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 old tax regime to 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 the Council held its 158th...

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 was made before the monthly...

FG Rules Out Fresh Taxes for Fuel, Telecom Sector   The Federal Government on Wednesday dismissed reports suggesting it had adopted or was considering the introduction of new taxes on telecommunications services and petroleum products following recommendations contained in the latest IMF Article IV Consultation Report...

The Federation Account Allocation Committee (FAAC) shared ₦2.3 trillion among the Federal Government, states, and local governments

Nigeria’s external reserves climbed by over $1 billion in the first half of June 2026, strengthening the country’s foreign exchange buffers, according to Central Bank of Nigeria (CBN) data.