House Orders Re-Gazetting of 2025 Tax Laws After Public Concerns
By Oluwakemi Kindness The House of Representatives has directed that four major tax reform laws passed in 2025 be re-gazetted. This became necessary following public concerns over how the bills were processed, assented to, and published. The affected laws are the Nigeria Tax Act, 2025; Nigeria Tax Administration Act, 2025; Joint Revenue Board of Nigeria […]
PenCom Urges CSOs to Drive Accountability in Pension Reform
By Oluwakemi Kindness The National Pension Commission, PenCom, has called on civil society organisations to serve as partners and watchdogs in ongoing Pension Reform 2.0. The call comes as the Federal Government settles long-standing pension liabilities and rolls out reforms aimed at rebuilding trust in the pension system. Speaking on Tuesday, in Abuja, at the […]
Customs Seizes 20 Diverted Containers Worth ₦769.5m
By Oluwakemi Kindness The Nigeria Customs Service (NCS) has intercepted 20 diverted transit containers valued at ₦769.5 million, in a major crackdown on cargo diversion across the Kano–Jigawa axis. The Comptroller-General of Customs, Adewale Adeniyi, disclosed this during a press briefing in Kano, describing the seizures as part of intelligence-driven operations to protect government revenue […]
Cardoso Reaffirms Nigeria’s Commitment to Macroeconomic Stability, Transparent Markets
By Oluwakemi Kindness The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed Nigeria’s commitment to macroeconomic stability, rules-based economic management and transparent markets. Cardoso made this known while engaging senior business leaders and institutional investors at the U.S.–Nigeria Executive Business Round table in Washington, D.C. He underscored Nigeria’s reform agenda and […]
SMEDAN Brokers ₦12bn Loans for Small Businesses, Targets 250,000 Businesses
By Oluwakemi Kindness The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) says it is brokering ₦12 billion in single-digit loans for small businesses. This is as it targets the formalisation of 250,000 enterprises in 2026. The Director-General of SMEDAN, Charles Odii, disclosed this on Wednesday during the agency’s 2025 annual engagement, noting that […]
NEZA Commends NEPZA, OGFZA on Call for 10-Year Tax Moratorium
By Oluwakemi Kindness The Nigeria Economic Zones Association (NEZA) has applauded the Managing Directors of the Nigeria Export Processing Zones Authority (NEPZA) and the Oil and Gas Free Zones Authority (OGFZA) for advocating a ten-year moratorium on implementing the National Tax Policy (NTA) within Nigeria’s Free Zones. In a statement on Tuesday, NEZA describs the […]
CBN Revokes Licences of Aso Savings, Others Over Regulatory Breaches
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has revoked the operating licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc over persistent regulatory and capital deficiencies. The apex bank took the action under the powers granted by Section 12 of the Banks and Other Financial Institutions Act (BOFIA) […]
Senate Frowns at Multiple Budgets in a Fiscal year
By Anayo Akwitti The Senate has expressed dis-satisfaction with multiple budgets implementation in a fiscal year by the federal government as experienced in 2025. As a result it has, the Senate has tasked the Federal Inland Revenue Service ( FIRS) to increase its projected revenue target for 2026 from thirty one trillion naira to thirty […]
Customs, NMDPRA Step Up Security to Curb Fuel Diversion
By Oluwakemi Kindness The Nigeria Customs Service (NCS) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) have stepped up joint actions to curb fuel diversion and safeguard Nigeria’s domestic energy supply. The renewed collaboration came into focus during a meeting in Abuja between the Comptroller-General of Customs, Adewale Adeniyi, and NMDPRA’s Executive Director […]
Court Remands Ex-Labour Minister Chris Ngige in Kuje Prison Over N2.2bn Corruption Case
By Chinedu Echianu A Federal Capital Territory (FCT) High Court in Abuja has ordered the remand of former Minister of Labour and Productivity, Chris Ngige, at the Kuje Correctional Centre pending the hearing of his bail application. Justice Mariam Hassan issued the order on Friday after the Economic and Financial Crimes Commission (EFCC) arraigned the […]