N5.6trn Debt Threatens Energy Supply as Gas Firms Cut Supply
Nigeria faces the threat of nationwide blackouts as gas companies reduce their supply to power plants due to an outstanding N5.6 trillion debt owed to power generation companies.
The development has raised concerns about the stability...
Telecom Users Rejoice as FG Drops Levy 5%
The Federal Government has abolished the five per cent excise duty previously imposed on telecommunications services, including voice calls and data usage, in a move expected to ease cost pressures on millions of Nigerians.
The National Orientation Agency...
2025 Budget Execution Set to Begins in September – FG
The Federal Government has announced that the implementation of the 2025 national budget will begin by the end of September, as execution of the 2024 fiscal plan winds down.
This was disclosed by the Director-General of...
The Federal Government’s major tax reform laws, enacted on June 26, 2025, have officially been published in the government’s Gazette, marking a significant milestone in the country’s fiscal policy framework.
The Federal Government has dismissed claims that a new 5 percent surcharge on fuel has been introduced, clarifying that the provision has existed since 2007 under the Federal Roads Maintenance Agency (FERMA) Act.
No ₦500 Fuel Surcharge in January 2026 — Taiwo Oyedele
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr. Taiwo Oyedele, has dismissed reports suggesting that Nigerians will begin paying a ₦500 surcharge on fuel purchases starting January 2026.
Oyedele, in a statement...
