Tinubu Fires NMDPRA Chief Amid Jet Fuel Price Row Four months after his appointment, President Bola Tinubu has sacked the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) Saidu Mohammed. Mohammed’s removal is coming at a time when members of the Airline Operators of Nigeria are threatening...

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2027: Crowdfunding Boost as Senator Buba Purchases APC Governorship Form for Bauchi

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SPECIAL REPORT: How Nigeria’s Budget Keeps Rising in Trillions, But Implementation Stays Below 25%, by Lawal Dahiru Mamman

The 2025 federal budget was proudly called the “Budget of Restoration”. Valued at about ₦55 trillion, it promised major investments in security, roads, schools, hospitals, and agriculture among others.

CBN Maintains Restrictions on BDC Access to FX Market

The Central Bank of Nigeria (CBN) has maintained restrictions on Bureau De Change (BDC) operators’ access to the official foreign exchange market, citing compliance risks and past abuses.

Reps Approve $516m Loan for Sokoto–Badagry Superhighway

The House of Representatives has approved a $516 million external loan requested by President Bola Tinubu to fund sections of the Sokoto–Badagry Superhighway project.

Airlines Get 30-Day Credit Window for Fuel Payments

The Federal Government has moved to stabilise Nigeria’s aviation sector by capping jet fuel prices and granting airlines a 30-day credit window, following concerns over rising operating costs and potential flight disruptions.

Court Stops Telcos Suspension of Airtime Credit Services

Federal High Court orders in Abuja and Lagos restrained enforcement actions tied to new digital lending regulations.

Foreign Currency Taxes Surge to N6.33tn in 2025

Nigeria’s foreign currency-denominated tax receipts rose sharply to ₦6.33 trillion in 2025, reflecting higher contributions from multinational firms and the impact of exchange rate reforms, according to data from the National Bureau of Statistics (NBS).

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