2026 Budget: Tinubu Pegs Revenue At ₦34.33Trn, Expenditure At ₦58.18Trn

EconomyNewsNigeriaPolitics2026 Budget: Tinubu Pegs Revenue At ₦34.33Trn, Expenditure At ₦58.18Trn

Uzoamaka Ikezue (Staff Reporter)December 19, 2025

… Says New Tax Laws Will Broaden Base, Boost Non-Oil Revenues – Abbas President Bola Ahmed Tinubu on Friday presented before a joint sitting of the National Assembly the 2026 Appropriation Bill, which he described as a “Budget of Consolidation, Renewed Resilience and Shared Prosperity.” The proposal estimates total revenue at ₦34.33 trillion, while total expenditure is put at ₦58.18 trillion, including ₦15.52 trillion earmarked for debt servicing. Capital spending is projected at ₦26.08 trillion,...

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Corruption Allegation: Activist Says Farouk’s Resignation Not Enough

NewsNigeriaPoliticsCorruption Allegation: Activist Says Farouk’s Resignation Not Enough

Uzoamaka Ikezue (Staff Reporter)December 19, 2025

A political activist and international affairs leader, Comrade Timi Frank has hailed the resignation of Engr. Farouk Ahmed, former Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) but insisted that stepping aside shouldn’t bring closure to the allegation of corruption against him. Recall that Farouk resigned on Wednesday as the CEO of NMDPRA and President Bola Tinubu has also named his replacement. “Resignation isn’t an admission of guilt, it’s only the first...

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IMPI Says 14% Year-End Inflation Forecast Hinges On Tinubu’s Reforms

EconomyNewsNigeriaIMPI Says 14% Year-End Inflation Forecast Hinges On Tinubu’s Reforms

Uzoamaka Ikezue (Staff Reporter)December 19, 2025

The Independent Media and Policy Initiative (IMPI) attributes its successful forecast of a 14 percent inflation rate by the end of the year to a painstaking analysis of President Bola Tinubu’s economic policies over the last year. ‎ IMPI chairman, Dr Omoniyi Akinsiju, in a press statement on Thursday argued that while the President projected an ambitious 15% inflation rate in his 2025 budget speech, its analysts were convinced in September that the country would...

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Court Stops APC, INEC From Enforcing Resolution Against Cross River Chairman

NewsNigeriaPoliticsCourt Stops APC, INEC From Enforcing Resolution Against Cross River Chairman

Uzoamaka Ikezue (Staff Reporter)December 19, 2025

The High Court of the Federal Capital Territory (FCT), Abuja, has restrained the All Progressives Congress (APC), the Independent National Electoral Commission (INEC) and other defendants from giving effect to a resolution allegedly aimed at removing or sidelining the Cross River State Chairman of the party, Hon. Alphonsus Ogar Eba. Justice J. E. Obanor issued the interim orders on December 18, 2025, while sitting at Court 26, Jabi, Abuja, in a suit marked FCT/HC/CV/5197/2025, filed...

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Nigerian Workers Protest Against Insecurity

BusinessNewsNigeriaNigerian Workers Protest Against Insecurity

Hassan Umar Shallpella (Regional Correspondent)December 18, 2025

Ahead of the Christmas and New Year festive period, members of the Nigeria Labour Congress (NLC) took to the streets across the 36 states of the federation and the Federal Capital Territory (FCT) on Wednesday, protesting against the insecurity that has bedeviled the country. The protest, which commenced as early as 8 am in the nation’s capital, was led by the President of NLC, Joe Ajaero, accompanied by the former presidential candidate of the African...

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Burkina Faso Releases Detained Nigerian Soldiers After Tinubu’s Diplomatic Intervention

AfricaNewsNigeriaPoliticsBurkina Faso Releases Detained Nigerian Soldiers After Tinubu’s Diplomatic Intervention

By Ezinwanne Onwuka (Senior Reporter)December 18, 20251

Burkina Faso has released the Nigerian soldiers who were detained after their aircraft made a forced landing in the Sahelian country nearly two weeks ago. The release followed a high-level diplomatic intervention ordered by President Bola Tinubu, who dispatched a Nigerian delegation led by the Minister of Foreign Affairs, Yusuf Tuggar, to meet with Burkina Faso’s junta leader, Ibrahim Traoré, on Wednesday. The talks were held in Ouagadougou, the capital of Burkina Faso. Confirming the...

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Tinubu to Present 2026 Budget to National Assembly on Friday

NewsNigeriaPoliticsTinubu to Present 2026 Budget to National Assembly on Friday

By Ezinwanne Onwuka (Senior Reporter)December 18, 2025

President Bola Ahmed Tinubu is scheduled to present the 2026 Appropriation Bill to a joint session of the National Assembly on Friday, 19 December 2025. A formal communication from the Presidency is expected to be read on the floor of the House of Representatives on Thursday, officially notifying lawmakers and National Assembly staff of the President’s appearance. The planned budget presentation is contained in a letter dated December 17, 2025, signed by Admiral Essien Eyo...

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Lawmaker Query Differences in Passed, Gazetted Tax Reform Act

NewsNigeriaPoliticsLawmaker Query Differences in Passed, Gazetted Tax Reform Act

By Ezinwanne Onwuka (Senior Reporter)December 18, 2025

A member of the House of Representatives, Abdussamad Dasuki, has raised concerns over what he described as serious discrepancies between the tax reform Act passed by the National Assembly and the version subsequently gazetted and made available to the public. Dasuki, who represents Kebbe/Tambuwal Federal Constituency of Sokoto State, raised the issue on Wednesday during plenary while speaking on a Point of Privilege under Order Six, Rule Two of the House Rules. A gazette is...

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Dangote Allegations Trigger Farouk Ahmed’s Exit from NMDPRA

NewsNigeriaPoliticsDangote Allegations Trigger Farouk Ahmed’s Exit from NMDPRA

By Ezinwanne Onwuka (Senior Reporter)December 18, 2025

The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engineer Farouk Ahmed, has resigned from office following a meeting with President Bola Tinubu at the Presidential Villa in Abuja. Ahmed’s resignation came amid allegations of corruption and economic sabotage levelled against him by billionaire businessman and President of Dangote Industries Limited, Aliko Dangote. President Tinubu had, on Wednesday, summoned Ahmed over the allegations, which were published in a paid advertisement...

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End Of Surprise: Niger State Governor Sacks All Special Advisers

NewsNigeriaPoliticsEnd Of Surprise: Niger State Governor Sacks All Special Advisers

Hassan Umar Shallpella (Regional Correspondent)December 17, 2025

In a surprise move as the year comes to a close, and as part of measures to restructure governance in Niger State, Governor Mohammed Umaru-Bago has announced the sacking of all his special advisers. Bago announced their termination of appointments during the maiden State Executive Council meeting with the newly sworn-in Commissioners in Minna, the capital of Niger State, on Tuesday, December 16, 2025. He said the decision was aimed at rejigging the advisers’ portfolios...

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