Tinubu Rejects Two NASS Bills Citing Constitutional Issues President Bola Tinubu on Thursday declined assent to two bills passed by the National Assembly, citing constitutional concerns and defects that require correction before the proposed legislation can become law. The Senate was notified of the President’s decision...

Senate Approves Customs’ N1.3trn Budget, N11trn Revenue Target   The Senate on Wednesday approved the 2026 budget proposal of the Nigerian Customs Service, endorsing a revenue target of N11.074tn and an expenditure estimate of N1.295tn for the 2026 fiscal year. The approval followed the consideration and adoption...

Inflation Risks Nigeria’s Poverty Reduction Progress – IMF   The International Monetary Fund (IMF) has warned that rising prices of essential goods could deepen poverty and worsen food insecurity in Nigeria despite recent improvements in the country’s macroeconomic stability. The warning was contained in the IMF’s July...

FG Raises Domestic Borrowing by 241%   As part of the Federal Government (FG) borrowing plan for the 2026 budget, the Central Bank of Nigeria (CBN) has issued Treasury Bills, TBs, to raise N5.8 trillion in the third quarter of 2026 (Q3’26). This represents a 241 percent...

Debt: Foreign Airlines, Companies Owe NAMA Over N67bn   Foreign airlines and other organisations owe the Nigerian Airspace Management Agency (NAMA) more than N67bn in unpaid charges, a debt burden that is deepening the financial strain on the country’s air navigation service provider and threatening industrial...

Nigeria’s Inflation Hits 15.93% Amid Oil Shocks – Report   Nigeria’s hard-fought, 11-month disinflation streak officially ground to a halt in March 2026, as a fresh wave of global energy disruptions forced headline inflation back on an upward trajectory, ultimately hitting 15.93 per cent in May. This...