By JKNewsMedia IN A renewed drive toward customer empowerment, Fidelity Bank Plc has extended its flagship savings campaign, the Get Alert in Millions (GAIM) Season 6 promo, for an additional three months. The bank says the extension raises the total prize pool from N159 million to N189 million, marking the bank’s largest reward initiative to...
By Joke Kujenya ABOUT TO be introduced for implementation, Nigeria’s new tax reform is designed to make life easier for both citizens and businesses. It simplifies taxes, reduces duplication, and ensures fairness, said Taiwo Oyedele, Chairman, the Presidential Fiscal Policy and Tax Reforms Committee (PFPTRC). Come January 2026, under the new ...
By Joke Kujenya PAINFUL BUT necessary adjustments in Nigeria’s tax system are beginning to yield measurable results as the Presidential Fiscal Policy and Tax Reforms Committee (PFPTRC) Chairman, Taiwo Oyedele, said the government advances a sweeping national tax overhaul designed to simplify levies, cut corporate rates, and promote fairness. ...
By Jemimah Wellington, JKNewsMedia Correspondent NIGERIA’s MINISTER of Finance and Coordinating Minister of the Economy, Wale Edun, has returned to the country following a trip abroad for a supposed medical care. Edun was seen on Sunday, October 19, 2025, at Fraser Suites in Abuja, where he reportedly held a closed-door meeting with a Qatari ...
By Jemimah Wellington, JKNewsMedia Correspondent FIRM GROWTH in revenue has been declared by the Nigerian National Petroleum Company (NNPC) Limited, with figures for August 2025 reaching N4.655 trillion, compared to N4.406 trillion recorded in July. The company’s Monthly Report Summary for August, released on Friday, showed that Profit After ...
By JKNewsMedia SUSPENSION OF Premium Motor Spirit transactions in naira by Dangote Refinery has set the stage for a nationwide increase in petrol pump prices, the Independent Petroleum Marketers Association of Nigeria (IPMAN) confirmed on Friday. National President of IPMAN, Alhaji Abubakar Maigandi, disclosed that members of the association ...
HEADLINE INFLATION rate in Nigeria slowed to 20.12 per cent in August 2025, down from 21.88 per cent in July 2025, according to the latest data released by the National Bureau of Statistics (NBS). The report showed that inflation eased by 1.76 percentage points month-on-month, offering some relief after months of elevated price pressures. Mont...
By Jemimah Wellington, JKNewsMedia Correspondent THE DIRECTOR-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has urged the Federal Government to introduce social safety nets to support vulnerable Nigerians facing economic hardship from ongoing reforms. Speaking to journalists on Thursday after a meeting with President ...
By Jemimah Wellington, JKNewsMedia Correspondent SEVERAL ESSENTIAL goods and services will no longer attract the 7.5 percent value-added tax (VAT) from January 2026, following the enactment of the Nigeria Tax Act (NTA). The law, signed by President Bola Tinubu on 26 June, is part of a broader tax reform package that also established a new [&h...
By Jemimah Wellington, JKNewsMedia Correspondent HEADLINE INFLATION dropped for a third consecutive month in June, falling to 22.22 percent from 22.97 percent in May, according to figures released by the National Bureau of Statistics (NBS). The latest data, released through the agency’s Consumer Price Index (CPI) report, reflects adjustments m...
