The Nigeria Revenue Service (NRS), in collaboration with the Joint Revenue Board (JRB), has released new guidelines for the taxation of virtual assets, setting out a formal framework for how digital asset activities will be administered and taxed in Nigeria. The guidelines apply to taxpayers, Virtual Asset Service Providers (VASPs), peer-to-peer (P2P) marketplace operators, tax …
NCDC reports eight deaths in two weeks as outbreak spreads to 23 states and 116 LGAs Lassa fever outbreak in Nigeria has crossed a grim threshold, with the country recording 1,000 confirmed cases and 237 deaths in 2026, according to the latest epidemiological report from the Nigeria Centre for Disease Control and Prevention (NCDC). The …
Dangote Refinery Absorbs 52.6 Million Barrels representing 78% of what was offered by crude producers. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has released its second-quarter (Q2) 2026 report on the enforcement of the Domestic Crude Supply Obligation (DCSO), revealing an impressive 97.4% overall compliance rate as local refineries received 53.7 million barrels of …
The Nigerian Electricity Regulatory Commission (NERC) has issued an interim order dissolving the board of Kaduna Electricity Distribution Plc (KAEDC) effective August 10, 2026. In the Order with No: NERC/2026/086, the Commission said the decision was taken following what it described as a "severe financial insolvency" by KAEDC, which has accumulated over ₦118.6 billion …
Global crude oil prices have risen again as energy markets react to renewed uncertainty surrounding negotiations between the United States and Iran, putting hopes of reopening the Strait of Hormuz in limbo. Brent Crude, the international benchmark, rose to $85.02 per barrel, while West Texas Intermediate (WTI) hit $79.58 per barrel on Monday, August 10, …
Chad will remove visa requirements for citizens of all African countries from January 1, 2027, President Mahamat Idriss Déby has announced. Déby said the decision was aimed at strengthening African unity and promoting easier movement of people and goods across the continent. The policy will allow African nationals to enter Chad without obtaining a visa, …
Accord Party presidential candidate whose candidacy is being contested, Gbenga Olawepo-Hashim, has urged voters in Osun State to resist intimidation and come out peacefully to exercise their right to vote in the August 15, 2026 governorship election. Olawepo-Hashim, who is also Co-Chairman of the Movement for Democratic Renewal (MDR), accused the Federal Government of President …
The presidential candidate of the Peoples Redemption Party (PRP) for the 2027 general election, Donald Duke, has called for a major overhaul of Nigeria’s financial system, saying high interest rates and rising public debt are hurting businesses and economic growth. Duke, a former governor of Cross River State, said the country needed economic reforms focused …
President Bola Tinubu will on August 11 declare open an international conference on security and national unity in Abuja. The conference, organised by Jama’atu Izalatil Bidiah wa Iqamatis Sunnah (JIBWIS Nigeria) in collaboration with the Muslim World League of Saudi Arabia, will take place at the Bola Ahmed Tinubu International Conference Centre, Abuja. Themed “International …
President Bola Ahmed Tinubu has continually hammered on his administration ambition to achieve a benchmark of a trillion-dollar economy by the end of the decade. This lofty desire has prepped every agency of government to contribute its own quota to make this ambition a reality. Inside the Council Chamber of the newly renamed General Shehu …
