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 […]

Regulator Warns Public Of Fake Social Media Accounts with Komolafe’s Name

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has raised an alarm over fake social media accounts impersonating Mr Gbenga Komolafe, the Commission’s Chief Executive. The NUPRC, however, cautioned the public against engaging with such fraudulent impersonators. A statement issued by the Commission’s Head of Media and Strategic Communication, Eniola Akinkuotu, said that Komolafe has no […]

Revenue Allocation, Collection Agencies Launch Recovery Initiative

Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) and the Federal Inland Revenue Service (FIRS) have jointly launched a nationwide revenue recovery initiative aimed at strengthening Nigeria’s fiscal governance, enhancing transparency, and ensuring that all revenues due to the Federation are fully remitted into the Federation Account. The initiative was formally inaugurated on Monday at the […]

Federal Govt Urged To Harness Gas Flaring For Economic Growth

Energy and environment experts have called on the federal government to intensify efforts to convert gas flaring into economic value. They describe the practice as a major waste of national resources and a setback to environmental and industrial development. For more than five decades, gas flaring has remained a persistent challenge in Nigeria’s oil-producing Niger […]

Government Says Single Window Deployment Will Ease Trade Bottlenecks At Seaports

The National Single Window (NSW) Secretariat, on Monday, assured stakeholders of the Federal Government’s commitment towards deploying the NSW to reduce bureaucratic bottlenecks hindering trade. Speaking during a stakeholder sensitization  programme for  the NSW project in the South East and South-South region, the director of the NSW Secretariat, Tola Fakolade,  said  the platform would enable […]