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Nigeria Revenue Service (NRS) has denied rumours making the rounds that it imposed new Value-Added Tax (VAT) on banking services, including electronic money transfer, fees and commissions. Dare Adekanmbi Special Adviser on Media to the Executive Chairman of NRS, Zach Adedeji disclosed in a statement in Abuja on Thursday, describing the reports as incorrect and…
Lagos Chamber of Commerce and Industry (LCCI) has projected that Nigeria’s economy could grow up to seven percent in 2026 on the back of a stabilising economy The president , Leye Kupoluyi , disclosed that at the organisation’s annual economic outlook in Lagos. He said the “optimistic” outlook rides comes amid improving macroeconomic indicators and…
Nigerian government has signed a Comprehensive Economic Partnership Agreement (CEPA) with the United Arab Emirates (UAE) on the side-lines of the 2026 Abu Dhabi Sustainability Week (ADSW). This was made known by the President, Bola Tinubu on Tuesday in Abu Dhabi. He said CEPA was to deepen trade and cooperation in renewable energy, infrastructure, logistics,…
By Prof. Chiwuike Uba, Ph.D. The 2025 fiscal reform package in Nigeria represents one of the most ambitious efforts to modernize the country’s tax system in recent history. It comprises four key laws: the Nigeria Tax Act (NTA), the Nigeria Tax Administration Act (NTAA), the Nigeria Revenue Service Act (NRSA), and the Joint Revenue Board…
As part of efforts to douse the tension over allegations that the tax reform laws were altered, House of Representatives has released to the public ,certified true copies of the four tax reform Acts passed by the National Assembly and signed by the Nigerian President, Bola Tinubu Directing the release of the certified Acts, the Speaker…
Recently, the United States Consulate Lagos, led by Public Affairs Officer ,Jie Mckay hosted a strategic working lunch with Enugu-based creatives to examine practical pathways for advancing the creative industry as a viable engine for youth employment and economic growth. Key discussions focused on content creation, fashion, and strengthening synergies between the Enugu State Government…
Central Bank of Nigeria (CBN) has revoked the operational licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc as part of ongoing efforts to strengthen the mortgage sub-sector and enforce strict compliance with relevant laws and regulatory standards. In a statement signed by Ag. Director, Corporate Communications Department, Hakama Sidi…
Solidaridad, an International civil society organization,that promotes oil palm production globally, within the Netherlands, in partnership with Propcom plus, a climate-smart agricultural programme powered by the United Kingdom (UKs) Foreign, Commonwealth and Development Office (FCDO) is supporting Enugu State Government in the development of a sustainable oil palm policy. The organization, which operates in over…
Enugu State Government has earmarked the sum of N10bn in the 2026 budget proposal as the state’s equity contribution to phase One of the 135.5km standard gauge rail it plans to build in the state. It has also earmarked another N10bn for vehicle manufacturing programme. This was made known during a press briefing by the…
Central Bank of Nigeria (CBN) has issued final operating licenses to 82 Bureaux De Change (BDCs) under its revised 2024 Regulatory and Supervisory Guidelines, ushering in a new era of transparency and resilience in Nigeria’s retail foreign exchange market. In a statement signed by Acting Director of Corporate Communications, Hakama Sidi-Ali, the apex bank said…