New Tax Regime: Multinationals, Local Firms Get 5% Annual Tax Credit

The new tax regime, expected to come into force on 1 January 2026, will give multinationals and local companies a five‑per‑cent annual tax credit, the chairman of the Presidential Fiscal Policy and Tax Reform Committee, Taiwo Oyedele, has said. The policy includes a five‑per‑cent annual tax credit for investments in eligible priority sectors; top‑up tax […]

Regulator Says Band A Customers Must Get 20-Hour Power Supply Daily

The Nigerian Electricity Regulatory Commission (NERC) has reiterated its commitment to ensuring Band A customers receive a minimum of 20 hours of electricity supply daily, with automatic compensation triggered if distribution companies fail to meet this standard. This enforcement aims to protect consumers and enhance transparency in the power sector. NERC officials made these commitments […]

Manufacturers’ Export Group Re-elects Erewa-Meggison As Chairperson

The Manufacturers Association of Nigeria Export Group (MANEG) has pledged to intensify advocacy to enhance the administration of the Export Expansion Grant in the country. The chairperson of MANEG, Odiri Erewa-Meggison, said this would help ensure fairness, transparency, and clearance of outstanding claims. Erewa-Meggison, also the External Affairs director at British American Tobacco Nigeria (BATN), […]

$1trn Economy Goal Takes Centre Stage At Shareholders’ Triennial Conference

The Independent Shareholders Association of Nigeria (ISAN) said its eighth Triennial Delegates Conference would focus on Nigeria’s aspiration to achieve a $1 trillion economy by 2030. The Conference will be held on October 30, 2025, with the theme ‘Nigeria, Towards $1 Trillion Economy by 2030’. The event will feature prominent speakers including the Minister of […]