The Chairman of the Nigeria Revenue Service (NRS), Dr. Zacch Adedeji, has appealed to security agencies to remain alert amid circulating rumours of planned protests against the newly introduced tax laws, stressing the need to counter misinformation and maintain public order. Dr. Adedeji made the appeal on Sunday during an interview on Arise Television, where he expressed concerns about unverified claims and speculative narratives that, in his view, are stoking fears and agitation rather than fostering informed understanding of the tax reforms. He urged Nigerians to differentiate between fact and rumour, advising them to carefully study the tax laws and…
Author: Adejuyigbe Adegoke
On the afternoon of Saturday, gunmen stormed Kasuwan-Daji market in Demo Village, within the Borgu Local Government Area of Niger State. The attackers, believed to have emerged from the National Park forest along Kabe District, opened fire on residents, set fire to the market and homes, and abducted several people — including women and children. At least 30 villagers were killed, with some local accounts suggesting the toll could be significantly higher as families continue to search for loved ones still missing in the gunmen operations that crossed into Sunday. Survivors describe the assailants operating for hours in broad daylight, striking…
The Federal Government’s plan to identify at least one exportable product in each of Nigeria’s 774 local governments by 2026 is a bold attempt to move trade policy from conference halls to communities. At a time when oil revenues are unreliable, the idea that every part of Nigeria should produce something competitive for the African market is both strategic and overdue. From Abuja to the Grassroots For too long, export discussions have been dominated by federal agencies and big cities. This initiative flips the script by recognising that economic potential exists in villages, towns, and semi-urban centres across the country.…
On Saturday, Nigerian public affairs commentator and former senator, Shehu Sani, issued a stark warning that if urgent reforms aren’t undertaken, Nigerians may eventually be barred from entering other countries worldwide. His remarks stem from growing visa restrictions, travel bans, and evolving global attitudes toward migration, especially from developing nations. The Context: Rising Travel Restrictions Sani’s warning did not come in isolation. It follows a series of travel restrictions imposed by foreign governments, most notably the United States visa restrictions on Nigerian nationals. In late 2025, the U.S. expanded visa restrictions, barring Nigerians from entering on several categories of visas…
Nigeria, known as the “Giant of Africa,” is a land of breathtaking landscapes, rich culture, and vibrant cities. In 2025, the Nigeria’s tourism sector witnessed a remarkable resurgence as both domestic and international travelers explored its diverse attractions — from bustling urban hubs and historical landmarks to serene waterfalls and scenic highlands. With this article, I review the five most toured destinations in Nigeria in 2025, highlighting the places that captured the imagination of visitors, offered unique experiences, and set the pace for the nation’s growing tourism industry. Whether you’re a nature lover, a history enthusiast, or an adventure seeker,…
In a significant reform of Nigeria’s fiscal architecture, the Federal Inland Revenue Service (FIRS), has officially been replaced by the newly established Nigeria Revenue Service (NRS), marking a new chapter in our national tax administration system. The transition took effect as the Nigeria Revenue Service Establishment Act 2025 — signed into law by President Bola Ahmed Tinubu in June 2025 — came into force alongside a broader suite of tax reforms starting January 1, 2026. A New Identity for Revenue Mobilisation At a high-profile ceremony in Abuja, the NRS unveiled its official logo and brand identity, signifying not just a…
Heirs Energies Limited, a leading African indigenous energy company, has acquired a 20.07% equity stake in Seplat Energy Plc from French oil and gas producer Maurel & Prom S.A. in a transaction valued at approximately $500 million. The deal positions Heirs Energies as the largest single shareholder in Seplat, signaling a landmark shift toward greater indigenous ownership in Nigeria’s energy sector. Transaction Overview Stake Acquired: 20.07% of Seplat Energy Plc Seller: Maurel & Prom S.A., a longstanding shareholder since Seplat’s foundation in 2010 Transaction Value: $500 million (approximately £3.05 per share for 120.4 million shares) Financing: Backed by Afreximbank and…
Nigeria’s oil production performance in November 2025 has taken a noticeable downturn, with total crude and condensate output dropping to 1.599 million barrels per day (bpd). This represents a 5.9 percent year-on-year decline from the 1.698 million bpd recorded in November 2024, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Production Details and Context The NUPRC’s December 2025 Crude Oil and Condensate Production Report shows that the nation’s daily average output in November was 1,599,054 bpd, which includes 1,436,005 bpd of crude oil and 163,049 bpd of condensate. During the month, production fluctuated between a low of 1.54 million…
Falana Draws the Line Renowned human rights lawyer and Senior Advocate of Nigeria (SAN), Femi Falana, has issued a strong warning to the Federal Government over its planned implementation of newly enacted tax laws, insisting that the reforms cannot legally take effect until serious controversies surrounding them are resolved. Speaking to journalists in his hometown of Ilawe-Ekiti on Wednesday, Falana made it clear that unresolved legal questions threaten to derail the reforms before they even begin. Alleged Insertions Raise Red Flags At the heart of Falana’s concern are allegations of unauthorised insertions into the tax laws. According to him, these…
From January 1, 2026, banks and financial institutions in Nigeria will begin charging senders a N50 stamp duty on electronic money transfers of N10,000 and above, a move that is set to affect millions of Nigerians who use digital banking services for daily transactions. What Is the Stamp Duty? The charge is a one‑off fee of N50 applied to every electronic transfer or receipt of funds of N10,000 or more between accounts. This is part of the revised tax rules under the Nigeria Tax Act (NTA) 2025, and it replaces the existing Electronic Money Transfer Levy (EMTL). Previously, the N50…
In a significant development for Nigeria’s legal system, President Bola Ahmed Tinubu has approved the appointment of Senior Advocate of Nigeria (SAN), Rotimi Iseoluwa Oyedepo as the new Director of Public Prosecutions (DPP), in the Federal Ministry of Justice. The appointment comes with the official transfer of Oyedepo’s service from the Economic and Financial Crimes Commission (EFCC), to the mainstream Federal Civil Service, highlighting the government’s intention to strengthen internal prosecutorial capacity. A letter dated December 23, signed by Omolabake Mafe on behalf of the Chairman of the Federal Civil Service Commission (FCSC), stated that Oyedepo’s appointment was made “in…
The Federal Government has dismissed as outright fiction, a document circulating online that alleges a secret plot to clamp down on opposition figures ahead of the 2027 elections. Labelled ADP4VIP—short for Arrest, Detain, Prosecute for Very Important Persons—the document claims a covert, multi-agency task force has been set up to target political opponents. The government says the story is entirely made up. “No Such Programme Exists” In unequivocal terms, the Tinubu administration said there is no programme called ADP4VIP and no clandestine task force involving the EFCC, ICPC, NFIU or the Office of the National Security Adviser. Officials described the…
