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Nigeria’s New Tax Reform Explained

30.06.2025
The new tax reform acts, which were recently signed into law by President Bola Tinubu, have brought the earnings of remote workers in Nigeria within the tax bracket. Under the new provisions, individuals who work for foreign clients or companies, including freelancers, tech professionals, and digital entrepreneurs, are required to register with their state tax...
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Tinubu Halts FRC Act, Caps Dues for Private Companies

30.06.2025
President Bola Tinubu has ordered a temporary pause in the implementation of the controversial Financial Reporting Council (Amendment) Act 2023, which imposed new annual dues on large private companies classified as Public Interest Entities. The decision, according to the Federal Ministry of Industry, Trade and Investment, follows months of sustained pressure from the private sector...
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84% Asset Growth, 20 Kobo Dividend

30.06.2025
Non-interest bank, TAJBank Limited, grew its total assets to N953.10bn in 2024 from N518.33bn in 2023, indicating an 84 per cent increase. This comes as the bank paid 20 kobo per share in dividends to shareholders, its third dividend payout in five years of operation. According to a statement from the bank, the dividend payout,...
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Signature Bank Appoints New MD, Nixon Iwedi

30.06.2025
Signature Bank Limited has appointed Mr Nixon Iwedi as its new Managing Director and Chief Executive Officer. The bank stated in Sunday’s release that the appointment, which has been approved by the Central Bank of Nigeria, marks a pivotal step in its continued evolution and growth strategy. Iwedi, who until his appointment was the pioneer...
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14m Tonnes of Ocean Plastic Waste: Minister’s Decry

30.06.2025
The Federal Government has disclosed that about 14 million tonnes of plastic annually obstruct the world’s oceans, threatening Nigeria’s biodiversity and impacting vital marine ecosystems. The Minister of Environment, Balarabe Lawal, stated this recently at a training workshop for stakeholders on the Extended Producer Responsibility programme in Abuja. The workshop was organised by the National...
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Real Estate Bottlenecks Slowing Deals – Report

30.06.2025
A United States-based proptech firm, Contract2Close.Com, has asserted that documentation bottlenecks in the real estate sector are slowing deals and eroding investor confidence. The firm stated this in a statement to officially launch its transaction management platform in the country. It noted that the rollout was expected to significantly boost efficiency, transparency, and professionalism in...
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Jigawa Allocates N19.6bn for Housing in 9 LGAs

30.06.2025
The Jigawa State Government has approved N19.6bn for the construction of 560 housing units in the state, across nine local government areas, to address the state’s growing housing needs. The Commissioner for Information, Youth, Sports and Culture, Sagir Musa, disclosed this recently after the State Executive Council meeting in Dutse. Musa said the project aligned...
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Rising Coastal Erosion Threatens Nigeria

30.06.2025
The Director of the Department of Erosion, Flood, and Coastal Zone Management, Usman Bokani, at the Ministry of Environment, stated that flooding is increasingly undermining infrastructure, damaging ecosystems, and endangering public health in coastal areas. They stated this recently in Abuja at a National Stakeholders Consultative Workshop on the policy framework. Bokani, represented by Abdullahi...
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Tinubu Suspends Private Company Dues

30.06.2025
President Bola Tinubu has ordered a temporary pause in the implementation of the controversial Financial Reporting Council (Amendment) Act 2023, which imposed new annual dues on large private companies classified as Public Interest Entities. The decision, according to the Federal Ministry of Industry, Trade and Investment, follows months of sustained pressure from the private sector...
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Nigeria Economy Needs Transformation, Not Incremental Change

30.06.2025
As Nigeria grapples with a faltering economy, high inflation, and a depreciating currency, a development expert, Dr Segun Akinloye, has called for an urgent structural change to rescue the country from deepening fiscal and economic distress. In a newly released article titled “10 Solutions to Nigeria’s Problems: A Critical X-Ray of the Nation,” on Friday,...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
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Man who asked Tinubu to resign admitted in psychiatric hospital

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The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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