Tax Reform Under Pressure: Nigeria’s NRS targets N40.7trn in 2026 collections, but insecurity and a worsening food crisis are threatening the momentum of the new fiscal order. Security & Food Crisis: A new ORFA report says terrorism-related violence killed 79,323 people and abducted 34,773 civilians between 2020 and 2025, while UN-linked warnings keep pointing to severe hunger in the north. Roads for Security: Works Minister David Umahi says Tinubu’s road rehabilitation and new projects in Borno (Dikwa–Gamboru Ngala, Bama–Banki) are meant to reconnect communities and improve military logistics. Fuel Market Watch: Dangote Refinery cut ex-depot petrol prices again by over N200/litre since late May, while NNPCL retail pricing reportedly fell to about N1,150/litre. Power & Renewables: NERC net billing rules are being praised for accelerating renewable adoption, and FG says solar mini-grids will power rural communities. Climate & Infrastructure Risk: NiMet warns of flash-flood risk across 27 states in early July, with knock-on effects for transport, agriculture and utilities. Corporate Earnings: PZ Cussons Nigeria’s pre-tax profit jumped 364% to N77.32bn in FY2026, supported by stronger sales and FX gains. Maritime Trade: Nigeria and Ghana sign an MoU to deepen maritime safety, security and blue-economy cooperation.