Nigeria’s Value Added Tax (VAT) collections rose to N2.28 trillion in the third quarter of 2025, representing a 10.66 per cent increase from the N2.06 trillion recorded in Q2 2025, according to the National Bureau of Statistics (NBS). The VAT Q3 2025 report shows that local VAT payments accounted for N1.12 trillion of the total, while foreign VAT contributed N680.23 billion. Import VAT added N479.79 billion during the quarter. On a quarter-on-quarter basis, administrative and support service activities posted the strongest growth at 89.28 per cent. Arts, entertainment and recreation followed with 82.49 per cent growth, while human health and…
Author: Elvis Eromosele
The Federal Government has rolled out new regulations to bring millions of informal businesses into the tax net, banning roadside tax collections and cash enforcement nationwide. At a signing ceremony in Abuja, Wale Edun, Minister of Finance and Coordinating Minister of the Economy, said the presumptive tax regulations mark the transition from legislation to full implementation of reforms introduced between mid-2025 and January 2026. According to Edun, the framework is designed to expand Nigeria’s tax base without increasing rates, while ensuring transparency, fairness, and consistency across federal, state, and local governments. The regulations were issued under the guidance of the…
Escalating conflict between the United States and Iran is beginning to bite Nigerian consumers, as depot owners raise the price of liquefied petroleum gas (LPG), commonly known as cooking gas, by an average of N100 per kilogram. Major distributors have adjusted prices upward. NIPCO Plc is now selling LPG at N950 per kilogram, while Navgas Limited and Techno Oil Limited have priced their products at N900 and N885 per kilogram, respectively. The increases mark a sharp rise from the previous market average of about N800 per kilogram. The spike follows coordinated US–Israel airstrikes on Iran and heightened tensions across the…
Godfrey Adejumoh, a seasoned top-performing Global Business Communications Strategist and Thought Leader, is set to launch a book titled, ‘Winning with Strategic Communications: Essential Strategies for the Next Generation of Leaders.’ Winning with Strategic Communications, is a veritable playbook for navigating today’s complex world of leadership, communication, and influence. It is an important book for communications leaders of all ages. In this book, Godfrey distils years of lived experience, professional insights, and lessons from the frontline of Public Relations into clear, actionable strategies. At its heart, this work seeks to bridge the often-wide gap between theory and practice. While academia…
By Elvis Eromosele Across Lagos, the evidence is visible and increasingly troubling. Overflowing bins dot residential streets; refuse heaps encroach on walkways; and residents wait longer than usual for waste trucks that appear overwhelmed. At first glance, the problem seems to lie with collection. However, closer investigation reveals that the real crisis begins at the point of disposal. Private Sector Participants (PSPs), the backbone of Lagos’ waste collection system, are facing unprecedented delays at approved landfill sites such as Olusosun and other designated disposal hubs. Trucks that once completed multiple trips within days now queue for five to fourteen days…
By Idris Olorunnimbe There is a moment in every generation when a country gets the chance to make a decision that reshapes the trajectory of millions of lives. Nigeria is at that moment now, and the decision is simpler than most people think. Zero-rate educational websites. Make learning data-free. Let’s do it now. When ALTON paid me a courtesy visit recently at the NCC’s Ikoyi office, I used the occasion to issue a clear charge: telecom operators must prioritise the zero-rating of credible educational platforms as a near-term, high-impact intervention. The response was encouraging. But encouragement is a starting point.…
The Bank Directors Association of Nigeria (BDAN) has appointed Dr. Oluwayemisi Olorunshola as Chairman of its Board of Directors, following the retirement of Mustafa Chike-Obi after completing his tenure. Dr. Olorunshola currently serves as Chairman of Wema Bank Plc and brings over 25 years of experience spanning supply chain management, business leadership, and corporate governance. Her career includes more than 15 years in a multinational organisation and over a decade as a business manager, with expertise in production planning, procurement, distribution, logistics, and import-export operations. She joined BDAN’s Board in January 2023 and has played an active role in advancing…
Traffic chaos persisted on Monday at the toll gates leading to the Murtala Muhammed International Airport (MMIA) following the full rollout of the Federal Airports Authority of Nigeria’s (FAAN) “Go Cashless” card system. Motorists without the mandatory access cards were denied entry and directed to park and register at designated points near the gates, worsening congestion along Airport Road. Traffic reportedly built up from the 7 & 8 bus stops early in the morning, stretching toward the toll plaza. Although Federal Airports Authority of Nigeria (FAAN) had previously announced that cash payments would end on February 28, many drivers said…
Global energy markets jolted on Monday after QatarEnergy suspended liquefied natural gas (LNG) production following drone strikes on its facilities, triggering a nearly 50 per cent surge in European gas prices. In a statement, QatarEnergy said it halted LNG and associated output after military attacks targeted operations in Ras Laffan Industrial City and Mesaieed Industrial City. Qatar’s Ministry of Defence confirmed that two drones launched from Iran struck a water tank at a Mesaieed power plant and an energy facility in Ras Laffan. Authorities reported no casualties, adding that damage assessments are ongoing. The disruption has raised concerns over global…
The Joint Admissions and Matriculation Board (JAMB) has announced that 2,243,816 candidates have registered for the 2026 Unified Tertiary Matriculation Examination (UTME). The figures were disclosed in the Board’s latest bulletin signed by its Public Communication Advisor, Fabian Benjamin, as registration nears its March 26 deadline. The examination is scheduled to hold nationwide from April 16 to April 25, 2026. At a press briefing, Is-haq Oloyede, JAMB Registrar, revealed that the Board uncovered syndicates using AI-generated images and videos of senior officials to defraud candidates. He said, with the approval of the Minister of Education, at least 100 registrations linked…