PRESIDENT TINUBU TO PRESENT 2026 BUDGET ON FRIDAY, DECEMBER 19.(PHOTO).
President Tinubu to Present 2026 Budget on Friday, December 19 President Bola Tinubu is set to present the 2026 Appropriation Bill to a joint session of the National Assembly on Friday, December 19, 2025. Ahead of the presentation, a formal communication from the Presidency will be read on the floor of the House of Representatives on Thursday, December 18, notifying lawmakers and staff of the President’s appearance. The notification follows a letter dated December 17, 2025, signed by Adm. Essien Eyo Essien, Secretary of Human Resources and Staff Development, on behalf of the Clerk to the National Assembly, Kamoru Ogunlana. The letter was also copied to the Deputy Clerk and heads of departments. According to the letter, President Tinubu, in his capacity as Commander-in-Chief of the Armed Forces, will deliver the proposed 2026 budget at 2:00 p.m. on Friday. Security and access arrangements have been outlined, requiring all accredited persons to be at their posts by 11:00 a.m., while...
Nigerian telecommunication minister Adebayo Shittusaid today tuesday that South African telecommunication company MTN should drop its legal action over a $3.9 billion fine imposed in Nigeria to help facilitate talks on a possible settlement.The Nigerian Communications Commission {NCC} slapped a $5.2 billion fine on MTN in October 2015 for failing to disconnect users with unregistered SIM cards but after weeks of negotiations reduced it by 25 percent.MTN,which makes about 37 percent of its revenue from Nigeria,then filed a suit in Nigeria,questioning NCC's legal grounds for imposing the penalty.Adeboyo Shittu said ''I'm not aware of any out of the court settlement.President Muhammadu Buhari will have the final decision on the matter,adding that MTN might be advised to withdraw the court case filed against the fine.If they withdraw it creates a better environment,an environment where there is no stress or pressure on eith side''.A judge in Lagos last week gave the company until March 18 to try to reach a settlement with the Nigerian authorities over the fine.Ihe prospect of a lower fine boosted MTN shares.The fine equates to more than twice MTN's annual average capital spending over the past five years.One more photo below.
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