FG to track poverty, incomes to assess impact of reforms — Oyedele
By Yinka Kolawole The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has disclosed plans by the Federal Government to publish indicators tracking poverty, incomes and inequality to assess the impact of the government’s economic reforms on the living standards of Nigerians. He said the move is aimed at addressing criticism of the […]
Companies to retain tax holidays for 2yrs under new law
•As tax credits replace tax exemptions By Yinka Kolawole As Nigeria transitions to a new tax regime with effect from January 2026, the 149 companies currently enjoying pioneer status incentives (PSI) have been assured of retaining their tax holidays for at least two more years. Chairman of the presidential tax reform committee, Taiwo Oyedele, disclosed this […]
NDIC, NIBSS partner to speed up depositors’ reimbursement
By Babajide Komolafe The Nigeria Deposit Insurance Corporation (NDIC) and the Nigeria Inter-Bank Settlement System (NIBSS) Plc. are set to formalise a partnership through a Memorandum of Understanding (MoU) aimed at ensuring faster and more efficient reimbursement of depositors in the event of bank failures. The development was disclosed by NDIC Managing Director/CEO, Mr. Thompson Oludare […]
Stock market adds N1.67trn as bullish momentum persists
By Peter Egwuatu Nigerian equities extended their bullish run last week as investors added about N1.67 trillion in value to their portfolios, with the stock market closing higher on a week-on-week basis despite the Yuletide slowdown in trading activities, reflecting sustained confidence in fundamentally strong stocks. Market data showed that investors gained over N1.672 trillion during […]
11 Days to Tax Reform: Will my bank account be blocked from Jan 1, 2026 if I don’t have TIN?
Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has allayed widespread fears among Nigerians over the impending tax reforms scheduled to take effect from January 1, 2026, insisting that the exercise is not designed to overburden citizens with higher tax rates or arbitrary revenue targets.
NEM Group rewards outstanding staff, as subsidiaries exceed targets
By Rosemary Iwunze Members of NEM Group gathered at the 2025 end of year party to count their blessings and appreciate God Almighty for His marvellous deeds in time past and the outgoing year. The event which held in Lagos, at the company’s Head Office was attended by members of the Group – NEM Insurance […]
