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Nigeria has best return on investments, Tinubu tells Indian investors
Finance

Reps pass Tinubu’s ₦58.18trn 2026 appropriation bill

The House of Representatives, on Thursday, approved President Bola Tinubu’s 2026 Appropriation Bill, endorsing a proposed N58.18 trillion budget anchored on macro-economic stability, enhanced security, and increased capital expenditure. The budget, christened “The Budget of Consolidation, Renewed Resilience and Shared Prosperity,” was presented to the National Assembly on December 19, 2025, and described by lawmakers […]

featured News

Reps reject minority caucus tax laws probe report

The House of Representatives has rejected the report of an ad hoc committee constituted by the minority caucus to re-examine the recently enacted tax laws, stating that the action is procedurally improper and lacks official parliamentary backing. In a statement issued on Saturday by its spokesman, Akin Rotimi, the lower chamber explained that under its […]

featured Policy and Regulations

Reps caucus probes alleged altered tax laws

The minority caucus of the House of Representatives has set up a seven-member committee to investigate allegations that the recently assented tax reform laws were altered after they were passed by the National Assembly. The committee is chaired by the lawmaker representing Ogbaru Federal Constituency of Anambra State, Afam Ogene, and has been mandated to […]

Finance

Why we repealed 2024, 2025 budgets — Reps spokesperson

The Deputy Spokesperson of the House of Representatives, Hon. Philip Agbese, has explained that the decision by the House to repeal and re-enact the 2024 and 2025 Appropriation Acts was taken to align Nigeria’s budgeting framework with global best practices, promote transparency, and address persistent implementation challenges. Agbese made this known during an interview on […]

Economy

Tinubu seeks annulment, extension of 2024, 2025 budgets

President Bola Tinubu has asked the House of Representatives to repeal and re-enact the 2024 and 2025 Appropriation Acts and to extend the implementation of the 2025 budget to 31 March 2026. The request was contained in a letter written by the President and read on the floor of the House on Friday by the […]

Electricity featured

Reps blame DisCos for poor electricity supply 13 years after privatisation

The House of Representatives Ad-hoc Committee investigating expenditure in Nigeria’s power sector has accused electricity Distribution Companies of shortchanging Nigerians and failing to fulfil the promises that led to the privatisation of the industry 13 years ago. The allegations were raised on Thursday during the resumed investigative hearing of the committee, where officials of the […]

Policy and Regulations

Reps probe allegedly altered tax reform laws

The House of Representatives officially formed an Ad-Hoc Committee on Thursday to investigate reported inconsistencies between the tax reform bills passed by the National Assembly and the official gazetted version currently being distributed to government agencies. This development follows a motion raised during Wednesday’s plenary by Abdussamad Dasuki, the representative for Kebbe/Tambuwal Federal Constituency of […]

Crude oil
Oil and Gas

Reps suspend 2026-2028 MTEF over inconsistent oil prices

The House of Representatives has halted its review of the 2026–2028 Medium-Term Expenditure Framework and Fiscal Strategy Paper. This decision followed a disagreement among lawmakers regarding the proposed adjustments to crude oil price assumptions, which serve as the foundation for the federal government’s revenue and spending blueprints. The framework was presented during Wednesday’s plenary by […]

News

Reps order suspension of COVID-19 loan deductions

The House of Representatives has directed the Central Bank of Nigeria, NIRSAL Microfinance Bank, and the Federal Ministry of Finance to immediately suspend all deductions on COVID-19 intervention loans and grant total waivers for outstanding loans owed by vulnerable households and micro-businesses. The directive followed a motion of urgent public importance sponsored by Saidu Musa […]

Finance

Tinubu submits 2026-2028 MTEF to Reps

President Bola Tinubu has submitted the 2026–2028 Medium-Term Expenditure Framework and Fiscal Strategy Paper to the House of Representatives, seeking the legislature’s approval. During Wednesday’s plenary, the letter from Tinubu was read by Deputy Speaker Benjamin Kalu, who presided over the session, urging lawmakers to consider the documents promptly. “It is with pleasure that I […]

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