Category: #Finance
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BAUCHI GOV SIGNS N877BN 2026 BUDGET OF CONSOLIDATION
New year, big bucks: Gov. Bala Mohammed inked the N877 billion 2026 Appropriation Bill Wednesday, trimming a slight N1bn from his original N878bn proposal for “Budget of Consolidation and Sustainability.” Mohammed praised lawmakers for their swift, thorough scrutiny after his Nov. 27 presentation. “The House fulfilled their promise of timely, objective review—activating implementation from Jan.…
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NEW TAX LAW TO SUPERCHARGE REAL ESTATE & HOME OWNERSHIP – NIESV
Tax cuts sparking a housing boom? NIESV President Victor Alonge says Nigeria’s fresh reforms kick in Jan. 1, 2026, slashing burdens on construction and making homes more reachable. Alonge shared the optimism Tuesday at a Lagos presser during QShelter Ltd and M.I. Okoro & Associates’ MoU signing to market Renewed Hope Housing in Abuja, Kano,…
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GTCO RAISES N10BN VIA PRIVATE PLACEMENT – CBN & SEC APPROVED
Big banks stacking cash: GTCO just got the green light from CBN and SEC to pocket N10 billion through a private share placement—right on the heels of smashing new capital rules. The holding company announced Tuesday it’s issuing 125 million ordinary shares at N80 each in a “best efforts” deal, closing December 31 (pending final…
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NIGERIA SCORES $4.60BN BOP SURPLUS IN Q3 2025 – CBN
From red ink to black gold: Nigeria flipped the script on its balance of payments, posting a massive $4.60 billion surplus in Q3 2025 after a prior deficit—fueled by trade wins, diaspora cash, and investor love. The Central Bank of Nigeria dropped the good news today, crediting a $3.42 billion current account surplus. Goods exports…
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UN SLASHES BUDGET TO $3.45BN FOR 2026 AMID MAJOR REFORMS
Think the UN’s trimming fat like never before? After grueling talks and the bold UN80 initiative, world leaders just locked in a lean $3.45 billion regular budget for next year slashing resources by 15% and staff by nearly 19%. The 193-member General Assembly approved the exact $3,450,426,300 on Tuesday, fueling core pillars: peace and security,…
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GOMBE GOV YAHAYA SIGNS N618B 2026 BUDGET – ‘WORKING GOVT’ VOWS MORE TRANSFORMATION!
Gov. Inuwa Yahaya put pen to paper Monday in Gombe, inking the N617.95 billion 2026 Budget into law – boosted N82.26B from his N535.69B proposal (presented Nov 13) by the State House of Assembly led by Speaker Abubakar Luggerrewo, amid top officials cheering the people’s win! Yahaya boasted six-plus years of prudent resource use fueling…
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ABIA GOV OTI SIGNS N1.016T ‘ACCELERATION’ BUDGET – NEW POSSIBILITIES FOR JOBS, HEALTH & ROADS IN 2026!
Gov. Alex Otti greenlit Abia State’s N1.016 trillion 2026 Appropriation Bill Monday at Nvosi, Isiala Ngwa South – vowing ironclad implementation (barring surprises) with full House transparency on tweaks, praising lawmakers’ gritty scrutiny that kept capital/recurrent figures rock-solid! Otti spotlighted empowerment vibes: Business enablers, health/education/sanitation/road investments to turbocharge growth. Speaker Emmanuel Emeruwa hailed it “Budget…
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NASARAWA GOV SULE SIGNS N545B ‘STRATEGIC CONSOLIDATION’ BUDGET INTO LAW – PEOPLE-POWER PUSH FOR 2026!
Gov. Abdullahi Sule inked the N545.2 billion 2026 budget Monday at Lafia’s Government House – up N27.6B from his N517.5B proposal, now N316.3B capital (projects galore) and N228.7B recurrent, tagged “Budget of Strategic Consolidation” for citizen-focused wins! Sule hailed Speaker Dr. Danladi Jatau and assembly for lightning passage (presented Nov 26, passed Dec 23), vowing…
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OGUN ASSEMBLY GREENLIGHTS N1.668T 2026 BUDGET – SWIFT PASSAGE FOR ABIODUN’S VISION!
Ogun State House of Assembly zipped through Gov. Dapo Abiodun’s N1.668 trillion 2026 Appropriation Bill Monday at Oke-Mosan, Abeokuta – adopting Finance Committee’s report (chaired by Musefiu Lamidi, APC-Ado-Odo/Ota II) after 26 days of scrutiny, clause-by-clause tweaks, and unanimous voice vote! Lamidi’s motion (seconded by Folawewo Salami, APC-IFO II) led to smart adjustments: N2.193B IGR…
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BORNO GOV ZULUM UNVEILS N890B ‘SUSTAINED RECOVERY’ BUDGET FOR 2026 SECURITY & GROWTH!
Borno Governor Babagana Zulum rolled out a whopping N890.33 billion 2026 budget Monday in Maiduguri – tagged “Budget of Sustained Recovery and Growth,” aligned with the state’s 25-Year Plan and 10-Year Strategy: N536.56B capital (infra, security, IDP resets), N353.77B recurrent, funded by N317.68B FAAC, N44.3B IGR, N417.23B grants/aid (oil at $64/bbl, N1,512/$ exchange, 18% inflation).…
