Controversial Tax Reforms Begin Jan 1, 2026
President Tinubu's sweeping tax reforms begin today despite opposition from Atiku and Northern groups. FG insists changes are vital for economic growth. Read the full story.
Category : Business
New Nigeria Revenue Service Logo Unveiled in Abuja
NRS Chairman Zacch Adedeji unveils the agency's new logo, signaling a commitment to a unified, efficient revenue system aligned with Nigeria's economic agenda. Read more.
Tinubu: No Going Back on Jan 2026 Tax Reforms
President Bola Tinubu insists Nigeria's new tax laws will commence January 1, 2026. He calls it a 'once-in-a-generation' fiscal reset, not a tax hike. Read the full details.
Kachikwu to Tinubu: Nigerians Can't Start 2026 with More Taxes
ADC's Dumebi Kachikwu criticizes proposed tax reforms, warning they could trigger a major crisis amid Nigeria's security woes. He urges compassion over new burdens. Read his full statement.
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Firm Disputes FHA Claims Over Gwarinpa Land
Tulwu Integrated Ltd counters Federal Housing Authority's encroachment allegations, presents documents, and claims illegal demolition and assault occurred. The court case continues in January 2026.
Tax Chief: No Auto-Debit from Accounts in New Law
Taiwo Oyedele assures Nigerians the new tax reforms will not lead to automatic bank debits. The system is based on self-declaration, targeting high-income individuals. Read details.
UK-based Nigerian Lady Paid N66.9m Tax, Questions FG
A Nigerian lady in the UK reveals she paid N66.9 million in tax, sparking debate on transparency as Nigeria's new 2026 tax law takes effect. Read her full story and public reaction.
Get Your Tax ID with NIN: Simple Steps to Avoid Issues
Nigerians can now retrieve their 13-digit Tax Identification Number (Tax ID) using their NIN via the new Tax ID Portal. Learn the steps for individuals and businesses to comply with the new tax law effective January 1, 2026.
Power Oil Brings Cheer to Bethesda School of the Blind
Power Oil visited Lagos's Bethesda School of the Blind, donating gifts and a ₦1 million cash prize. The festive outreach followed a public vote, spreading joy and support. Read more.
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Power Oil Brings Christmas Cheer to Bethesda School for the Blind
Power Oil turned social media nominations into real impact, visiting the Bethesda School of the Blind with gifts and a N1 million prize. See how they powered love this season.
Naira Escapes Africa's 10 Weakest Currencies in 2025
South Sudanese pound and Ethiopian birr lead Africa's worst-performing currencies in 2025, losing over 10% vs dollar. See why the Naira avoided the bottom 10 despite its struggles.
Power Oil Donates to Bethesda School for the Blind
Power Oil brought festive joy to Lagos's Bethesda School for the Blind, donating gifts and awarding a ₦1 million cash prize. See how the community-driven initiative made a difference.
Man Celebrates 2026 Tax Cut, Shares Evidence
A Nigerian worker shares proof of his reduced tax rate under the new 2026 law. See the mail from his company and public reactions to the positive news.
Avoid Tax Overpayments with Accurate Bank Transfer Narrations
As Nigeria's new tax regime begins in January 2026, experts advise using clear bank transfer descriptions like 'Gift' or 'Loan' to prevent overpayment and tax audits. Learn the simple, legal narrations.
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Barber Adds VAT to Haircuts Ahead of 2026 Tax Law
A Nigerian man's viral post reveals his barber adding a 7.5% VAT charge from January 1, 2026, sparking debate on the new tax law's reach. Read more about the public reaction.
Banks to Charge N50 Stamp Duty from Jan 1, 2026
Nigerian banks will implement a N50 stamp duty levy on electronic transfers of N10,000 and above starting January 1, 2026. Learn what's changing and which transactions are exempt.
Blord's Tax Evasion App Sparks Public Mockery, Distrust
Crypto entrepreneur Blord faces online ridicule after promoting an app to avoid 2026 taxes. Nigerians express deep distrust, citing his past arrest and preferring to pay government taxes.
Heirs Energies Buys $500M Stake in Seplat Energy
Tony Elumelu's Heirs Energies acquires a 20.07% stake in Seplat Energy from Maurel & Prom for $500 million, marking a major shift in indigenous ownership of Nigeria's energy assets. Read the full details.
Naira Falls in 2025 Despite CBN Dollar Sales, Reserves Rise
The Nigerian naira closed 2025 weaker against the dollar despite CBN interventions. External reserves rose to $45.45bn, offering limited support. Get the full analysis.
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Blord Dares Critics with N500k Over Tax App Scam Claims
Crypto entrepreneur Blord responds to fraud allegations tied to his new tax app with a N500k cash dare. Get the full story on the controversy and public reactions.
N50 Stamp Duty on Bank Transfers Starts 2026
From January 1, 2026, Nigerian banks will charge senders a N50 stamp duty on electronic transfers of N10,000 and above. Learn about the new levy and other CBN-approved charges.
10 States Plan N4.28tn Borrowing for 2026 Budgets
Ten Nigerian states plan to raise N4.287 trillion from loans and grants for their 2026 budgets, totaling N14.174tn. Experts warn of fiscal risks and weak revenue management.
Dangote Refinery Offers 10-Day Credit, Free Fuel Delivery
Dangote Refinery introduces a 10-day credit facility and free logistics for petrol stations, slashing the gantry price to ₦699/litre. This strategic move aims to ease cash flow and distribution costs for dealers nationwide.
Modern Veterinary Hospital Project Begins in Taraba
Livestock farmers in Taraba State celebrate as land is handed over for a new veterinary hospital in Jalingo. The L-PRES and World Bank project aims to boost animal health and farming resilience.
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NGX Rally Adds N411bn as 2025 Trading Closes
The Nigerian stock market closed 2025 on a high note, with investor wealth surging by N411 billion. The NGX All-Share Index rose 0.42% as trading volume hit 4.7 billion shares. Discover the top gainers and losers.
Dangote Refinery Offline for Maintenance, Targets 700k bpd
Nigeria's Dangote Refinery starts planned maintenance to boost petrol output and achieve 700,000 barrels per day capacity by early 2026, reducing fuel imports by over 60%.
Tinubu: Tax Reforms to Proceed as Planned from 2026
President Bola Tinubu confirms Nigeria's reformed tax laws will take effect on January 1, 2026, calling it a 'once-in-a-generation' fiscal reset. Read the full details.
NECA Faults Ban on Sachet Alcohol, Warns of Job Losses
Nigerian employers' body NECA criticizes the ban on sachet alcohol, warning it may worsen smuggling and cause massive job losses. They urge broader stakeholder talks.
Stock Market Cap Hits N98.8trn on High Volume Trading
The Nigerian equities market surged by N411 billion on Tuesday, with trading volume jumping 219% to 4.68 billion shares. Market capitalisation closed at N98.843 trillion. Discover the top gainers and losers.
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Nigeria records $4.6bn BoP surplus in Q3 2025
Nigeria's external sector strengthens as the CBN reports a $4.6 billion Balance of Payments surplus for Q3 2025, driven by trade gains and rising reserves. Read the full analysis.
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