The Federal Government has reassured Nigerians and investors that the implementation of the new tax acts will be carried out with fairness, transparency, and what officials describe as a “human face.” Mr. Joseph Tegbe, Chairman of the National Tax Policy Implementation Committee (NTPIC), gave
The National Insurance Commission (NAICOM) has made known its commitment to partnering with the Ministry to deepen insurance penetration and enhance data exchange synchronization. This formed the crux of conversation when the commission paid a strategic working visit to the
The Presidential Fiscal Policy & Tax Reforms Committee has unveiled Nigeria’s new Capital Gains Tax (CGT) framework, designed to promote fairness, reduce investment risk, and encourage long‑term participation in the capital market. While media coverage has largely focused on headline
The Central Bank of Nigeria (CBN) has denied selling foreign exchange for the importation of refined petroleum nor any other products. According to a statement by the Bank’s spokesperson, Mrs. Hakama Sidi Ali, theres been some misreporting that falsely implies the Bank disbursed
The Budget Office of the Federation has said that a provisional Budget Performance Report for FY 2024 will be released by the end of September 2025 even as it continues to adjust to budgetary changes that has stalled the publication of quarterly
Taiwo Oyedele, Chairman of the Presidential Fiscal Policy & Tax Reforms Committee has asked the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) to join the ongoing effort including consultation with key stakeholders to arrive at a generally acceptable outcome of
A staggering 33 million people will face acute food insecurity in Nigeria in 2025, with the number of people facing emergency levels of need projected to almost double according to a new assessment. The food insecurity and malnutrition analysis, Cadre
Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, on Monday, debunked reports making the rounds that the rate for Value-Added Tax (VAT) has been upwardly adjusted to 10% from 7.5%. The Minister, in a statement he
The Federal Inland Revenue Service FIRS has apologised over an Easter message that didn’t sit well with members of the Christian community. The FIRS in a statement by Dare Adekambi, Special Adviser Media to the chairman stated that its attention
By Ekerete Ola Gam-Ikon Of the Sixty-seven (67) licensed insurance companies operating in Nigeria, as recently confirmed by the National Insurance Commission (NAICOM), there are many that are wholly owned (100%) by Nigerians and have certain peculiarities that I
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