News

Tinubu said the repeal and reenactment of the 2024-2025 appropriation bill  will end the practice of running multiple budgets simultaneously The House of Representatives on Wednesday swiftly passed the second reading of the N43.56 trillion Appropriation Repeal and Reenactment Bill 2024-2025 transmitted to the House by President Bola Tinubu. Tinubu said the repeal and reenactment of the 2024-2025 appropriation bill marked a pivotal step toward consolidating Nigeria’s fiscal framework and ending the practice of running...

Rep Dasuki has alleged discrepancies in the content of tax laws gazetted and those passed by the National Assembly A member of the House of Representatives, Rep. Abdulsamad Dasuki (PDP Sokoto), on Wednesday raised a matter of privilege during plenary over what he described as discrepancies between tax laws passed by the National Assembly and the version later gazetted and sold to Nigerians at the Ministry of Information. President Bola Tinubu‘s tax reform bills, transmitted...

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has revealed that the Federal government will record about N30trn 2025 revenue shortfall as oil earnings undermine budget projections The Federal Government has disclosed that it recorded a significant revenue shortfall in the 2025 fiscal year. The revenue aspirations projected to end the year 2025 is now pegged at ₦10.7 trillion, a shift from the projected ₦40.8 trillion aimed to finance the ₦54.9 trillion...

Relevant committees in the House of Representatives have been mandated to jointly interface with the Ministries of Defence and Foreign Affairs, as well as relevant intelligence agencies, to ensure the prompt resolution of all issues relating to the NAF aircraft and its crew in Burkina Faso The House of Representatives has expressed concern over the precautionary landing of a Nigerian Air Force (NAF) C-130 aircraft in Burkina Faso, warning that misinformation surrounding the incident could...

The House of Representatives joint committee on petroleum has summoned Dangote and NMDPRA Boss, order cessation of hostilities The House of Representatives joint committee on petroleum resources (downstream and midstream) has stepped in to stop rising tensions within Nigeria’s downstream petroleum sector. This follows public allegations and counter-claims between the Dangote Refinery group leadership and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The committees, led by Rep. Ikenga Imo Ugochinyere and Rep. Henry...