The White House has reacted to viral rumours claiming President Donald Trump has died, providing a notable update as speculation spreads widely online.
The naira strengthens to N1,302 against the US dollar, gaining N11 in a day as forex turnover rises 62%, supported by Nigeria's $54 billion reserves.
Nigeria’s new Tax Act tightens filing timelines, raises penalties, and signals tougher enforcement as authorities prepare for full implementation.
Nigeria’s state governments and the Federal Capital Territory received a total of N2.45 trillion from the federal government between March 2024 and August 2025.
In 2025, Lagos accounted for 52% of Nigeria's VAT, reinforcing its economic dominance, while new tax reforms threaten future revenues amid regional disparities.
Nigeria's external reserves rose by $66m to $46.11bn in January, boosted by strong Brent crude prices and a near two-year high naira, showing improved confidence.
Nigerians face urgent tax compliance warnings as less than 5% file annual returns. Government stresses filing obligations to avoid penalties and audits.
The CBN's revised exchange rate aids importers as the naira appreciates against the dollar, ending January strong at N1,386, bolstered by rising external reserves.
The naira strengthens against the dollar, reaching N1,386.55, reflecting improved FX stability and optimism for 2026 amid rising foreign investments and oil inflows.
The LIRS has announced a one-week extension for the submission of employers’ annual tax returns, shifting the deadline from February 1 to February 7.
Nigeria's 2026 tax reforms has shifted from persuasion to enforcement, with wage incentives for businesses, digital income taxation, and a new era of compliance.
Economy
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