Viral Tax Warning: 'First Deduction Go Hit Like Sledgehammer'
A Nigerian man's viral tweet sparks reactions as he warns that the first tax deduction under new rules will hit citizens hard. See the public's mixed responses.
Category : Business
Insurer pays N35.3bn claims by Q3 2025
Mutual Benefits Assurance Plc paid N35.3 billion in claims by September 2025, a record high. The payout shows strong commitment to policyholders amid economic challenges. Read the full breakdown.
New Tariffs to Make Nigeria's Ports 55% More Expensive
Maritime stakeholders warn that a new tariff hike approved by the Nigerian Shippers' Council will make doing business at Nigerian ports 55% costlier than other West African ports, contradicting government's cost-reduction goals.
FIRS Transitions to Nigeria Revenue Service (NRS)
A new era begins as the Nigeria Revenue Service (NRS) officially replaces the FIRS. Discover the goals of the new tax regime and what it means for Nigeria's economy.
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Six dead, four rescued in Lagos boat mishap
A passenger boat accident in Lagos has left six dead and four rescued. Authorities are searching for missing persons after the vessel hit a submerged object. Read the latest updates.
Egbin Power's Football Initiative Fosters Community Unity, Growth
Egbin Power Plc reaffirms its commitment to inclusive development through its annual football tournament, a key PCSR initiative empowering youth and strengthening community bonds in its host areas. Discover how the GenCo is investing in sustainable growth
Registration Opens for 2026 Holy Land Pilgrimage
Nigerian travel firm Time to Fly opens registration for its 2026 Holy Land Experience pilgrimage to Israel & Jordan from March 17-26. Led by Dr. Ajibola Mary JP. Register now!
Bluebulb Wins Finance Excellence Award at 2025 PBN Awards
Bluebulb, a cross-border payments fintech, has won the Finance Excellence Award at the 2025 PBN Awards. The award recognises its work in removing barriers for African businesses in global trade. Read more about this achievement.
Man Cries Out as N100k Bank Transfer Becomes N63k
A Nigerian man raises alarm after transferring N100,000 to his Zenith Bank account, only to find a balance of N63,000. The incident sparks online reactions and tax deduction theories. Read full details.
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Nigerian Woman Returns N330M Mistakenly Credited to Her
Aisha Isah Yelwa, a petty trader from Lapai, Niger State, displayed remarkable integrity by returning N330 million mistakenly sent to her First Bank account. Read her inspiring story.
Elumelu's Heirs Energies Buys $500m Seplat Stake
Heirs Energies, led by Tony Elumelu, has acquired a 20.07% stake in Seplat Energy for $500 million. The deal, backed by Afreximbank, marks a major shift towards indigenous ownership in Nigeria's energy sector. Read the full story.
Bayelsa Governor Urges Patience on Power Project
Governor Douye Diri asks Bayelsa residents for understanding as the 60MW independent power project faces delays but is over 90% complete. Target inauguration set for February anniversary.
Controversial Tax Reforms Begin Jan 1, 2026
President Tinubu's sweeping tax reforms begin today despite opposition from Atiku and Northern groups. FG insists changes are vital for economic growth. Read the full story.
New Nigeria Revenue Service Logo Unveiled in Abuja
NRS Chairman Zacch Adedeji unveils the agency's new logo, signaling a commitment to a unified, efficient revenue system aligned with Nigeria's economic agenda. Read more.
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Tinubu: No Going Back on Jan 2026 Tax Reforms
President Bola Tinubu insists Nigeria's new tax laws will commence January 1, 2026. He calls it a 'once-in-a-generation' fiscal reset, not a tax hike. Read the full details.
Kachikwu to Tinubu: Nigerians Can't Start 2026 with More Taxes
ADC's Dumebi Kachikwu criticizes proposed tax reforms, warning they could trigger a major crisis amid Nigeria's security woes. He urges compassion over new burdens. Read his full statement.
Firm Disputes FHA Claims Over Gwarinpa Land
Tulwu Integrated Ltd counters Federal Housing Authority's encroachment allegations, presents documents, and claims illegal demolition and assault occurred. The court case continues in January 2026.
Tax Chief: No Auto-Debit from Accounts in New Law
Taiwo Oyedele assures Nigerians the new tax reforms will not lead to automatic bank debits. The system is based on self-declaration, targeting high-income individuals. Read details.
UK-based Nigerian Lady Paid N66.9m Tax, Questions FG
A Nigerian lady in the UK reveals she paid N66.9 million in tax, sparking debate on transparency as Nigeria's new 2026 tax law takes effect. Read her full story and public reaction.
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Get Your Tax ID with NIN: Simple Steps to Avoid Issues
Nigerians can now retrieve their 13-digit Tax Identification Number (Tax ID) using their NIN via the new Tax ID Portal. Learn the steps for individuals and businesses to comply with the new tax law effective January 1, 2026.
Power Oil Brings Cheer to Bethesda School of the Blind
Power Oil visited Lagos's Bethesda School of the Blind, donating gifts and a ₦1 million cash prize. The festive outreach followed a public vote, spreading joy and support. Read more.
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Power Oil Brings Christmas Cheer to Bethesda School for the Blind
Power Oil turned social media nominations into real impact, visiting the Bethesda School of the Blind with gifts and a N1 million prize. See how they powered love this season.
Naira Escapes Africa's 10 Weakest Currencies in 2025
South Sudanese pound and Ethiopian birr lead Africa's worst-performing currencies in 2025, losing over 10% vs dollar. See why the Naira avoided the bottom 10 despite its struggles.
Power Oil Donates to Bethesda School for the Blind
Power Oil brought festive joy to Lagos's Bethesda School for the Blind, donating gifts and awarding a ₦1 million cash prize. See how the community-driven initiative made a difference.
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Man Celebrates 2026 Tax Cut, Shares Evidence
A Nigerian worker shares proof of his reduced tax rate under the new 2026 law. See the mail from his company and public reactions to the positive news.
Avoid Tax Overpayments with Accurate Bank Transfer Narrations
As Nigeria's new tax regime begins in January 2026, experts advise using clear bank transfer descriptions like 'Gift' or 'Loan' to prevent overpayment and tax audits. Learn the simple, legal narrations.
Barber Adds VAT to Haircuts Ahead of 2026 Tax Law
A Nigerian man's viral post reveals his barber adding a 7.5% VAT charge from January 1, 2026, sparking debate on the new tax law's reach. Read more about the public reaction.
Banks to Charge N50 Stamp Duty from Jan 1, 2026
Nigerian banks will implement a N50 stamp duty levy on electronic transfers of N10,000 and above starting January 1, 2026. Learn what's changing and which transactions are exempt.
Blord's Tax Evasion App Sparks Public Mockery, Distrust
Crypto entrepreneur Blord faces online ridicule after promoting an app to avoid 2026 taxes. Nigerians express deep distrust, citing his past arrest and preferring to pay government taxes.
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Heirs Energies Buys $500M Stake in Seplat Energy
Tony Elumelu's Heirs Energies acquires a 20.07% stake in Seplat Energy from Maurel & Prom for $500 million, marking a major shift in indigenous ownership of Nigeria's energy assets. Read the full details.
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