Nigeria’s Federal Government has dismissed widespread fears that personal bank accounts will be automatically debited under the Country’s newly enacted tax laws, assuring citizens that the reforms are built on transparency, self-assessment and due process. The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, gave the clarification amid growing…
Nigeria was plunged into widespread darkness on Monday following another collapse of the National electricity grid, Global Mirror News reports. Checks confirmed that the grid went down at about 3:00 p.m., cutting power supply across several parts of the Country and disrupting homes, businesses and essential services. Data available to Global Mirror News showed that…
The Federal Government has reaffirmed that Nigeria’s far-reaching tax reforms will officially take effect on January 1, 2026, dismissing renewed calls for postponement and insisting that preparations are on course. The confirmation followed a high-level meeting between President Bola Ahmed Tinubu and members of the Tax Implementation Committee on Friday, December 26, 2025. Chairman of…
The Federal Inland Revenue Service (FIRS) has announced that Nigeria’s National Identification Number (NIN) will automatically become the Tax Identification Number (TIN) for individual citizens from 2026, in a major reform aimed at streamlining tax administration across the Country. The clarification was made through a public awareness campaign on the new tax laws, shared by…
The Federal Government has announced plans to introduce a mandatory vehicle recycling fee beginning in 2026, a move expected to generate more than ₦150 billion annually while formalising Nigeria’s largely informal auto recycling sector. The initiative was disclosed by the National Automotive Design and Development Council (NADDC) in a statement issued on Sunday. The Director-General…
The Federal Competition and Consumer Protection Commission (FCCPC) has warned road transport operators across the Country against exploiting commuters through unfair or arbitrary fare increases during the yuletide season, stressing that while fare adjustments may be permissible, consumer exploitation will not be tolerated. The Commission gave the warning in a statement issued on Sunday by…
Nigeria is facing the prospect of widespread electricity outages during the Yuletide season following a fresh disruption in gas supply to power generation companies, a development that has already begun to reduce electricity supply across several parts of the Country. Electricity distribution companies in multiple regions confirmed on Tuesday that gas constraints affecting generation firms…
The Office of the Secretary to the Government of the Federation (OSGF) has directed an immediate suspension of the enforcement of the proposed ban on sachet alcoholic drinks and small-volume packaged spirits, pending a comprehensive review of the policy. The directive, issued on Tuesday, December 16, 2025, applies to all regulatory and enforcement activities related…
The Federal Government has unveiled sweeping tax reforms that could exempt nearly one-third of Nigeria’s workforce from paying personal income tax, marking one of the most ambitious fiscal shifts in recent years and a clear attempt to ease mounting cost-of-living pressures. Under the proposed framework, workers earning N100,000 or less per month across the public…
In a bold move set to reshape Nigeria’s fuel market, Dangote Petroleum Refinery has reduced its petrol gantry price from N828 to N699 per litre, representing a drop of N129 or roughly 15.58 per cent. The adjustment, effective from 11 December 2025, is the 20th price revision by the refinery this year, signalling a strategic…
