How 20 Governors Borrowed N458bn Amid Rising Debts   No fewer than 20 states of the federation borrowed about N458bn in the first half of 2025, findings have revealed. This comes against the backdrop of a soaring external debt servicing burden gripping state governments. Collectively, the states spent...

Nigeria’s external reserves climbed to their strongest level in six years, crossing the $42bn mark for the first time since September 2019.

Concerns Lingers as Multiple Taxation After Reforms   Stakeholders have expressed fears that the issue of multiple taxation may not be over despite the 2025 Tax Reform Law, emphasizing the need for effective implementation when it comes into force in 2026. It would be recalled that President...

FG Plans N758bn Bond to Offset Pension Liabilities – PenCom   The Federal Government may issue a N758bn bond before the first week of October to clear outstanding pension liabilities, the National Pension Commission (PenCom) has disclosed. Speaking at a press briefing in Abuja on Thursday, the...

The Federal Inland Revenue Service (FIRS) has dismissed claims that Nigerians must obtain a separate Tax Identification Number.

The Federal Inland Revenue Service (FIRS), yesterday highlighted the benefits of the new tax law put in place by the Federal Government listing the inherent gain to include strengthening of tax compliance and a boost to the revenue generation of the President Bola Ahmed Tinubu administration.