The minority caucus of the House of Representatives says it has found “illegal” changes in the published copies of the tax reform laws. In a statement on Friday, Afam Ogene, who heads a seven-member committee set up to investigate the issue, reportedly said a review of the laws showed that different versions are circulating. Ogene …
The National Assembly has published the four tax reform Acts signed into law, following concerns over alleged alterations and the circulation of unauthorised and misleading versions of the legislation. The House of Representatives made this known in a statement on Saturday, signed by its spokesman, Akintunde Rotimi. He said the Speaker of the House of …
Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has stated that the National Assembly has the constitutional authority to suspend the planned implementation of Nigeria’s tax reform laws set for January 2026. In an interview on Channels Television on Monday, Oyedele responded to allegations that parts of the tax laws passed …
The Nigerian National Assembly has experienced a legislative discrepancy, as the Senate and the House of Representatives approved different crude oil price benchmarks for the 2026–2028 Medium Term Expenditure Framework (MTEF). While both chambers agree on many macroeconomic targets, the disagreement over oil prices, which is the major source of Nigeria's foreign exchange earnings, highlights …
President Bola Tinubu has presented the proposed 2026 Federal Budget, estimated at ₦58.18 trillion, on Friday, December 19, 2025. The president, who arrived at the National Assembly complex on Friday afternoon, presented the budget titled “Budget of Consolidation, Renewed Resilience and Shared Prosperity” at a joint session of the National Assembly. Breakdown of 2026 Budget …
The House of Representatives has moved a step closer to overhauling Nigeria’s electoral framework by approving and amending key provisions of the Electoral Act Amendment Bill. The amendments are aimed at enhancing the powers of the Independent National Electoral Commission (INEC), tightening electoral procedures, and addressing gaps exposed during recent elections. Clause-by-Clause Review Strengthens Electoral …
The Nigerian House of Representatives has suspended discussion on the 2026–2028 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP). The decision to step down the documents was taken on Wednesday following a heated debate over how crude oil price benchmarks and revenue projections were calculated. The debate ensued in plenary immediately after James Faleke, …
A bill aimed at regulating the employment of staff by Nigerian banks has passed second reading at the House of Representatives. The draft legislation, sponsored by Fuad Laguda, an All Progressives Congress (APC) lawmaker representing Surulere I federal constituency in Lagos, seeks to amend the Banks and Other Financial Institutions Act 2020 to “prohibit, criminalise …
Two members of the House of Representatives from Bayelsa State have officially defected from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC). The lawmakers are Rodney Ambaiowei, representing Southern Ijaw federal constituency, and Oboku Oforji of Yenagoa/Kolokuma/Opokuma. Defection Announced in Plenary The Speaker of the House, Tajudeen Abbas, announced their defections during …
The House of Representatives has approved President Bola Tinubu’s request to borrow $2.35 billion to finance part of the 2025 budget deficit. The lawmakers also gave the green light for the issuance of a $500 million debut sovereign sukuk in the international capital market to fund key infrastructure projects and broaden Nigeria’s financing sources. The …
