Tax law: Insisting on Jan 1 implementation insult to Nigerians, rule of law – Adeyanju to Tinubu
Human rights activist, Deji Adeyanju, has criticised the Federal Government for insisting on implementing the new tax law from January 1. He described the decision as disrespectful to Nigerians and a violation of the rule of law, especially as the law is still being debated and challenged in some quarters. Adeyanju said that forcing the […]
Tax law rollout: Nigerians should exercise caution – Budget Office
The Budget Office of the Federation has advised Nigerians to be careful as the new tax laws begin to take effect across the country. The office said while the reforms are meant to improve revenue and strengthen the economy, people and businesses should take time to understand how the changes affect them before making financial […]
Naira records depreciation against US dollar ahead of new year
The naira has recorded a slight depreciation against the United States dollar at the official foreign exchange market ahead of the new year. Data from the Central Bank of Nigeria showed that the naira weakened to ₦1,445.68 per dollar, compared to ₦1,442.51 recorded the previous day. This means the local currency lost about ₦3.17 against […]
Sell Port Harcourt, three other NNPCL refineries in 2026 – PETROAN to Nigerian Govt
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has advised the Federal Government to sell the Port Harcourt refinery along with three other refineries operated by the Nigerian National Petroleum Company Limited (NNPCL) in 2026. The group believes that private sector control will improve efficiency and reduce the burden on government resources. PETROAN […]
New tax laws: Nigerians don’t trust Tinubu’s govt on expenditure – Financial Analyst, Aja
Financial analyst Aja has expressed concern over Nigerians’ lack of trust in the federal government regarding the implementation of new tax laws. According to him, citizens are worried that revenue collected may not be spent transparently or efficiently. Aja highlighted that past experiences with government spending have made many Nigerians cautious about accepting new tax […]
Fuel price cut: Why Nigerian govt policy should favour Dangote Refinery, domestic refineries – CPPE
The Centre for the Promotion of Private Enterprise (CPPE) has advised the Federal Government to design fuel pricing and import policies that support Nigeria’s local refineries, especially the Dangote Refinery. According to the group, doing so will help reduce the cost of fuel, improve energy security, and strengthen the local economy. CPPE said that allowing […]
Naira Records Second Straight Appreciation Against US Dollar
Nigeria’s currency, the naira, has recorded a second consecutive day of improvement against the United States dollar in the official foreign exchange market. This positive movement suggests a slight return of confidence and improved liquidity in the forex space. Market watchers say the appreciation is linked to increased dollar supply and recent monetary policies aimed […]
Ahmed formally hands over to Mohammed as CEO of NMDPRA
Former Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has formally handed over leadership of the agency to his successor, Engr. Ahmed Mohammed. The handover ceremony marked the official transition of leadership at the petroleum regulatory body responsible for overseeing Nigeria’s midstream and downstream energy sectors. During the event, […]
I didn’t say it’s fake – Oyedele clarifies comment on controversial Tax Reform Act
National Tax Policy expert, Kayode Oyedele, has clarified his earlier statement regarding the controversial Tax Reform Act, insisting that he never called the law “fake.” Oyedele noted that his comments were misinterpreted in media reports, leading to public confusion. He explained that while the Act has generated debate and concerns from stakeholders, his intention was […]
ICPC releases 2025 scorecard of MDAs, laments non-compliance to ethics
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has released the 2025 Ethics and Integrity Compliance Scorecard (EICS) for federal ministries, departments, and agencies (MDAs). The report highlights that no MDA achieved full compliance with ethical standards. Out of 344 MDAs assessed, only 48 showed substantial compliance, while 141 displayed poor compliance and […]