The Presidential Fiscal Policy and Tax Reforms Committee has dismissed reports alleging that the Minister of State for Finance, Taiwo Oyedele, had admitted to errors in Nigeria’s new tax laws, describing such claims as misleading and inaccurate. Minister of State for Finance, Taiwo Oyedele made the clarification in a statement released on social media. The…
Nigeria’s headline inflation rate recorded a marginal decline to 15.06 per cent in February 2026, according to the latest Consumer Price Index report released by the National Bureau of Statistics (NBS). The statistics agency disclosed that the February figure represents a slight drop of 0.04 percentage points when compared with the 15.10 per cent recorded…
The Debt Management Office has unveiled plans to raise N800bn through its February 2026 Federal Government bond auction, reflecting a sharp increase compared to the corresponding period last year, though lower than the record N900bn offered in January. According to the bond offer circular published on the agency’s website on Monday, the offer consists of…
The Abia State Government has announced plans to settle outstanding salary arrears owed to former Local Government Councillors who served between 1999 and 2022. Governor Alex Otti made this known on Sunday during a meeting with members of the Association of Former Elected Councillors in Umuahia. The governor stated that payments of the arrears accumulated…
Britain’s annual inflation rate rose more than expected in December, official data showed Wednesday, reinforcing expectations that the Bank of England will hold off on cutting interest rates next month. The Consumer Prices Index (CPI) rose to 3.4 percent in December, compared to 3.2 percent in November, the Office for National Statistics (ONS) said in…
By Adebayo Yusuf A former governorship candidate of Action Democratic Party, in Oyo State, Mr Akim Yusuf has called the Nigeria Revenue Service (NRS) to harmonise taxes in the country, to achieve the aim of the new tax reform laws. Mr Yusuf made this known while featuring on Pensioners FM current affairs programme, “The Trending”….
Vice President Kashim Shettima has arrived in Switzerland for the 56th Annual Meeting of the World Economic Forum, WEF.Reports says that the event is scheduled to be held from January 19 to 23, 2026. He was said to have arrived from Conakry, Guinea, where he represented President Bola Ahmed Tinubu at the presidential inauguration of…
The Socio-Economic Rights and Accountability Project, SERAP has written to President Bola Tinubu, urging him to direct the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), to widely publish certified true copies of the tax bills received from the National Assembly and the tax laws signed into law. SERAP said it…
The Federal Inland Revenue Service has achieved a record-breaking tax collection of N47.39tn between October 2023 and September 2025. This period is under the current leadership of the FIRS Chairman, Zacch Adedeji. President Bola Tinubu had approved the appointment of the tax chair on September 14, 2023. The tax agency exceeded its revenue target by…
Lagos State Governor, Babajide Sanwo-Olu, reaffirmed his administration’s commitment to harnessing the blue economy for wealth creation and sustainable development. He said Lagos would continue to lead subnational climate action through innovation, sustainable financing, and investment in resilience as the state prepares to host the 2025 International Climate Change Summit. The summit, with the theme…