Nigeria’s Oil Production Recovery Faces Structural Threats Rising Output Offers Temporary Relief NIGERIA’S crude oil production recorded a second consecutive monthly increase in April 2026, raising cautious optimism over improved government revenue and foreign exchange inflows. Latest data released by the Nigerian Upstream Petroleum Regulatory Commission showed that crude production rose to 1.49 million barrels […]
By IKHIDE R IKHELOA A Budget Built on Trade-Offs A sweeping fiscal proposal linked to Donald Trump has ignited debate over the future of U.S. public spending, as plans to fund a $1.5 trillion military budget appear tied to deep cuts across social, economic, and scientific programmes. The proposed reallocation reflects a broader shift in priorities—one […]
Government Restates Import Ban Schedule THE Federal Government has again drawn attention to its list of items prohibited from importation into Nigeria, reinforcing trade restrictions aimed at protecting local industries, conserving foreign exchange, and strengthening domestic production. The updated schedule, widely circulated in recent reports, reflects the existing Nigeria Customs Service Import Prohibition List, which […]
Nigeria Rejects Fresh IMF Bailout Option THE Nigerian government has ruled out seeking a fresh bailout from the International Monetary Fund (IMF), insisting that ongoing domestic reforms are already rebuilding the economy despite global shocks linked to tensions in the Middle East. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said the […]
Nigeria Launches Its Largest Budget Yet PRESIDENT Bola Ahmed Tinubu has formally signed Nigeria’s ₦68.32 trillion 2026 budget into law, marking the country’s biggest appropriation package to date and reinforcing the federal government’s strategy of aggressive public investment. The new fiscal plan was approved after weeks of legislative review and follows an upward revision from […]
A Troubling Revenue Reality NIGERIA’S public finance system is under renewed scrutiny following revelations that deductions from the Federation Account Allocation Committee (FAAC) consumed a staggering 41 per cent of the country’s ₦84 trillion revenue over the past three years. The figures paint a troubling picture: while revenue inflows appear to be rising, a significant […]
THE POLITICS OF A BIGGER BUDGET NIGERIA’S 2026 budget is not just an economic document—it is a political statement. At ₦68.3 trillion, it signals an administration determined to project confidence, expand public spending, and accelerate development. But critics argue that behind this ambition lies a fragile fiscal foundation. The increase of nearly ₦10 trillion from […]
Clarification Amid Growing Public Debate NIGERIA’S tax reform discourse has taken a new turn as the Presidential Committee on Fiscal Policy and Tax Reforms moved to clarify reports suggesting that it admitted to errors in recently introduced tax laws. The committee, chaired by Taiwo Oyedele, firmly rejected the interpretation, stating that its earlier comments had […]
By OBIOMA TORI ECONOMIC stakeholders in Abuja have raised alarm over delays in the preparation and presentation of Nigeria’s 2026 budget, describing the current budgeting system as inconsistent and fiscally disruptive. As 2025 draws to a close, the Federal Government has yet to submit the 2026 Appropriation Bill to the National Assembly, […]
THE Delta Online Publishers Forum (DOPF) has announced Dr. Ochuko Benedict Emudainohwo, PhD, FCA, Associate Professor of Accounting at Dennis Osadebay University (DOU), Asaba, as the Guest Speaker for its 6th Annual Lecture scheduled for Thursday, November 27, 2025, at David’s Event Centre, Asaba, starting at 11:00 a.m. In a joint statement signed by the […]