State Debt Rises by N94.79bn in Three Months
Nigeria's 36 states and FCT saw domestic debt rise to N3.96tn in Q2 2025. Experts warn of a structural crisis as debt servicing eats into funds for health and education. Read the full analysis.
Category : Search result: Fiscal Responsibility Act
Zulum Presents 2026 Borno Budget to State Assembly
Borno Governor Babagana Zulum presents the 2026 budget proposals to the State Assembly, setting fiscal priorities with a focus on education and healthcare. Stakeholders urged to attend.
Tax Reforms on Track for January 1 Implementation
The Federal Government confirms Nigeria's major tax reform laws will take effect as scheduled on January 1, 2026. The changes promise relief for 98% of workers and 97% of small businesses. Get the full details.
Why House Repealed 2024, 2025 Budget Acts - Agbese
The House of Representatives has clarified its repeal of the 2024 and 2025 Appropriation Acts, aiming to align Nigeria's budget with global standards and end multiple budgets by 2026. Read the full details.
Reps Explain Repeal of 2024, 2025 Budget Acts
The House of Representatives clarifies the repeal of the 2024 and 2025 Appropriation Acts, aiming for a single national budget by April 2026 to enhance transparency and fiscal discipline. Learn about the reforms.
Segilola Resources Celebrates Christmas with Host Communities
Segilola Resources, operator of Nigeria's first commercial gold mine, capped an impactful year with a festive celebration for over 2000 children in Osun State. The event highlights the company's commitment to sustainable community development and social w
LCCI: N15.52tr Debt Service a Huge Fiscal Burden
LCCI warns Nigeria's N15.52 trillion debt service allocation threatens economic stability. DG Chinyere Almona calls for stricter borrowing, revenue mobilisation. Read the full analysis.
January Tax Reforms Face Uncertainty Over Alteration Claims
Nigeria's planned January tax reforms face mounting opposition from lawmakers, labour, and civil society over allegations of unauthorised alterations. Calls grow for suspension pending investigation. Read more.
Senate Passes N58.47trn 2026 Budget, Revises 2024-25 Plans
Nigeria's National Assembly passes N58.47 trillion 2026 budget, approves revised N43.56trn and N48.31trn for 2024 and 2025, extending capital implementation to March 2026. Read the full details.
Consulting Firm's CSR Reaches Apapa Community
ECOVIS OUC Chartered Accountants supports Apapa with festive rice and cash gifts. Read how this CSR initiative aids vulnerable households during economic pressure.
Nigeria's Oil Revenue Falls 64% Short of Target in Q1 2025
The Federal Government's Q1 2025 budget report reveals a massive N8.21 trillion shortfall in oil revenue and a N3.04 trillion fiscal deficit. Discover the key figures and causes behind this critical shortfall.
House Passes Revised N43.56tr, N48.31tr Budgets
Nigeria's House of Representatives approves revised 2024 and 2025 budgets, extending capital spending to March 2026. Key details on allocations and fiscal reforms inside.
House Passes Revised 2024, 2025 Budgets
Nigeria's House of Representatives approves revised N43.56tr 2024 and N48.31tr 2025 budgets, extending capital implementation to March 2026. Read the full breakdown of allocations and fiscal reforms.
DMO Issues Fresh Warning to States Over Borrowing Rules
The Debt Management Office urges state governments to strictly comply with borrowing laws to avoid loan approval delays. Learn the key guidelines for responsible debt management.
Groups equip blind students with study kits, walking aids
The Society for the Welfare of the Blind, backed by SC Johnson, provided essential tools to visually impaired students in Lagos to mark the International Day of Persons with Disabilities. Read how this initiative is changing lives.
Obi Reframes $5m School Fees as National Moral Test
Peter Obi shifts the Dangote-Farouk debate to Nigeria's education inequality, showing how $5m could build 25 schools for 6,000 students. A call for public conscience.
Presidency Denies Discrepancies in New Tax Laws
The Presidency has dismissed claims of alterations in the new tax laws signed by Tinubu. Taiwo Oyedele calls reports 'false and misleading' as controversy grows ahead of the January 2026 implementation.
ADC: 2026 Budget Built on Quicksand, More Debt
The African Democratic Congress (ADC) criticizes Tinubu's 2026 budget proposal, calling it fiscally reckless and a debt trap that mortgages Nigeria's future. Read their full analysis.
Tax Reforms Delay Will Keep 98% of Workers Overtaxed - Oyedele
Taiwo Oyedele warns that failure to implement new tax laws by January 1, 2026, will leave 98% of Nigerian workers overtaxed. He urges targeted amendments, not suspension.
Swiss Court Admits Climate Case Against Cement Giant
A Swiss court will hear a landmark case where Indonesian islanders sue Holcim for climate damage. This pivotal lawsuit could set a precedent for holding corporations accountable globally.
Fiscal Indiscipline Fuels Nigeria's Budget Chaos
President Tinubu pushes non-performing budgets as weak parliament enables fiscal rascality. Analysis reveals alarming gaps in governance and unrealistic revenue targets. Read more.
Tinubu Cuts 2025 Budget, Presents N58.18tr 2026 Plan
President Tinubu moves to slash 2025 budget by over N6 trillion, presents N58.18 trillion 2026 estimates, and declares armed non-state actors as terrorists. Details on fiscal reforms and security measures.
Delta IGR up 90%, Hits N158bn Under Oborevwori
Governor Sheriff Oborevwori reports a 90% IGR surge to N158bn, zero borrowing for major projects, and outlines Delta's infrastructure transformation. Read the full story.
Lawmakers Must Revisit Beverage Excise Bill, Experts Warn
Analysis reveals the proposed Customs, Excise and Tariff Amendment Bill lacks Nigeria-specific evidence, risks 1.5 million jobs, and contradicts fiscal stability goals. Lawmakers urged to pause for broader consultation.
PINL Gives Free Medical Care, Palliatives to 800 in Niger Delta
PINL security firm provides free medical outreach and palliatives to over 800 persons in Bayelsa host communities. The initiative aims to secure pipelines and mitigate flooding impacts. Read more.
HELLO Energy Decorates Anambra Community for Yuletide
HELLO Energy Ltd. has illuminated Onitsha's Fegge Roundabout with festive lights, bringing holiday joy to Anambra. The CSR project supports Governor Soludo's vision. Read more.
NASS Vows Strict Scrutiny of 2026 Budget Proposal
The National Assembly promises strict oversight of the 2026 budget, using lessons from 2025's challenges. Speaker Abbas calls for fiscal realism and a single budget framework. Read more.
Tinubu: Nigeria to end multiple budgeting by March 2026
President Bola Tinubu announces Nigeria will terminate its multiple budget practice by March 31, 2026, shifting to a single, transparent annual budget system to curb abandoned projects.
Tinubu: Nigeria to end multiple budgets by March 2026
President Bola Tinubu announces Nigeria will terminate its multiple budgeting practice by March 31, 2026, shifting to a single, revenue-driven annual budget to curb abandoned projects.
Tinubu Seeks Extension of 2025 Budget to March 2026
President Bola Tinubu requests National Assembly approval to extend the 2025 budget to March 2026, aiming for full 30% capital release to MDAs. Read the details of the fiscal reforms.
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