By Stella Onyebuchi, JKNewsMedia Reporter ASSURANCES OVER personal bank accounts and income declarations have been issued as the Federal Government prepares to roll out sweeping tax reforms from 1 January 2026, following growing public concern over how the changes will be enforced. Clarifying the scope of the reforms, the Chairman of the Pres...
By Jemimah Wellington, JKNewsMedia Correspondent IMPLEMENTATION OF Nigeria’s new tax laws will proceed as scheduled, with remaining provisions set to commence on January 1, 2026, following a reaffirmation by President Bola Tinubu on December 30, 2025. The President stated that the new tax laws, including those that took effect on June 26, 2025...
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 Ajibola Olaide, JKNewsMedia Reporter THE FINAL approval of licences for 82 Bureaux De Change took effect as the Central Bank of Nigeria (CBN) confirmed that the authorisation followed the powers provided under the Bank and Other Financial Institutions Act 2020. The confirmation formed part of a wider regulatory exercise that outlines how B...
By Jemimah Wellington, JKNewsMedia Correspondent EFFORTS TO transform Nigeria’s tax system advanced with the formal establishment of the National Tax Policy Implementation Committee (NTPIC), mandated to ensure the execution of recent tax reforms and align fiscal administration with the government’s economic objectives. President Bola Tinubu a...
By Joke Kujenya PRESIDENT DONALD Trump has unveiled plans to provide $2,000 payments to low- and middle-income United States (U.S.) citizens, funded by revenue from tariffs on imports from countries including China, Mexico, and Canada. Any remaining tariff income would be directed toward reducing the national debt, which currently exceeds $38...
By Jemimah Wellington, JKNewsMedia Correspondent FIRM ASSURANCE came from President Bola Tinubu on Thursday that Nigeria will defeat terrorism and other threats to national security as the government sustains its reform agenda to deliver steady economic growth, stability, and prosperity. Speaking at the Federal Executive Council (FEC) meeting...
By Jemimah Wellington, JKNewsMedia Correspondent THE SUM of US$2.35 billion has been successfully raised by Nigeria through dual-tranche Eurobonds maturing in 2036 and 2046 in the international capital markets. The issuance comprises US$1.25 billion for the 2036 (Long 10-year) Notes and US$1.10 billion for the 2046 (Long 20-year) Notes, price...
By JKNewsMedia INVESTOR CONFIDENCE faltered sharply this week as the Nigerian stock market suffered heavy losses, with investors wiping out N858 billion in just two trading sessions on the Nigerian Exchange Limited (NGX). The downturn reflected a storm of geopolitical tension, domestic policy uncertainty, and weakening sentiment, following re...
By Jemimah Wellington, THE NAIRA gained marginal strength against the United States (US) dollar as official figures from the Central Bank of Nigeria (CBN) confirmed an appreciation in value across the foreign exchange market. According to the official trading data released by the CBN on its forex trading portal, the naira closed at N1,421.73 ...
