FG Moves to Ease Tax Reform Implementation   The Federal Government has issued transition guidelines for the implementation of the Tax Acts 2025, clarifying how taxpayers, tax authorities and other stakeholders should manage obligations arising from the migration from the...

NEC Cuts Flood Prevention Fund by 50%, Approves N83bn   The National Economic Council (NEC) on Thursday approved N83.21bn for the implementation of an Anticipatory Action Task Force to mitigate the impact of flooding and other climate-related disasters nationwide. This came as...

FG Sets Up N500bn Emergency Security Fund to Combat Banditry   About N500bn was deducted from the Federation Account Allocation Committee (FAAC) revenue for May 2026 to fund a national security emergency intervention, multiple sources familiar with the development said. The deduction...

Tinubu Aims for 5 Million Jobs from Nigeria's Blue Economy   President Bola Tinubu on Wednesday reaffirmed Nigeria’s commitment to unlocking the economic potential of its oceans, saying the country is targeting five million new ocean-based jobs while seeking stronger African...

Dangote Refinery Slashes Diesel, Jet Fuel Prices   The Dangote Petroleum Refinery has lowered its gantry prices for Automotive Gas Oil (diesel) and Aviation Turbine Kerosene (jet fuel). According to data from Petroleumprice.ng, the Dangote refinery reduced the diesel gantry price by...

FG Stops Stamp Duty Deductions by MDAs   The Federal Government has directed all Ministries, Departments and Agencies (MDAs) to immediately discontinue the deduction of one per cent stamp duty from payments made to contractors, vendors, suppliers and service providers, citing...