Business

Nigerians experienced four national grid collapses on Monday, December 29, 2025, plunging the populous African country into blackout. The grid collapse led to the loss of billions of Naira for businesses, firms, companies, and Nigerians who rely on the national grid as their primary source of electricity supply. The grip collapsed around 2:02 pm on […] More

The Federal Inland Revenue Service has confirmed that Nigerians will no longer need a separate Tax Identification Number, as the National Identification Number has now been adopted as the official tax ID for individuals. The clarification follows growing public attention around new tax rules and questions about whether citizens would be required to obtain additional […] More

The Nigerian National Petroleum Company Limited (NNPC Ltd.), has reaffirmed the company’s commitment to peace, dialogue, and responsible energy development in Ogoniland, describing the federal government’s renewed engagement as a demonstration of hope and a new beginning built on partnership and understanding. ‎‎‎The Group Chief Executive Officer of Bashir Bayo Ojulari, disclosed this during a […] More

The Presidency has dismissed claims of discrepancies in the newly signed tax reform laws. It said that the documents circulating in the media were not authentic. The clarification came after a member of the House of Representatives, Abdulsamad Dasuki, alleged that the versions of the tax laws gazetted and released to the public differed from […] More

The Central Bank of Nigeria, CBN, has introduced fresh measures aimed at improving the reliability and security of foreign-issued payment card usage across the country, directing banks and other financial institutions to adopt multi-factor authentication for such transactions. The new directive was conveyed in a circular dated December 18, 2025, issued by the CBN’s Financial […] More

The allegation made by House of Representatives member, Hon. Abdulsammad Dasuki on Wednesday that the soon-to-be implemented new tax laws were altered has stirred outrage from Nigerians. The lawmaker in a viral video on X alleged that there are discrepancies between the tax laws passed by the National Assembly and the versions gazetted and made […] More

A former president of the Trade Union Congress, TUC, and energy expert, Peter Esele, has said that Dangote Refinery is being threatened. Speaking during an interview on ‘Politics Today’, a programme on Channels Television monitored by DAILY POST on Tuesday, Esele said the Chairman of the Dangote Group, Aliko Dangote feels that his business is […] More

The federal government has said every taxable Nigerian must have a Tax Identification or Taxpayer Identification Number to operate bank accounts in the country as new tax reforms begin on January 1, 2026. The chairman of the Presidential Committee on Fiscal Policy and Tax Reforms in Nigeria, Taiwo Oyedele, disclosed this in an interview he […] More

A sweeping wave of criticism has trailed the Nigerian Senate’s plan to increase excise duty on non-alcoholic beverages, as economists and Nigerians have kicked against the proposal. The controversy follows the Senate Committee on Finance’s push to amend the Sugar-Sweetened Beverage (SSB) tax— currently a fixed N10 duty per liter under Section 21(3) of the […] More