federal budget

Federal Government initiates investigation into past revenue collections following Presidential directive requiring immediate remittance of oil proceeds to Treasury Single Account, as N58.18 trillion 2026 budget faces implementation hurdles.

A landmark Supreme Court decision declaring certain US tariffs illegal has opened the door to what could become one of the largest refund disputes in American trade history, with $133.5 billion in duties collected between January and mid-December 2025 now in legal limbo.