The Federal Government of Nigeria has launched a new Electronic Fiscal System (EFS) to modernize tax administration and combat tax evasion. The system, which includes an e-invoicing solution known as the Merchant-Buyer System (MBS), is designed to provide the Federal Inland Revenue Service (FIRS) with real-time visibility into business transactions. The rollout of the e-fiscal…
The Nigerian Education Loan Fund (NELFUND) has announced a significant milestone in its mission to provide financial assistance to students in higher education. The fund has disbursed a total of ₦86.3 billion in student loans, benefiting a staggering 450,000 students across the country. This development marks a crucial step in the implementation of the student…
Nigerian states have been hit with a significant increase in the cost of servicing their foreign debts, with payments surging by 68% in the first half of 2025 compared to the same period in 2024. This alarming figure, based on data from the Debt Management Office (DMO) and the National Bureau of Statistics (NBS), highlights…
Recent comments by former Jigawa State governor, Sule Lamido, have sparked a conversation within the political sphere regarding the future of the Peoples Democratic Party (PDP) and its prospects for the 2027 presidential election. Lamido, a prominent figure and founding member of the PDP, has reportedly thrown his support behind former President Goodluck Jonathan, describing…
The Corporate Affairs Commission (CAC) has acknowledged the difficulties its customers are facing with stamp duty payments on its portal and has provided an update on the situation. In a recent statement, the CAC explained that the payment issues are a result of a technical incompatibility between its newly upgraded and more advanced portal and…
The Enugu State Internal Revenue Service (ESIRS) has strongly refuted claims that rising house rents in the state are a direct result of government taxation policies. In a recent press briefing, the Chairman of the ESIRS, Emmanuel Nnamani, stated that the issue is a nationwide problem driven by the fundamental economic principles of supply…
ABUJA, NIGERIA – The Federal Capital Territory (FCT) has, for the first time, surpassed Lagos State to become Nigeria’s leading destination for foreign investment. This significant shift in the country’s economic landscape was revealed in the Q1 2025 Capital Importation report released by the National Bureau of Statistics (NBS). According to the report, Abuja…
A 17-year-old student from Yobe State, Nafisat Abdullah Aminu, has brought immense pride to Nigeria by emerging as the top performer in English Language skills at the 2025 TeenEagle Global Finals in London, United Kingdom. Nafisat, a student of the Nigerian Tulip International College (NTIC), outshone more than 20,000 students from 69 countries, including…
UMUAHIA, NIGERIA – The Abia State government has officially declared the state to be free of new outbreaks of major public health diseases, including cholera and monkeypox. The announcement was made by the state’s Commissioner for Health, Okey Kanu, following the weekly Executive Council meeting. Kanu stated that there have been no new reported…
The Nigerian Civil Aviation Authority (NCAA) has suspended the licenses of two pilots from ValueJet airline following a “serious breach of aviation safety protocols” at the Nnamdi Azikiwe International Airport in Abuja. The incident, which occurred on Tuesday, has prompted immediate enforcement action from the regulatory body. According to a statement released by the…
