Tensions escalate as US Navy captures Iranian-flagged vessel Touska in Strait of Hormuz. Iran condemns the act, claiming it violates ceasefire agreements.
Nigerian government updates the banned import list, including cement and fertiliser, effective April 1, 2026, amid World Bank's calls to enhance competitiveness.
Ambrose Alli University’s SUG has denied organising the recent protest, insisting it was led by non-students and urging the Edo State government to release students.
The National Revenue Service (NRS) has published a phone number and an email address through which Nigerians can report tax-related issues to the agency.
Nigeria's naira modestly gains to ₦1,423.17/USD in the official market, while the parallel market weakens amid dollar scarcity, widening exchange rate gaps.
The Minister of Works, David Umahi, has disclosed the federal government's decision on the possibility of tolling the Third Mainland Bridge in Lagos.
The naira dips against the dollar despite improved forex liquidity, with total FX inflows rising. Analysts foresee stronger trade opportunities ahead in 2026.
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.
Economy
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