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New Tax Laws Will Take Effect January 1 – FG
The Federal Government has insisted that the implementation of the newly enacted tax laws will take effect from January 1, insisting that there has been no change to the version signed into law. The Minister of Information and National Orientation, Mohammed Idris, clarified in Abuja amid public controversy over reports that the gazetted copy of […]
Oyedele Clarifies Controversy Over Alleged Changes to Tax Laws
Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has warned that failure to implement Nigeria’s new tax laws by January 1, 2026, would leave most Nigerians worse off. Speaking on national television, Oyedele said about 98 per cent of workers would continue to suffer multiple taxation if the reforms are delayed. According […]
Zamfara Gov. Lawal Signs ₦871.3bn 2026 Budget into Law
Zamfara State Governor, Dauda Lawal, has signed into law the ₦871.3 billion 2026 Appropriation Bill following its approval by the State House of Assembly. The governor signed the bill shortly after it was passed by the lawmakers. Lawal had earlier presented a proposed ₦861.3 billion budget to the assembly on December 4. The House Committee […]
Dangote, Fuel Importers Clash in Petrol Price War
The Dangote Refinery’s decision to reduce the gantry price of Premium Motor Spirit, also known as Petrol, has triggered significant losses for fuel importers, depot owners, and retail marketers. According to journalists, petrol importers are on the verge of losing as much as N102.48bn monthly after the Dangote refinery reduced its gantry price from N828 […]
CBN Issues One-Month Deadline For Dual PoS Connectivity
The Central Bank of Nigeria (CBN) has instructed all financial institutions, acquirers, and payment service providers to implement mandatory dual connectivity for Point of Sale (PoS) transactions within one month. This was disclosed in a statement signed by the Director of the Payments System Supervision Department, Rakiya Yusuf, updating a September 2024 policy. “Under the […]
Dangote Stops Salaries of Sacked Engineers Amid Redeployment Dispute
The Dangote Petroleum Refinery has stopped the monthly salaries of engineers laid off during its dispute with the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). The workers say their salaries were cut after many of them refused redeployment to states such as Zamfara, Borno, Benue, and Sokoto. Some engineers said they were […]
FG Launches ISO 37003 Fraud Control Standard to Boost Business Trust
The launch took place in Abuja and was performed by the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, represented by Jachinma Agu, Deputy Director of Reforms at the ministry. Oduwole described the standard as a vital tool in aligning Nigeria’s economic reforms with the administration’s Renewed Hope Agenda. She noted that fraud acts […]
PEBEC: FG Concludes Plan To Improve Business Environment — Shettima
This was disclosed at a Town Hall Meeting at the State House Banquet Hall Abuja, hosted by Vice President Kashim Shettima. The meeting has in attendance Governor Inuwa Yahaya of Gombe state, some ministers, heads of over 50 federal government agencies and their reform teams, representatives of the organised private sector and other stakeholders. The […]