Nigerians Spent Just N1.4Trillion On Food, Beverages And Vegetable Imports In Three Months — NBS
Nigeria reportedly spent a total of N1.4 trillion on importing prepared foodstuffs, beverages, and vegetable products between July and September 2025, according to data from the National Bureau of Statistics (NBS). The figures highlight the country’s heavy reliance on foreign food supplies despite government efforts to boost local production. The breakdown shows that prepared foodstuffs, […]
No Confusion! FG Explains Easy Steps for Paying Taxes in 2026
The Federal Government of Nigeria has reassured citizens that the new tax laws, taking effect on January 1, 2026, will not involve automatic deductions from personal bank accounts. Self-Declaration, Not Surveillance Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, clarified during an interview on Channels Television’s year-end programme, 2025 In […]
98% of Nigerian Workers Will Keep Paying More If New Tax Laws Are Delayed – Oyedele
As Nigeria inches toward January 1, 2026 — the scheduled commencement date for the most ambitious overhaul of its tax system in decades — a fierce national debate has erupted, pitting reform advocates against political heavyweights, labour-aligned critics, and civil society groups calling for a pause. At the centre of this unfolding controversy is a […]
NIN, CAC numbers to serve as tax IDs from 2026 — FIRS
The Federal Inland Revenue Service has announced that the National Identification Number issued by the National Identity Management Commission has automatically become the Tax Identification Number for individual Nigerians. The clarification was made in a public awareness campaign on the new tax laws shared by the Service on X on Monday. According to the FIRS, […]
FG Bans Cash Transactions in MDAs, Mandates POS Deployment Nationwide
The Federal Government has announced a ban on cash payments across all Ministries, Departments and Agencies (MDAs), directing them to fully adopt electronic revenue collection systems. Under the new directive, MDAs have been given a 45-day deadline to install and deploy Point-of-Sale (POS) terminals and other approved digital payment platforms to facilitate collections. The policy, […]
BREAKING: CBN Issues Fresh Directive to Banks — New Withdrawal Limits and Charges to Kick Off January 1st
In a sweeping financial policy shift, the Central Bank of Nigeria (CBN) has announced a new nationwide cash withdrawal framework that will take effect from January 1, 2026, significantly reducing how much Nigerians can access in physical cash weekly. In a circular issued on Tuesday, December 2, 2025, and signed by the Director of […]
World Bank Forecasts Nigeria’s Economy to Grow at 4.2% in 2025 and 4.4% in 2027
The World Bank has forecast Nigeria’s economic growth at 4.2% for 2025 and 4.4% for 2027, signaling a positive outlook for Africa’s largest economy over the medium term. This projection marks an optimistic revision upward from previous estimates, reflecting expected improvements in key sectors such as financial services, telecommunications, technology, and transportation. The forecast is […]
State Govt Begins Payment of ₦104,000 Minimum Wage, as Some States Struggle to Pay ₦70,000
State Govrt Begins Payment of ₦104,000 Minimum Wage, as Some States Struggle to Pay ₦70,000 The Imo State Government has commenced payment of the new ₦104,000 minimum wage to state workers, fulfilling Governor Hope Uzodimma’s earlier promise to review salaries upward in line with prevailing economic realities. Reliable sources confirmed to PUNCH Online that several […]
Everyone Who Earns Must Pay Tax — FG Insists, Lists Sex Workers, Agberos
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has reiterated that every Nigerian who earns an income, regardless of their occupation, has a legal responsibility to declare it for tax purposes. Speaking on Friday during an interactive session with journalists, influencers, and public analysts on the recently enacted tax reforms, […]
NUPENG to Nigerians: Don’t be deceived by Dangote refinery’s free petrol delivery — it’s Greek gift
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) says the free petrol distribution announced by the Dangote refinery is a “Greek gift”. A Greek gift is a present given with a hidden intention to harm the recipient. On Thursday, the refinery said the free direct supply of the product will commence in 11 […]