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Rev360 Crash: LCCI demands CIT deadline extension, penalty waiver

Rev360 Crash: LCCI demands CIT deadline extension, penalty waiver

By Yinka Kolawole The Lagos Chamber of Commerce and Industry (LCCI) has urged the Nigeria Revenue Service (NRS) to immediately extend the June 30, 2026 deadline for filing Company Income Tax (CIT) returns by one month. This, according LCCI, follows what it saw as widespread technical failures on the newly deployed Rev360 tax platform that left […]

Power failure costs Nigeria jobs, investments — APFFLON

Power failure costs Nigeria jobs, investments — APFFLON

By Providence Ayanfeoluwa The Africa Association of Professional Freight Forwarders and Logistics of Nigeria (APFFLON) has challenged the Minister of Power, Joseph Tegbe, to translate recent assurances on electricity sector reforms into visible improvements in power supply. The group maintained that Nigerians can no longer afford the economic consequences of persistent electricity failures. In a statement […]

NANS seeks independent investigation into challenges in OSPOLY

NANS seeks independent investigation into challenges in OSPOLY

By Joseph Erunke, Abuja The National Association of Nigerian Students (NANS) has called for an independent investigation into the challenges confronting Osun State Polytechnic (OSPOLY), Iree, saying urgent intervention is needed to safeguard academic standards and protect students’ welfare. In a statement signed by its President, Comrade Akinteye Babatunde, the student body urged relevant regulatory […]

Fake NAFDAC registration used to smuggle drugs into Nigeria — Customs

Fake NAFDAC registration used to smuggle drugs into Nigeria — Customs

Hands over N53bn worth of seized drugs, expired pharmaceuticals to NDLEA, NAFDAC By Efe Onodjae The Nigeria Customs Service (NCS) has uncovered an attempt to smuggle unregistered pharmaceutical products into Nigeria using a fake registration number of the National Agency for Food and Drug Administration and Control (NAFDAC). The Comptroller-General of Customs, Bashir Adeniyi, disclosed this […]

FG omitted N8.8trn spending worth 2% of GDP from recent budgets — IMF

FG omitted N8.8trn spending worth 2% of GDP from recent budgets — IMF

By Yinka Kolawole, with agency report The International Monetary Fund (IMF) has disclosed that the Federal Government (FG) failed to capture public expenditure equivalent to about two per cent of Nigeria’s Gross Domestic Product (GDP) in recent national budgets, creating a mismatch between the country’s reported fiscal deficit and its actual financing needs. IMF’s Resident Representative […]