Author: Ifetayo Adeniyi

FIRS Rebrands Under New Tax Reform Laws Court green-lights Tinubu administration to roll out reformed tax system as revenue agency adopts new identity and logo. The Federal Inland Revenue Service has officially rebranded as the Nigeria Revenue Service (NRS), marking a significant shift in the country’s revenue administration as new tax legislation takes effect this Thursday. The transformation follows President Bola Tinubu’s signing of the Nigeria Revenue Service Establishment Act 2025 last June. At Wednesday’s logo unveiling ceremony in Abuja, NRS Executive Chairman Zacch Adedeji described the rebrand as “an important milestone in the evolution of Nigeria’s revenue administration framework.”…

Society of Digital Newspaper Owners of Nigeria (SDNON) Mourns Fallen Journalists in Gombe Road Tragedy, Victims of Anthony Joshua Accident The Society of Digital Newspaper Owners of Nigeria (SDNON) receives with profound shock and deep sorrow the heartbreaking news of the death of seven journalists and media professionals in a tragic road accident along the Biliri–Kumo road in Gombe State. This devastating incident is not only a painful loss to the families and loved ones of the deceased but also a heavy blow to the Nigerian media industry and the public service at large. The journalists who lost their lives…

GTCO Raises N10 Billion In Private Placement Guaranty Trust Holding Company Plc (“GTCO” or the “Company”) has obtained the approvals of both the Central Bank of Nigeria (“CBN”) and the Securities and Exchange Commission to undertake a private placement of its ordinary shares, subject to the fulfilment of the applicable conditions precedent and regulatory requirements. The Financial Holding Company had earlier on August 29, 2025 announced that its banking subsidiary (Guaranty Trust Bank Limited) had satisfied and surpassed the new CBN minimum capital requirement for commercial banks with international authorisation, having already increased its capital to ₦504,037,107,058.45. This private…

AltBank Supports Teachers as Nigeria faces Deepening Classroom Crisis In a direct response to the declining access to trained educators across Nigeria, The Alternative Bank (AltBank) partnered with the Busayo Ademuyiwa Foundation (BAF) to host the 2025 BAF Teachers’ Conference in Lagos. The concentrated, one-day intervention was designed to strengthen the capacity of frontline educators. The event delivered hands-on training to hundreds of primary and secondary school teachers drawn from underserved communities across the country. Nigeria’s education sector sits at a critical inflection point. With over 65% of classrooms in underserved regions lacking access to trained educators or modern teaching…

NNPC slashes petrol price below N800/litre, posts N502bn profit in 2025 NNPC Limited The Nigerian National Petroleum Company Limited recorded a profit after tax of N502bn in November 2025, sustaining its profitability streak despite a decline in crude oil and condensate production during the month. This came as the state-owned energy firm simultaneously joined an intensifying price war in the downstream sector by cutting the pump price of petrol below N800 per litre. Figures from the NNPC Monthly Financial and Operations Report for November 2025, released on Wednesday, showed that the national oil company generated N4.36tn in revenue during…

Anthony Joshua heads home amidst emotions, heavy heart Anthony Joshua British Nigerian boxer, Anthony Joshua, who was involved in an accident that claimed the lives of his two associates on Lagos -Ibadan expressway on Monday has been discharged from hospital where he has been for treatment. The Lagos and Ogun state governments in a jointly signed statement said Joshua was released from the hospital late Wednesday afternoon. The statement was signed by Gbenga Omotoso, Commissioner for Information and Strategy, Lagos and Kayode Akinmade Special Adviser, Information and Strategy, Ogun. According to the statement, Joshua was released by the management of…

Oba of Benin distances self from rumoured assault of Don Obaseki Dr. Don Pedro Obaseki BTC rejected any accusation of palace involvement in assault. The Benin Traditional Council (BTC) has dissociated the palace of the Oba of Benin, Ewuare II, from the assault and public humiliation of Dr. Don Pedro Obaseki, insisting that the incident was neither authorised nor condoned by the monarch. The clarification followed public outrage over a viral video showing Dr. Obaseki being assaulted and stripped by a mob of youths on Sunday, December 28, 2025. The victim, a cousin of former Edo State Governor Godwin Obaseki,…

Super Eagles to face Mozambique for Round of 16 Clash at AFCON Super Eagles players Nigeria’s Super Eagles will confront Mozambique’s Mambas in the Round of 16 of the 2025 Africa Cup of Nations, following the completion of the group stage on New Year’s Eve. Nigeria topped Group C with a perfect record of nine points, securing victories in all three matches, including a 3-1 win over Uganda in their final group fixture. Goals from Paul Onuachu and a brace by Raphael Onyedika highlighted Nigeria’s dominant campaign under coach Eric Chelle. Mozambique advanced as one of the four best…

GTBank drops ‘who pays’ for transfers between sender-receiver, effective Jan. 1st GTBank Guaranty Trust Bank Ltd has made public a change to the application of stamp duty charges on electronic bank transfers, in line with provisions of the newly enacted Nigeria Tax Act 2025. In a customer notice, the bank announced that with effect from January 1, 2026, the statutory ₦50 stamp duty on electronic transfers of ₦10,000 and above will now be borne by the sender of the transaction, rather than the receiver. The bank explained that the adjustment follows regulatory changes introduced under the new tax regime and…

Finally, Obi defects to ADC, Atiku welcomes him Atiku was being hopeful that more Nigerians would show positive interest in ADC. A former presidential candidate of the Peoples Democratic Party, Atiku Abubakar, has welcomed former Labour Party presidential candidate, Peter Obi, to the African Democratic Congress, describing the move as a landmark development in the country’s political coalition landscape. Speaking at the event venue, Obi urged Nigerians and opposition forces to unite under a broad national coalition to “rescue Nigeria from poverty, disunity and democratic decline.” The former LP presidential candidate also accused the current political leadership of state capture,…