Tinubu's ₦58.18tr 2026 Budget Targets Security, Economy
President Tinubu presents a massive ₦58.18 trillion 2026 budget, declares all armed non-state actors as terrorists, and outlines plans for economic consolidation. Read the full details.
Category : Search result: state VAT allocation
Tinubu Tells Governors To Hand Over LG Allocations
President Bola Tinubu has ordered state governors to comply with the Supreme Court judgement and directly fund local governments. He also reaffirmed plans for state police. Read the full story.
IBEDC Blames Outages on Reduced Grid Supply
IBEDC apologises for prolonged power outages in Oyo, Ogun, Osun, and Kwara, citing reduced allocation from the national grid. The company is engaging with TCN for a solution. Read more.
IBEDC Blames Power Outages on Reduced Grid Supply
IBEDC attributes prolonged power outages in its franchise area to reduced allocation from the national grid. The company is engaging TCN for a solution while cracking down on energy theft.
Oborevwori Signs N1.729 Trillion 2026 Budget Into Law
Delta State Governor Sheriff Oborevwori has signed the N1.729 trillion 2026 budget, a 70% increase focused on capital projects. He also enacted laws on social investment, education, and security.
Okpebholo presents ₦939.85bn 2026 budget to Edo Assembly
Governor Monday Okpebholo presents a ₦939.85 billion 2026 Appropriation Bill focused on security, infrastructure, and job creation. See the full breakdown of Edo State's 'Budget of Hope and Growth'.
FG, States, LGs Share N1.9trn as FAAC Allocation Drops
The Federation Account Allocation Committee (FAAC) distributed N1.928 trillion for November 2025, a significant drop from October. See the full breakdown for FG, states, and LGs.
FAAC Revenue Falls by N428bn, N1.93trn Shared
FAAC reports a sharp N427.969bn drop in November revenue, sharing N1.93 trillion among FG, states, and LGs. Key taxes see substantial declines. Read the full breakdown.
Supreme Court Dismisses Osun's LG Funds Suit
Nigeria's Supreme Court has dismissed Osun State's suit to compel the Federal Government to release withheld local government allocations. Read the full details and implications of the verdict.
Govt Cuts Corporate Tax, Offers N3.4trn Relief to Businesses
The Federal Government has announced major fiscal reforms, cutting corporate income tax to 25% and offering N3.4 trillion in VAT relief to stimulate investment and support the private sector. Read more.
Aviation Experts Warn of Job Losses from 2026 Tax Reforms
Nigerian aviation experts warn new tax reforms from January 2026 could slash sector GDP by 20% and cut 30% of jobs. Learn the risks and calls for government intervention.
Fubara Recalls 1,000 Teachers After Assembly Pressure
Governor Siminalayi Fubara has approved the recall of 1,000 teachers employed in 2023 following pressure from the Rivers State Assembly over poor school conditions. Read the full story.
MTN Network Outage Hits Three Northern States
MTN Nigeria alerts customers to a service disruption affecting 2G, 3G, and 4G networks in Kebbi, Zamfara, and Sokoto states due to a fibre cut. Engineers are working to restore connectivity. #MTN #NetworkOutage #Nigeria
Tesla Sets New Sales Record in Norway
Tesla's sales surge 34.6% in Norway, setting a new annual record, while facing a sharp decline across the EU. Read about the factors driving this Nordic success story.
Rivers 2026 Budget: Education Gets Top Priority
Governor Siminalayi Fubara vows to tackle the state's poor school infrastructure, allocating the biggest portion of the 2026 budget to education. Read his full plan for reform.
Manufacturing Tops Nigeria's VAT Revenue in H1 2025
Nigeria's manufacturing sector contributed N584.63bn to VAT revenue in the first half of 2025, leading all sectors despite economic challenges. Read the full NBS report analysis.
SW States Assure Security During Yuletide Season
Joint security stakeholders from Oyo, Ogun, Lagos, and Osun states reassure residents of adequate security during yuletide. Enhanced patrols and intelligence sharing promised.
98% of Nigerian Workers Exempt from Income Tax by 2026
Tax reforms chairman Taiwo Oyedele reveals 98% of Nigerian workers will be exempt from personal income tax starting January 2026. Small businesses also get VAT relief. Learn how this affects you!
98% of Nigerian Workers Exempt from Income Tax
Nigeria's new tax reforms will exempt 98% of workers from personal income tax starting January 2026. Learn how SMEs and low-income earners benefit from VAT exemptions and other incentives.
VAT hits N2.06 trillion in Q2 2025, 7th consecutive rise
Nigeria's VAT collections surge to N2.06 trillion in Q2 2025, recording seventh consecutive quarterly growth since economic reforms. Manufacturing leads sectoral contributions with 27.19% share.
VAT collections hit N2.06tr in Q2, 7th consecutive rise
Nigeria's VAT revenue surges to N2.06 trillion in Q2 2025, marking a 32.15% year-on-year increase and the seventh consecutive quarterly rise since economic reforms began.
Ebonyi Projects N469.9bn FAAC Revenue in 2026 Budget
Governor Francis Nwifuru presents Ebonyi's largest-ever budget of N884.86bn, with 84.7% for capital projects. Strategic focus on industrialization and infrastructure development for economic growth.
Rivers Police Deny Fulani Herdsmen Attack Rumors
Rivers State Police dismiss viral social media claims of Fulani herdsmen attacks as false. Authorities urge public to disregard unverified content and maintain peace.
Economic Triangle Proposed for S/South, S/East States
My-ACE China urges Rivers, Akwa Ibom, and Abia governors to create an economic corridor that could rival Lagos. The proposed triangle would leverage ports, fabrication capacity, and blue economy potential.
Oyo Governor Presents N891bn 2026 Budget to Assembly
Oyo State Governor Seyi Makinde presents N891 billion 2026 budget, focusing on infrastructure and education. 56.7% allocated to capital projects. Read details of the economic expansion plan.
APC Chieftain Questions Abia's N49bn Monthly Revenue
APC chieftain Obinna Oriaku challenges Governor Alex Otti to provide transparency on Abia's N49bn monthly revenue and questionable expenditures. Read full details.
FG Clarifies Tax Law Misconceptions for 2026
Federal Government clarifies misconceptions about new 2026 tax reforms. Most Nigerians will pay less or no tax. VAT removed from food, education, healthcare.
Makinde Presents N891.9bn 2026 Budget to Oyo Assembly
Oyo State Governor Seyi Makinde presents a N891.9bn 2026 budget focused on economic expansion. The proposal allocates 56.7% to capital projects, with infrastructure and education as top priorities.
KACRAN condemns school kidnappings in Kebbi, Niger
Kulen Allah Cattle Rearers Association strongly condemns kidnapping of students in Kebbi and Niger States, appeals for immediate release and praises Tinubu's response to crisis.
Ogun Governor Warns Traditional Rulers on Land Allocation
Ogun State Governor Dapo Abiodun prohibits traditional rulers from allocating land to non-indigenes without due process. New security measures announced to combat crime and protect communities.
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