By Temitope Ajayi PUBLIC DEBATE on government finances in Nigeria is once again clouded by confusion, little knowledge, and deliberate misrepresentation. At the centre of the current controversy is a misunderstanding of the distinction between total revenue generated by government agencies and the portion that actually belongs to the federal ...
By JKNewsMedia Reporter NEW YEAR greetings from the Minister of Power, Adebayo Adelabu, set out plans to consolidate progress recorded in Nigeria’s power sector in 2025, with 2026 identified as a year for delivering more reliable, accessible and sustainable electricity nationwide. He said the outgoing year involved laying foundations across t...
By Stella Onyebuchi, JKNewsMedia Reporter ASSURANCES OVER personal bank accounts and income declarations have been issued as the Federal Government prepares to roll out sweeping tax reforms from 1 January 2026, following growing public concern over how the changes will be enforced. Clarifying the scope of the reforms, the Chairman of the Pres...
By Jemimah Wellington, JKNewsMedia Correspondent IMPLEMENTATION OF Nigeria’s new tax laws will proceed as scheduled, with remaining provisions set to commence on January 1, 2026, following a reaffirmation by President Bola Tinubu on December 30, 2025. The President stated that the new tax laws, including those that took effect on June 26, 2025...
By Jemimah Wellington, JKNewsMedia Correspondent FRESH FINANCING secured for a major section of the Lagos Calabar Coastal Highway (LCCH) has been hailed by President Bola Tinubu as a significant milestone in the delivery of what he described as Africa’s most ambitious and transformative infrastructure projects. The President praised the Feder...
By Jemimah Wellington, JKNewsMedia Correspondent THE FEDERAL Government has granted approval for the temporary opening of the Lagos-Calabar Coastal Highway following a truck accident in the Chisco area of Lekki on Monday, which triggered severe traffic gridlock. The partial reopening aims to restore traffic flow and ease movement along the con...
By Ajibola Olaide, JKNewsMedia Reporter THE FEDERAL Government has prohibited ministries, departments and agencies from collecting physical cash for revenue transactions, citing persistent violations of e-payment and treasury single account policies. The directive was issued in four treasury circulars dated November 24, signed by Shamseldeen ...
By Ajibola Olaide, JKNewsMedia Reporter THE FEDERAL Government announced it has secured the release of 100 schoolchildren abducted from St. Mary’s Private Catholic Primary and Secondary School in Papiri, Agwara Local Government Area, Niger State. The pupils were among 315 individuals, including 12 teachers, abducted during an attack on the sc...
By Joke Kujenya WITH EFFECT from 1 January 2026, tax reliefs are coming for millions of Nigerians as the Federal Government confirmed that fifty exemptions and incentives under the new tax reform laws will commence. The Presidential Fiscal Policy and Tax Reforms Committee, chaired by Taiwo Oyedele, said the measures are designed to reduce the...
By Jemimah Wellington, JKNewsMedia Correspondent THE FEDERAL Government has pledged its full support to the National Association of Nigeria Nurses and Midwives (NANNM) for the successful hosting of the 2026 Commonwealth Nurses and Midwives Federation (CNMF) Conference, West African Region, scheduled to take place in Abuja. Chief of Staff to t...
