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President Bola Ahmed Tinubu has formally requested Senate approval to increase Nigeria’s 2026 budget by ₦9 trillion, raising the proposed appropriation from ₦58.4 trillion to approximately ₦67.4 trillion. The request, submitted to the National Assembly through an official communication, reflects the administration’s effort to recalibrate the fiscal framework in line with prevailing economic realities.
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Tinubu Requests Senate Approval for ₦9tn Budget Expansion
President Bola Ahmed Tinubu has formally requested Senate approval to increase Nigeria’s 2026 budget by ₦9 trillion, raising the proposed appropriation from ₦58.4 trillion to approximately ₦67.4 trillion. The request, conveyed in a letter to the National Assembly, aims to address legacy fiscal obligations, fund priority projects, and maintain macroeconomic stability.
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CBN Deploys Cybersecurity Assessment Tool to Strengthen Financial Sector Defences
The Central Bank of Nigeria (CBN) has introduced a mandatory Cybersecurity Self-Assessment Tool (CSAT) for all regulated financial institutions, aimed at strengthening the resilience of Nigeria’s financial system against rising cyber threats. The initiative enhances regulatory oversight and risk management across banks, fintechs, and payment service providers.
Institutions Aren't Guessing. Neither Should You.
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Alternative investments are speculative. Past performance not indicative of future results. Terms apply.
World Bank Highlights Regional Gas Strategy, Investment Opportunities in Africa
The World Bank has underscored the importance of a coordinated regional gas strategy across Africa, identifying significant investment opportunities in energy infrastructure and gas development. The institution emphasised that leveraging Africa’s vast natural gas reserves could support industrialisation, energy security, and economic growth across the continent.
Global Disruptions Are Increasing Demand for Move-In Ready Homes in Nigeria
Nigeria’s housing market has always been a story of scarcity meeting accelerating urban demand, but the last three years have added a sharper twist: the supply that should have arrived through off-plan development is increasingly uncertain. When the delivery date becomes elastic, the market reallocates risk, and the resale market often becomes the shock absorber.
FG Cash Transfer Programme Reaches 9.2 Million Households
The Federal Government has announced that its national cash transfer programme has positively impacted approximately 9.2 million households across Nigeria, reinforcing its role as a key social protection mechanism aimed at alleviating poverty and improving livelihoods. The initiative forms part of broader economic support measures targeting vulnerable populations.
Court Defers El-Rufai’s Bail Hearing to Wednesday Amid Ongoing Corruption Trial
A Federal High Court in Kaduna has deferred the bail hearing of former Kaduna State Governor Nasir El-Rufai to Wednesday, following proceedings held under tight security. The adjournment delays a key stage in his ongoing trial over multiple corruption-related charges.
Quote of the day:
“In real estate, value is not in the introduction, but in the execution. This ruling reinforces that distinction.”
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