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.
Category : Search result: Presidential Committee on Fiscal Policy
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.
Controversy Hounds Nigeria's 2026 Tax Reform Implementation
Nigeria's ambitious tax reforms set for January 2026 face fierce opposition over alleged post-passage alterations, constitutional breaches, and public mistrust. Will the promises hold?
Wike-Led PDP Faction Dissolves 14 State Excos
The Nyesom Wike-backed PDP Caretaker Committee has dissolved 14 state executives and announced fresh congresses for January 2026. Get the full list of affected states and details.
Fubara: 70% Mobilisation for Tinubu's 2027 Bid Done
Rivers State Governor Siminalayi Fubara declares strong grassroots support for President Bola Tinubu ahead of 2027, claiming 70% of the job is complete. Read the full details.
Reps, Senate Differ on 2026 Oil Benchmark in MTEF
The House of Representatives has approved a $64.85 per barrel oil price benchmark for 2026, diverging from the Senate's $60. Get the full details on the MTEF/FSP projections and budget implications.
PDP Caretaker Committee Dissolves 14 State Excos
The PDP's National Caretaker Committee has dissolved party executives in 14 states, reaffirming Abdulrahman Mohammed's leadership. State congresses are set for January 2026. Read the full details.
Bank of England Cuts Interest Rate to 3.75%
The Bank of England has cut its key interest rate to 3.75% after UK inflation eased faster than expected. Governor Andrew Bailey confirmed the move, marking the sixth reduction since August 2024. Read more for the full analysis.
Nigeria's Debt, Salaries Exceed Revenue in 2025
Nigeria's Federal Government spent more on debt servicing and salaries than it earned in 2025's first seven months, with a N10.19tn revenue shortfall. Oil earnings slumped over 60%. Read the full analysis.
Tinubu Presents 2026 Budget to National Assembly
President Bola Tinubu presents the N54.4 trillion 2026 budget to lawmakers. He also seeks to repeal the 2024 budget to fix overlaps. Read full details on the fiscal plans.
Tinubu Presents 2026 Budget to National Assembly Friday
President Bola Tinubu will present the 2026 Appropriation Bill to a joint session of the National Assembly on Friday, December 19, 2025. Read details on security protocols and the event's significance for Nigeria's fiscal calendar.
Tinubu Presents 2026 Budget to National Assembly Friday
President Bola Tinubu will present the 2026 Appropriation Bill to a joint session of the National Assembly this Friday. Get the full details on the schedule and security protocols for the key fiscal event.
Edun Contradicts Tinubu on 2025 Revenue Figures
Finance Minister Wale Edun reveals a N30 trillion revenue shortfall, contradicting President Tinubu's claim of meeting the 2025 target. Details on the budget deficit and borrowing plans inside.
Reps Committee Denies Extorting JAMB, Refunds N62.7M
The House of Representatives committee has denied allegations of extorting JAMB, revealing it refunded N62.7 million twice. Get the full details on the oversight controversy and the cleared air.
Nigeria's Mother Tongue Education Policy Revoked
The Federal Government's controversial cancellation of the 2022 National Language Policy sparks outrage. Education stakeholders demand reversal, citing threats to Nigeria's linguistic heritage and flawed reasoning.
Turaki-led PDP meets ex-govs, ministers, vows comeback
PDP National Chairman Kabiru Turaki convened a strategic meeting with former governors and ministers, pledging to reconnect with Nigerians and reclaim power at all levels. Read the party's plan.
Senate Passes N54.46 Trillion MTEF, Natasha Questions FG
The Nigerian Senate has approved the 2026-2028 MTEF with a N54.46 trillion spending plan. Senator Natasha Akpoti-Uduaghan challenged the FG's vague plan to 'mop up' funds for the private sector. Read the full details.
Senate Okays MTEF, Paves Way for ₦54.4tr 2026 Budget
The Nigerian Senate has approved the 2026-2028 MTEF, enabling President Tinubu to present a historic ₦54.4 trillion budget. Key fiscal parameters set the stage for the national spending plan. Read the full details.
Senate Approves Three New Ambassadors for Nigeria
The Nigerian Senate has approved three ambassadorial nominees, including former intelligence chiefs. Learn about their backgrounds and the Senate's unanimous endorsement.
DMO to States: Comply with Fiscal Responsibility Act on Loans
The Debt Management Office has urged state governments to strictly adhere to the Fiscal Responsibility Act when borrowing. DMO DG Patience Oniha says compliance is non-negotiable for sustainable public finance. Read more.
CBN Gets Deadline to Account for N5.2tr Unremitted Funds
The House of Reps Public Accounts Committee has ordered the CBN to reconcile N5.2 trillion in unremitted operating surplus by January 19, 2026. Get the full details on the fiscal accountability probe.
Reps summon 3 DisCos over N100bn debt to FG
The House of Representatives Public Accounts Committee has summoned IBEDC, BEDC, and PHEDC over an alleged N100 billion debt. The companies have 72 hours to appear or face sanctions. Read more.
Federation Account Hits N23trn in 10 Months
Revenue inflows into Nigeria's Federation Account surged to N23.06 trillion in the first ten months of 2025, driven by fiscal reforms and digital tracking. Learn about the growth and the new tax law.
Bank of Japan Set for Major Rate Hike to 30-Year Peak
The Bank of Japan is expected to raise interest rates to their highest level since 1995, a move that could intensify debt market volatility and impact the weak yen. Read the full analysis.
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.
Senate Condemns Multiple Budgets, Raises FIRS Target
Nigerian Senate criticizes multiple budgets in one year, pushes FIRS revenue target to N35 trillion for 2026. Details on the N30tr shortfall and fiscal reforms.
N66.42tr Hits Federation Account in 3 Years
Nigeria's Federation Account gross inflows hit N66.42 trillion from 2023 to Oct 2025, driven by fiscal reforms. RMAFC Chairman cites economic progress despite citizens' concerns. Read full analysis.
Content Creator DonAza Rejects FG Tax Training Invitation
Popular Nigerian content creator DonAza publicly rejects a federal government invitation for tax law training, questioning the recognition compared to Reno Omokri's ambassadorial nomination. Read full details and public reactions.
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