Full text of President Tinubu’s New Year message to Nigerians I welcome you all to 2026, with gratitude to God and confidence in our collective resolve that this new year will be a more prosperous one for our nation, our citizens, and all who call Nigeria home. During 2025, we sustained the momentum on our major reforms. We had a fiscal reset and also recorded steady economic progress. Despite persistent global economic headwinds, we recorded tangible and measurable gains, particularly in the economy. These achievements reaffirm our belief that the difficult but necessary reforms we embarked upon are moving us…
Author: Elvis Eromosele
Nigeria has officially ushered in a new era in revenue administration with the unveiling of the Nigeria Revenue Service (NRS), which replaces the former Federal Inland Revenue Service (FIRS). The new institution became operational following the signing of the Nigeria Revenue Service (Establishment) Act 2025 by President Bola Tinubu in June 2025. At the unveiling of the NRS logo in Abuja on Wednesday, Zacch Adedeji, Executive Chairman, described the new brand identity as a major milestone in the evolution of Nigeria’s revenue administration framework. According to a statement issued by Dare Adekanmbi, his Special Adviser on Media, Adedeji said the…
Afrinvest, a leading Nigerian investment management firm, has announced the rebranding of its digital investment platform, Optimus by Afrinvest, to PlutusNeo by Afrinvest, marking the next phase of the firm’s digital strategy focused on expanding access to wealth creation. The digital platform, first launched in 2022, was created to give individuals secure and easy access to Afrinvest-managed investment products through a modern digital interface. Since launch, it has become a trusted channel for Nigerians seeking professionally managed investment solutions, supported by Afrinvest’s over 30 years of experience across Nigeria’s capital markets. The transition to PlutusNeo reflects the platform’s evolution and Afrinvest’s ambition…
Nigeria’s telecommunications industry is set to move from consolidation to expansion in 2026, driven by renewed investor confidence, rising digital demand, and stronger policy coordination, according to the Association of Telecommunication Companies of Nigeria (ATCON). Tony Emoekpere, ATCON President, disclosed this while sharing his outlook for the sector in an interview with the News Agency of Nigeria (NAN) in Lagos. He said the industry enters 2026 with stronger fundamentals, built on collaboration among operators, regulators, and the Federal Government to deepen digital inclusion. Reflecting on 2025, Emoekpere described the year as one of stabilisation and capital discipline. Despite mounting pressures,…
From January 1, 2026, Nigerians initiating bank transfers of ₦10,000 and above will pay a ₦50 stamp duty, following a new Federal Government directive aimed at improving transparency in digital payments. The change, communicated to customers through bank notices, marks a clear departure from the current system where the ₦50 Electronic Money Transfer Levy (EMTL) is deducted from the recipient’s account. Under the revised framework, the ₦50 charge will be paid by the sender of eligible electronic transfers and will be displayed separately from standard bank transfer fees at the point of transaction. Transfers below ₦10,000 are exempt, while salary…
Nigeria’s economy is projected to grow by 4.49 per cent in 2026, buoyed by sustained reform gains, stronger private sector investment, and improving macroeconomic stability, the Central Bank of Nigeria (CBN) has said. The projection, contained in the CBN’s 2026 Macroeconomic Outlook for Nigeria, released on Tuesday, represents an improvement over the estimated 3.89 per cent growth in 2025. According to the apex bank, the outlook hinges on the consistent and well-sequenced implementation of fiscal and monetary policies. It said full execution of the 2025–2027 Medium Term Expenditure Framework (MTEF) is expected to stimulate domestic consumption and investment, boost employment,…
President Bola Tinubu has confirmed that Nigeria’s new tax laws will take effect as scheduled on January 1, 2026, dismissing calls for a delay amid controversy over alleged alterations to the legislation. Speaking on Tuesday, the president said tax measures that took effect on June 26, 2025, alongside additional laws due to commence in January, would proceed as planned. He described the reforms as a “once-in-a-generation” opportunity to reset Nigeria’s fiscal framework. Tinubu stressed that the reforms are not designed to raise taxes but to harmonise existing rules, simplify administration, and strengthen the social contract between government and citizens.…
Late Pa Olatunji Fasuyi was born on October 12, 1942, in Ilesa, Osun State, to the family of Pa Jacob Olowookere Fasuyi and Madam Felicia Kokumo Fasuyi (both of blessed memory). He began his early education in Ilesa before proceeding to Olivet Baptist Boys’ High School, Oyo, for his secondary education. Afterwards, he moved to Ibadan, where he joined Western Nigeria Television (WNTV), Africa’s first television station, which later became the Nigerian Television Authority (NTA). During his years at NTA, Pa Fasuyi undertook several journalism and media production courses, both within Nigeria and abroad. His dedication and professionalism saw him…
Babajide Sanwo-Olu, Lagos State Governor, has appointed Temitope George as the Chief Executive Officer of the Lagos State Electricity Regulatory Commission (LASERC), subject to confirmation by the Lagos State House of Assembly. The appointment was disclosed in a memo signed by the Head of Service, Bode Agoro, which stated that George’s tenure will commence upon legislative confirmation. According to the memo, the Governor approved her nomination to lead the Commission as part of efforts to strengthen electricity regulation and governance in the state. George is currently the Lead Partner for Energy, Infrastructure, and Policy Counsel at Adegbola-George & Co. She…
The Lagos Chamber of Commerce and Industry (LCCI) has cautioned that Nigeria’s proposed 2026 Budget, which earmarks ₦15.52 trillion for debt servicing, poses serious risks to fiscal stability and economic growth, despite signs of improving macroeconomic conditions. In a statement signed by Dr. Chinyere Almona, Director General of the Chamber, warned that the scale of debt servicing remains a major structural concern that could crowd out productive investment and undermine long-term development. LCCI also expressed concern over the late presentation of the 2026 Budget, describing it as a setback for effective fiscal planning. With the National Assembly adjourning on December…