Category: NEWS

A significant transformation in Nigeria’s tax system is set to reshape how individuals and businesses are identified for tax purposes — starting January 2026, your National Identification Number (NIN) and Corporate Affairs Commission (CAC) registration number will automatically function as your Tax Identification Number (Tax ID). This move is part of a sweeping overhaul under…

Amid swirling rumours on social media and widespread public anxiety about the impending tax reforms scheduled to begin in January 2026, the Chairman of the Presidential Committee on Tax Policy and Fiscal Reforms, Taiwo Oyedele, has issued a firm and reassuring clarification: Nigerians’ bank accounts will not be frozen or automatically debited next year. He…

In a development stirring both optimism and bewilderment across Borno State, President Bola Tinubu unveiled a fleet of 3,000 electric bikes and other electric vehicles during a state visit — even as the state government continues to enforce a ban on motorcycle use, including electric models. The contradiction has left residents asking key questions about…

Nigeria’s downstream petroleum sector recorded a major boost in November as daily petrol supply surged by an impressive 55 per cent, offering fresh hope to motorists, businesses and households long burdened by scarcity and uncertainty. The sharp rise in supply signals a strategic effort to stabilise the market, improve availability nationwide and cushion the pressure…

In a high-stakes political development just days before the new fiscal regime takes effect, the Presidency of Nigeria has officially responded to mounting controversy surrounding the recently enacted tax reform laws, dismissing claims that the legislation was clandestinely altered after passage by the National Assembly. The government’s response is seen as a critical effort to…

In a bold move that reinforces its role as a catalyst for youth development and economic growth, Nigerian Breweries Plc has unveiled a transformative entrepreneurship programme designed to empower the next generation of business innovators across Nigeria. The brewing giant, widely recognised as Nigeria’s foremost brewing company and majority-owned by Dutch beer conglomerate Heineken, has…

In a remarkable celebration of dedication, endurance, and educational passion, Omajuwa Chris Simeon Ajuwa, affectionately known as “The God of Literature,” has etched his name into the history books by completing a 220-hour non-stop Literature in English teach-a-thon in Warri, Delta State. This extraordinary feat, officially tagged the “Warri Global Records” teach-a-thon, has captured widespread…

In a heartwarming climax to the Nigerian Television Authority (NTA) Channel 5 2025 End-of-Year Children’s Party — popularly known as the December Felicitation — prominent philanthropist Dr. Helen Oritsejafor delivered an extraordinary gesture of kindness and hope that captivated attendees and set a powerful example of generosity during the festive season. An Unforgettable Celebration of…

Nigeria’s education sector has received a major boost as the Federal Government has officially reopened all Unity Colleges that were earlier shut down due to rising insecurity across parts of the country. The decision marks a critical turning point for thousands of students whose academic activities were disrupted following safety concerns, particularly in regions affected…

The Nigeria House of Representatives has taken decisive action in response to a growing controversy surrounding recent tax reform legislation, after lawmakers raised serious concerns that the versions of the laws officially gazetted for public use may not accurately reflect the texts passed by the National Assembly. Allegations of Discrepancies Trigger Parliamentary Action On Thursday,…