By Jemimah Wellington, JKNewsMedia Correspondent TRAVEL RESTRICTIONS imposed by the Donald Trump administration of the United States of America (USA) have been expanded to cover 39 countries including Nigeria and the Palestinian Authority, following the addition of 20 more countries and travel documents under the existing policy. The administ...
By Jemimah Wellington, JKNewsMedia Correspondent QUESTIONS OVER the integrity of Nigeria’s tax reform legislation surfaced on the floor of the House of Representatives after a lawmaker alleged that the version of the law released to the public differs from what lawmakers approved during plenary. The issue emerged during Wednesday’s sitting wh...
By Joke Kujenya ACCESS TO banking and financial services in Nigeria is about to require a Tax Identification Number (TIN), the Presidential Committee on Fiscal Policy and Tax Reforms has stated. Taiwo Oyedele, Chairman of the committee, emphasised that a TIN is necessary for all taxable entities and warned that bank accounts may face restrict...
By Jemimah Wellington, JKNewsMedia Correspondent HEADLINE INFLATION slowed to 14.45 percent in November 2025, extending the steady easing seen throughout the year and bringing the figure below the 15 percent target set by President Bola Tinubu. The National Bureau of Statistics (NBS) announced the decline on Monday in its consumer price index...
By Jemimah Wellington, JKNewsMedia Correspondent MANDATORY TAX identification will become a condition for operating bank accounts in Nigeria from January 1, 2026, following a federal government directive tied to new tax administration laws. The requirement applies to every taxable Nigerian and forms part of a broader effort to strengthen tax ...
By Jemimah Wellington, JKNewsMedia Correspondent PUBLIC ANXIENTY around Nigeria’s ongoing tax reforms drew a firm rebuttal on Friday as claims that government agencies plan to remove money directly from citizens’ bank accounts were described as false and dangerous. Speaking at a media workshop on the new consolidated tax law, the Chairman of t...
By Jemimah Wellington, JKNewsMedia Correspondent THE FEDERAL Government has granted approval for the temporary opening of the Lagos-Calabar Coastal Highway following a truck accident in the Chisco area of Lekki on Monday, which triggered severe traffic gridlock. The partial reopening aims to restore traffic flow and ease movement along the con...
By Jemimah Wellington, JKNewsMedia Reporter THE SENATE has approved the deployment of Nigerian troops to the Republic of Benin for a regional peace-stabilisation mission, following a request from President Bola Tinubu. The approval provides legal backing for the troop presence in the country, which is expected to last for a short period. The ...
By Ajibola Olaide, JKNewsMedia Reporter THE FEDERAL Government has prohibited ministries, departments and agencies from collecting physical cash for revenue transactions, citing persistent violations of e-payment and treasury single account policies. The directive was issued in four treasury circulars dated November 24, signed by Shamseldeen ...
By Jemimah Wellington, JKNewsMedia Correspondent SECURITY DISCUSSIONS dominated the agenda in Abuja as a visiting United States (US) congressional delegation met with Nigeria’s National Security Adviser, Nuhu Ribadu, to examine steps for strengthening nationwide protection. The US Congressman, Riley Moore described the meetings as focused on ...
