The APC has suffered a major setback as strong stakeholders dump the party to support PDP and ex-minister of late President Muhammadu Buhari ahead of 2027.
See Africa's highest average monthly net salaries in 2026: Djibouti leads at $2,836, while South Africa and Seychelles follow; Nigeria now ranks 36th at $140.
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.
Taiwo Oyedele, chairman of the presidential fiscal policy and tax committee, has disclosed the category of Nigerians who are opposed to the ongoing tax reforms
Naira reaches N1,400.47 per dollar, its highest in nearly two years, supported by record external reserves of $46.012 billion and oil production reforms.
Nigerian workers see increased take-home pay due to reduced PAYE deductions under new tax laws, as reforms aim to simplify taxation and enhance disposable income.
Nigeria's foreign exchange reserves hit $46.012 billion, its highest in eight years, driven by crude oil production growth and sector reforms, promising optimism.
Naira appreciates to ₦1,401.22 per dollar, buoyed by improved liquidity and rising reserves, despite global oil prices softening, signalling renewed confidence.
The government will use its statutory “Power of Substitution” under NTAA 2025 to recover unpaid taxes through banks, employers, tenants, and business partners.
The federal government has proposed spending about N30.34 billion on solar mini-grids, inverters and related renewable energy solutions for ministries and agencies.
Economy
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