The Presidential Fiscal Policy and Tax Reforms Committee has rejected most of the observations made by KPMG on Nigeria’s newly enacted tax laws, describing the advisory firm’s conclusions as largely flawed and based on misinterpretation. The committee, chaired by renowned tax expert Taiwo Oyedele, conveyed its position in a response issued on Saturday to KPMG’s …
His Majesty’s Attorney General for Jersey, Mark Temple KC, signed a Memorandum of Understanding (“MOU”) in December 2025 to facilitate the return of more than $9.5 million (N13.6 billion ) to the Government of Nigeria, providing additional resources for a critical infrastructure project. Jersey is the largest of the Channel Islands, located in the English Channel, …
Nigeria’s electricity distribution companies (DisCos) recorded a total of ₦653.19 billion in losses in their revenue collections over 12 months. This is even as electricity billing rose by 12.9 per cent from ₦466.69 billion in the third quarter of 2024 to ₦706.61 billion in the same period of 2025. Quarterly reports released by the Nigerian …
The Federal Government and Niger State have signed a landmark Memorandum of Understanding (MoU) to launch the Sustainable Integrated Productive Communities (SIPC) Programme. The initiative combines housing, agriculture, renewable energy, and enterprise development into a single model aimed at inclusive growth. The MoU was signed at the Federal Ministry of Finance, Abuja. The Ministry will …
In a bold policy paper, Dele Kelvin Oye, the Chairman of the Alliance for Economic Research and Ethics (AERE), has raised an alarm about Nigeria’s growing dependence on foreign powers, particularly the United States. He warns that if Nigeria does not adjust its approach to governance, the country could find itself in a position similar …
The Nigeria Deposit Insurance Corporation (NDIC) has significantly shifted its approach to handling failed banks, marking a crucial step towards reducing the risks of moral hazard in the country’s financial sector. This shift is particularly evident in the recent liquidation of Heritage Bank and other recent failures, such as Aso Savings and Loans and Union …
As Nigeria ushers in 2026, the nation operates under a landmark fiscal framework, the 2025 Tax Reform Laws. Designed to modernize the tax system, broaden compliance, and strengthen national revenue, these reforms have generated both optimism and anxiety. A wave of misinformation circulating online has raised fears that the new system could allow authorities to …
At least 16 vessels have arrived at Lagos ports, including Lekki, Tincan Island, and Apapa, carrying petrol, diesel, bulk gas, and food items, the Nigerian Ports Authority (NPA) has confirmed. According to the NPA’s latest Shipping Position report, made available to journalists on Thursday, a total of 40 ships transporting petroleum products, food items, and …
Nigeria has unveiled NES #31, the Reform Imperative, a national reform blueprint aimed at building a prosperous, inclusive, and accountable nation by 2030. The plan sets clear priorities for economic growth, social equity, and good governance while placing citizens at the centre of policymaking. The reform agenda emphasises execution discipline. Government agencies will operate under …
The United Bank for Africa (UBA Plc) has successfully exceeded the N500 billion minimum capital requirement set by the Central Bank of Nigeria (CBN) for banks with international licences, ahead of the March 31, 2026, deadline. According to UBA’s 2025 half-year audited results, the bank’s share capital and share premium stood at approximately N350 billion. …
