By Ayomide Otitoju The Chairman of the National Tax Policy Implementation Committee (NTPIC), Joseph Tegbe, has said the success of Nigeria’s newly enacted tax reform framework will depend more on disciplined implementation than on the ambition of the legislation. Speaking at the 2026 Leadership Retreat of the Nigeria Revenue Service (NRS), Tegbe noted that Nigeria’s…
By Ayomide Otitoju At the International Energy Week (IEW) 2026 in London from February 10–12, NNPC Ltd’s Chief Financial Officer, Adedapo Segun, addressed a distinguished panel on Africa’s energy future. Segun stressed the urgency for African nations to prioritize energy access for their populations while tapping into green financing solutions to drive sustainable growth. He…
By Ayomide Otitoju The Presidential Fiscal Policy and Tax Reforms Committee has dismissed as false a viral video claiming that new tax laws would take effect in 2027 and impose a 25 per cent tax on funds for building materials and other transactions. committee clarified that the Nigeria Tax Act 2025 has already commenced and…
By Ayomide Otitoju The Director-General of the Nigeria–China Strategic Partnership (NCSP), Joseph Tegbe, has congratulated the Government and people of China as they celebrate the Spring Festival and usher in a new Lunar Year, noting that the occasion coincides with the 55th anniversary of diplomatic relations between Nigeria and China. In a statement, Tegbe described…
By Ayomide Otitoju Polaris Bank has introduced a new Gift Card feature on its digital lifestyle platform, VULTe, enabling customers to send global brand gift cards to family and friends across borders within seconds. The bank said the feature is designed to offer speed, security and convenience, allowing users to select from a wide range…
By Ayomide Otitoju Dangote Group has signed a $400 million construction equipment agreement with XCMG Construction Machinery Co., Ltd. to support the expansion of the Dangote Petroleum Refinery & Petrochemicals from 650,000 barrels per day to 1.4 million barrels per day. The expansion, once completed within the next three years, is expected to position the…
By Ayomide Otitoju The Nigeria Customs Service (NCS) has clarified that it does not determine or alter foreign exchange rates used in import and export valuation, stating that it relies solely on official figures transmitted by the Central Bank of Nigeria (CBN). In a statement issued by its National Public Relations Officer, Abdullahi Maiwada, the…
By Ayomide Otitoju Chairman of Heirs Holdings and member of the Presidential Economic Council, Tony Elumelu, has lauded President Bola Tinubu for economic reforms he said have ended the era of foreign exchange (FX) scarcity in Nigeria. Elumelu spoke on Friday after meeting with the President at the Presidential Villa in Abuja, where discussions centred…
By Ayomide Otitoju The Nigeria–China Strategic Partnership (NCSP) has reaffirmed its commitment to deepening collaboration with the Organized Private Sector to accelerate Nigeria’s industrial expansion. This followed a high-level meeting with the leadership of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), where both parties agreed to align institutional efforts to…
