Financial

Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr. Taiwo Oyedele, has unveiled 50 tax exemptions and reliefs designed to ease the financial burden on low-income earners, average taxpayers, and small businesses under Nigeria’s new tax reform laws, which will take effect from January 1, 2026.

The Federal Government has launched the Tax Reform Challenge targeted at Nigerian students.

Ponzi Schemes Cost Nigerians N316bn - SEC   The Securities and Exchange Commission (SEC) has said Nigerians have lost about N316bn to Ponzi schemes and illegal fund managers over the years, warning that greed and ignorance are sustaining the menace. The Head of FinTech and Innovation Department...

Report Reveals Over 30 States Dependent on Federal Allocation   The 10th edition of the BudgIT State of States Report has revealed that over 30 states in Nigeria rely on Federal Account Allocation Committee allocations for their revenue, leading to fiscal pressures. The report, titled ‘A Decade...

Solar Manufacturing Gets $500m Boost from Govs, Investors - Adelabu   The Federal Government, in partnership with state governors and private investors, has secured nearly $500m to establish solar manufacturing plants across Nigeria, the Minister of Power, Adebayo Adelabu, has disclosed. Adelabu made this known at the...

New Tax Reforms to Tackle Multiple Levies - Oyedele   The Chairman, Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has said that the country’s haulage and logistics industry would be one of the major beneficiaries of the tax reforms being put in place. Oyedele...