8 articles tagged
Egypt has implemented an increase in electricity tariffs for households and businesses with high consumption rates, effective from April. This decision comes as the nation grapples with rising energy import costs and broader fiscal pressures.
An analysis of Nigeria's economic outlook for 2026 highlights persistent challenges such as insecurity, slow reform implementation, and global economic shifts. Despite these hurdles, the article suggests that strategic management of domestic factors and global engagement could pave the way for inclusive growth.
The Federal Ministry of Finance has asserted that capital projects nationwide continue their execution, addressing public concerns about perceived low releases to Ministries, Departments, and Agencies (MDAs). The ministry clarified that despite fiscal challenges, capital spending remains substantial.
Senator Ahmed Wadada's assertion of a ₦210 trillion discrepancy in the accounts of the Nigerian National Petroleum Company Limited (NNPCL) is critically analyzed, with findings suggesting that the figure is implausible and lacks foundational evidence.
On February 13, 2026, President Bola Ahmed Tinubu signed Executive Order 9 aimed at addressing revenue leakages in Nigeria’s oil and gas sector. This article discusses the implications of this order amid concerns over transparency and fiscal responsibility.
A comprehensive report by McKinsey highlights that Nigeria and 35 other African countries are grappling with increasing fiscal constraints due to weak revenue streams, which are resulting in wider budget deficits.
A bill seeking to alter Nigeria's revenue allocation formula to favour the federal government has passed its first reading in the Senate. The proposal aims to increase the FG's share from the current distribution, citing increased responsibilities.
The House of Representatives has advanced the N58.47 trillion Appropriation Bill for the 2026 fiscal year to its second reading, initiated by House Leader, Hon. Julius Ihonvbere. The bill seeks to access funds from the Consolidated Revenue Fund, detailing allocations for various sectors.
