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FG orders banks, fintechs to collect 7.5% VAT on electronic service fees

January 15, 2026
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finance, ECONOMY, News

FG directs banks, fintechs to collect VAT on electronic service fees

The Federal Government has directed all banks and fintech companies to collect and remit a 7.5 per cent value-added tax (VAT) on certain electronic banking services, with effect from...

January 13, 2026
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finance, ECONOMY, News

Savings in Bank Accounts Not Taxable, Only Profits – NRS Boss

The Executive Chairman of the Nigeria Revenue Service (NRS), Dr Zacch Adedeji, on Tuesday sought to calm public fears over the new tax laws, insisting that neither the old...

Okpebholo Halts Edo Central School Resumption After Violent Protest

January 12, 2026
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ECONOMY, News, SECURITY

Okpebholo Postpones School Resumption in Edo Central

The Edo State Government has announced the postponement of the resumption date for all public and private schools in Edo Central Senatorial District. In a statement on Monday, the...

January 10, 2026
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finance, ECONOMY, News, Politics

Tinubu, Shettima Set to Spend N9.3bn on Travels, Food in 2026 Budget

President Bola Tinubu and Vice President Kashim Shettima are projected to spend a combined N9,364,349,417 on local and foreign travels, as well as food and refreshments, in the 2026...

January 9, 2026
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NCC, ECONOMY, finance, News, TELECOMS, Trending Stories

Banks, Telcos Face March Deadline on Failed Airtime Refunds

Banks and telecommunications operators in Nigeria have been given a March 1, 2026, deadline to fully implement a new refund framework aimed at resolving persistent consumer complaints over failed...

Tax Update: Nigerians to Self-Declare Income, Banks Won’t Be Automatically Debited

December 31, 2025
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ECONOMY, News

No Automatic Bank Deductions Under New Tax Laws – Oyedele

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, has assured Nigerians that the new tax laws scheduled to take effect on January...

No Reversal: New Tax Laws to Start January 1, Says Presidency

December 31, 2025
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ECONOMY, News

New tax laws to take effect Jan 1 as scheduled – Presidency

The Federal Government has reaffirmed that Nigeria’s new tax laws will commence as scheduled on January 1, 2026, including those that already took effect on June 26, 2025. The...

2025: Nigeria Tops African Crude Oil Exports to the United States

December 23, 2025
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Africa, ECONOMY, News, Politics

Nigeria Tops African Crude Oil Exports to U.S. in 2025

Nigeria has emerged as the leading African exporter of crude oil to the United States between January and August 2025, according to the U.S. Mission in Nigeria. A statement...

NAFDAC Issues Alert on Indomie Noodles Recall Due to Allergens

December 19, 2025
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Health, ECONOMY, NAFDAC, News

NAFDAC Warns Nigerians Over Recalled Indomie Noodles Flavour

The National Agency for Food and Drug Administration and Control (NAFDAC) has alerted the public to the recall of Indomie brand noodles, Vegetable Flavour, over the presence of undeclared...

Ahmed Responds to $5 Million Education Allegations, Welcomes Investigation

December 18, 2025
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ECONOMY, News, Politics

NMDPRA-Dangote Face-Off: Tinubu Picks Replacements as Farouk, Komolafe Resign

President Bola Tinubu has moved swiftly to appoint new leadership for Nigeria’s petroleum regulatory agencies following the resignation of Farouk Ahmed, Chief Executive Officer of the Nigerian Midstream and...