the matter under privilege during plenary, Dasuki said his review of the gazetted copy, alongside the votes and proceedings of the […]