Economy

New Tax Law: Traders, business owners now prefer cash to bank transfers — NAN study

Some traders and business owners now prefer cash payments from customers for business transactions.   This followed implementation of the…

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UN sounds alarm on hunger, warns of famine in Northern Nigeria

Around 55 million people in violence-wracked west and central Africa face acute food insecurity this year and some are on…

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FG, States, LGAs share N6 trillion FAAC in Q3 2025

Nigeria’s Federation Account recorded its highest quarterly disbursement in the third quarter of 2025, with a total of N6 trillion…

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Global auditing giant KPMG exposes errors, inconsistencies, omissions in FG’s new tax laws

•Tinubu and new tax laws   KPMG, globally renowned auditing firm with expertise on tax services, says it has identified…

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Major tests await Nigeria’s economy in 2026 – Industry chiefs, economists warn

Chief executives and top economists have warned that Nigeria’s economy in 2026 stands at a critical crossroads, with opportunities for…

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Tax Reform Take-off: Digital bottlenecks as early hitches emerge

Anxiety by Nigerians trailed the first two working days of 2026 as salary earners, traders and, to a large extent,…

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Outrage, Protest Trail New Tax Laws: ADC, LP, NANS, others kick as implementation begins today

Leading opposition figures have kicked against the commencement of the new tax reforms, today, as insisted by the federal government,…

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Banks to start charging N50 stamp duty on transfers above N10k from January 1

Nigerian banks will start charging senders a N50 stamp duty on electronic transfers of N10,000 and above from January 1,…

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10 states target N4.3trn loans to fund 2026 budgets [FULL LIST]

Ten states are planning to source about N4.287 trillion from loans, bonds, grants, capital receipts, and public-private partnerships to finance…

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Nigeria’s Tax Ombudsman Dr Nwabueze begins operations Jan 1 — Official

•Dr John Nwabueze was recently appointed pioneer Tax Ombudsman by President Tinubu   The Office of the Tax Ombudsman of…

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