Category: Finance

States plan N4.3tn borrowing to fund 2026 budgets

Ten Nigerian states are planning to raise about N4.287tn from loans, bonds, grants, capital receipts...

NDDC defends N1.75trn 2026 budget as Senate plans project inspection

The Niger Delta Development Commission on Tuesday presented a N1.75 trillion budget proposal for the...

New tax laws will take effect as planned, Tinubu insists

President Bola Tinubu has declared that the implementation of Nigeria’s newly enacted tax laws will...

NAICOM rules out extension of insurance recapitalisation deadline

The National Insurance Commission has reiterated that it will not extend the ongoing recapitalisation deadline...

Education tops as Zulum presents N890bn budget to Borno Assembly

Borno State Governor, Babagana Umara Zulum, on Monday presented a budget proposal of N890,331,686,000.00 for...

Nigeria must diversify exports to lessen growing debts — W’Bank

The World Bank has warned that Nigeria and other Sub-Saharan African countries must pursue export...

New tax ID portal to go live January 2026 — JRB, NRS

The Joint Revenue Board, formerly known as the Joint Tax Board, alongside the Nigerian Revenue...

50 exemptions, reliefs for Nigerians in new tax reform

Nigeria’s new tax reform laws, scheduled to take effect from 1 January 2026, introduce wide-ranging...

FAAC, loans dominate govs’ funding plans for 2026 budget

State governments are heading into 2026 with expansive spending plans, but weak internally generated revenue...

States, LGs cut bank debt by ₦547.5bn

States and local government councils reduced their bank borrowings by about N547.52bn within one year...

Tax laws not perfect, would be reviewed periodically — Oyedele

Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has said...

Why we repealed 2024, 2025 budgets — Reps spokesperson

The Deputy Spokesperson of the House of Representatives, Hon. Philip Agbese, has explained that the...