Bauchi Governor Bala Mohammed's planned defection to APC collapses as power-sharing talks fail, leading his camp to explore alternative political options.
The federal government has reduced the import tariff on fully built passenger vehicles from 70 per cent to 40 per cent under its 2026 fiscal policy measures.
The Presidential Fiscal Policy and Tax Reforms Committee has responded to KPMG’s assessment of Nigeria’s new tax laws, in which the firm identified "errors".
As the naira dips to N1,419.71 per dollar amid cautious trading, analysts foresee stability in 2026, despite oil market uncertainties impacting Nigeria's FX inflows.
KPMG highlights significant errors in Nigeria's new tax laws, creating compliance risks and uncertainties. Urgent clarifications needed for fairness.
Tax experts clarify that only electronic transfers incur a ₦50 stamp duty, not bank balances. New laws exempt certain transactions while offering rent relief.
Nigeria's new VAT formula increases states' share to 55%, shifting N461.27bn to local governments and marking a pivotal change in fiscal federalism for 2026.
Nigeria's naira is set to appreciate to N1,350-N1,450 per dollar by 2026, driven by FX reforms amid global oil price risks and easing inflation, CardinalStone says.
Togo, Niger and Benin owe Nigeria over $17.8 million (over N25 billion) for electricity supply, the Nigerian Electricity Regulatory Commission (NERC) has disclosed.
The Nigeria Revenue Service (NRS), working with NITDA, has accredited Pillarcraft Cloud Solutions as a System Integrator for the national e-invoicing framework.
In 2025, the naira appreciated by over 7%, supported by CBN reforms, rising external reserves to $45.60 billion, transforming the FX market for a stable currency.
Economy
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