Economy
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JUST IN: National Assembly orders re-gazetting of tax laws
The National Assembly has ordered the re-gazetting of four major tax reform laws amid public controversy over alleged post-passage alterations, insisting the move is purely administrative and aimed at protecting the integrity of the legislative record. In a statement issued on Friday by the House of Representatives spokesperson, Akin Rotimi, the leadership of both chambers of parliament directed the Clerk…
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NNPC reaffirms commitment to peace, development, job creation in Ogoniland
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reaffirmed its dedication to promoting peace, dialogue, and responsible energy development in Ogoniland, Rivers State. This commitment was underscored by the Group Chief Executive Officer, Engr. Bashir Bayo Ojulari, during a visit by a federal government delegation on Monday. Describing the visit as “a demonstration of hope,” Ojulari highlighted it as…
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2026 budget could worsen Nigeria’s fiscal challenges, ADC warns
The African Democratic Congress (ADC) has criticised President Bola Tinubu’s proposed N58.18 trillion 2026 budget, describing it as a “copy and paste” of previous years’ spending plans. In a statement on Monday, ADC’s interim national publicity secretary, Bolaji Abdullahi, disclosed that the party’s economists reviewed the budget and concluded that, despite being presented as the “Budget of Consolidation, Renewed Resilience…
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Nigeria ready to defend citizens from insecurity – Information Minister
The Minister of Information and National Orientation, Mohammed Idris, has assured Nigerians that the country is fully prepared to protect its citizens from terrorists and other criminal elements, in strict compliance with globally accepted Rules of Engagement. Speaking at the End-of-Year Press Briefing on Monday at NICON Luxury Hotel, Abuja, Idris addressed concerns about the new counterterrorism doctrine, which classifies…
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FG unveils economic, security scorecards as year 2025 ends
By Kunle Sanni – The Federal Government of Nigeria, through the Minister of Information and National Orientation, Mohammed Idris, has announced its scorecard in the economic and security sectors for the year 2025. Speaking on Monday at the 2025 end-of-year press conference in Abuja, the minister, representing President Bola Ahmed Tinubu, presented a review of the administration’s performance in 2025…
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Oyedele clears air on altered tax laws
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, on Monday has addressed the controversy that the recently enacted tax reform laws, scheduled to take effect on January 1, 2026, were secretly altered after their passage by the National Assembly. Speaking on Channels Television’s Morning Brief, Oyedele dismissed claims circulating in the media as false. “Before…
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PHOTO NEWS: Ekpo tours Kilometre Zero of AKK Pipeline, hails NNPC, partners
The Honourable Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, on Thursday visited the starting point, or Kilometre Zero, of the landmark Ajaokuta–Kaduna–Kano (AKK) Gas Pipeline Project. He was accompanied by the Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, and the Company’s Executive Vice President for Gas, Power, and New Energy, Olalekan Ogunleye.…
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CBN directs banks to multi-factor authentication for foreign card spending above $200 daily
The Central Bank of Nigeria (CBN) has directed banks and non-bank acquirers to implement multi-factor authentication for foreign card transactions exceeding $200 per day. In a circular dated December 18 and signed by Rita Sike, director of the financial policy and regulation department, the CBN asked banks to implement the same authentication measure for transactions above $500 per week and…
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PDP rejects Tinubu’s ₦58.18trn 2026 budget, warns of renewed suffering
The Peoples Democratic Party (PDP) has rejected President Bola Tinubu’s 2026 budget proposal, describing it as a fiscal plan that will deepen economic hardship and “renew Nigerians’ suffering”. President Tinubu on Friday presented a ₦58.18 trillion budget estimate for the 2026 fiscal year to a joint session of the National Assembly. The appropriation bill, titled Budget of Consolidation, Renewed Resilience…
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Tinubu taking steps to stabilise economy, improve security — Information minister
The federal government has said the administration of President Bola Ahmed Tinubu is taking deliberate steps to stabilise Nigeria’s economy, strengthen national security and lay the foundation for long-term prosperity. The Minister of Information and National Orientation, Mohammed Idris, stated this on Friday night while addressing leaders and members of All Progressives Congress (APC) support groups at a dinner held…
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