By FIDELUS ZWANSON FG–KPMG Talks Highlight Challenges of Implementing Nigeria’s Tax Reforms Consultation Amid Controversy THE Federal Government’s meeting with KPMG officials in Abuja underscores the complexities surrounding the rollout of Nigeria’s new tax laws. The engagement comes against the backdrop of widespread debate among businesses and tax professionals following KPMG Nigeria’s critical report on […]
By OBIOMA TORI NDIC Declares ₦24.3 Billion Second Liquidation Dividend for Heritage Bank Depositors THE Nigeria Deposit Insurance Corporation (NDIC) has announced the disbursement of a second liquidation dividend of ₦24.3 billion to depositors of the now-defunct Heritage Bank Limited, marking another milestone in efforts to safeguard customer funds and restore confidence in the nation’s […]
By TOSAN OYAKHILOME-AKAHOMEN Contradictions at the Heart of the 2026 Budget THE 2026 federal budget has exposed a widening gap between policy directives and fiscal execution, as MDAs introduced new capital projects worth ₦3.50 trillion despite a formal government freeze. A December 2025 Budget Call Circular directed MDAs to roll over most of their 2025 […]
By FIDELUS ZWANSON THE Chairman of the Alliance for Economic Research and Ethics (AERE), Dele Kelvin Oye, has warned that certain provisions of the Nigeria Tax Act 2025 could undermine the objectives of the reform if not reviewed to reflect economic realities. Oye identified the cap on rent relief—limited to ₦500,000 annually—and restrictions on foreign […]
Nigeria First: A Familiar Promise, A Familiar Failure FOR decades, successive Nigerian governments have proclaimed their commitment to industrialisation and local production. Yet the country’s manufacturing sector continues to tell a story of stagnation, decline, and missed opportunities. The much-publicised “Nigeria First” policy of the Bola Tinubu administration, like similar initiatives before […]
Consumers to Get Faster Refunds Under NCC–CBN Failed Transaction Policy THE NCC and the CBN have developed a new consumer protection framework designed to ensure faster refunds for failed airtime and data transactions across Nigeria’s telecom and banking systems. The policy follows extensive engagements with industry players, including telecom operators, banks, and VAS providers, amid […]
By FIDELUS ZWANSON Tax Reform Controversy as Oyedele Challenges KPMG’s Findings A Law Under the Microscope NIGERIA’S newly enacted tax laws are facing intense scrutiny after a Dutch global accounting firm Klynveld Peat Marwick Goerdeler (KPMG) released a detailed review identifying perceived inconsistencies and policy gaps. While the firm acknowledged the law’s revenue potential, it […]
By OBI DAVIES Nigeria’s 2026 Bank Recapitalisation Enters the Final Phase WITH the 31st March 2026 deadline fast approaching, Nigeria’s banking sector is undergoing its most significant structural shake-up in more than a decade. The Central Bank of Nigeria’s (CBN) recapitalisation directive has moved beyond speculation into execution, reshaping balance sheets, ownership structures and long-term […]
By AUGUSTINA McSOLOMON-OGHAKPERUO Unlocking Nigeria’s Buried Wealth: Can Solid Minerals Deliver Lasting Revenue? A Sector Re-Imagined FOR decades, Nigeria’s solid minerals sector existed on the margins of national planning, overshadowed by oil. That is changing. Under President Tinubu’s diversification drive, mining has been repositioned as a strategic revenue engine. With […]
Over $9.5m Abacha Funds to Boost Abuja–Kano Road Project Funds From Corruption Back in Public Use MORE than $9.5 million stolen during Nigeria’s military era will soon be redirected to public infrastructure, as Jersey finalises plans to repatriate funds linked to former dictator Sani Abacha. The return follows a Memorandum of Understanding between Jersey and […]