Author: Ifetayo Adeniyi

The Lagos State Internal Revenue Service (LIRS) wishes to express its sincere appreciation to esteemed taxpayers for their continued compliance and commitment to the filing of their individual annual income tax returns. Following the earlier extension granted to April 14, 2026, the Agency has observed a significant increase in traffic on its eTax platform as more taxpayers endeavour to meet the filing deadline. In view of this development, and to ensure that all taxpayers are provided with adequate opportunity to successfully complete their filings, LIRS hereby announces a further extension of the deadline, now set for April 21, 2026. This…

Zenith Bank Plc and Guaranty Trust Holding Company (GTCO) jointly recorded a combined N283.7 billion income from account maintenance and electronic banking charges in 2025, according to the data in their annual reports recently released. While account maintenance fees are charged for the upkeep of a customer’s account, especially current accounts, electronic transaction fees are charged incurred when customers use digital, such as electronic banking channels, such as electronic transfers, card payments, ATM withdrawals, USSD banking, mobile apps, and online payments. Zenith Banks audited 2025 financials showed that the bank generated N91.95 billion from account maintenance charges in 2025, a…

As overall currency in circulation remained largely stable, the volume of cash in the hands of Nigerians that is outside the banking system declined in February 2026, showing a moderation in liquidity demand following the usual year-end spending surge. Latest Money and Credit Statistics released by the Central Bank of Nigeria (CBN) showed that currency outside banks fell by 3.66 per cent to N5.21 trillion in February, down from the elevated levels recorded in the preceding months. In contrast, total currency in circulation stood at N5.73 trillion, almost unchanged from N5.732 trillion recorded in January. The development reflects a seasonal…

Elegbede Abiodun According to the secretary of state, the move was part of the US’ decisive action in response to the “atrocities and violence against Christians” in Nigeria and around the world. The United States government has begun enforcing visa restrictions on individuals accused of violating religious freedom in Nigeria. Mark Walker, US Principal Adviser for Global Religious Freedom, disclosed this in a post on X on Friday, saying the policy has already been implemented, although he did not name the affected individuals or entities. He said, “We have already executed on this policy, and we will continue to subject…

Manny Ita  – The Nigerian National Petroleum Company Limited (NNPC) has reported a revenue of ₦2.68 trillion, even as overall oil production levels continue to face pressure from operational and security challenges across key oil-producing regions. The figures point to a mixed financial performance, where improved pricing dynamics, cost efficiencies, and upstream recoveries have helped offset the impact of declining output volumes. Despite production constraints, the company’s earnings reflect continued resilience in Nigeria’s upstream and downstream oil operations. Industry analysts note that the revenue growth comes at a time when Nigeria’s oil sector is still grappling with issues such as…

Manny Ita  – The 2026 edition of the Ogun Women Run was held on Saturday, April 12, 2026, in Ogun State, with athlete Adebayo emerging as the overall winner in a competitive race that drew participants from across the country. The annual event, which focuses on promoting women’s participation in athletics and fitness, featured a strong turnout and was marked by improved organisation, wider participation, and increased attention from sports development stakeholders. Adebayo delivered a standout performance, pulling ahead in the final stretch of the race to secure victory, ahead of other top contenders. Officials praised her discipline and endurance,…

Manny Ita  – The 2nd edition of The Nigeria Broadcasting Awards organised by the Broadcasting Organisations of Nigeria (BON) was held on Saturday, April 12, 2026, in Abuja, bringing together leading figures across the country’s broadcasting industry to celebrate excellence in radio and television. The event recognized outstanding performances in journalism, entertainment, and on-air presentation, with notable winners emerging across multiple categories. Among the highlights of the night was the recognition of Dapo Adegboye of Politics HQ, who won the award for Presenter of the Year, in acknowledgment of his strong editorial delivery and audience engagement. Another major winner was…

Manny Ita  – The Federal Government has implemented a significant reduction in the import tariff for passenger motor vehicles and station wagons, lowering the rate from 70% to 40% under the 2026 Fiscal Policy Measures. The directive, which was formally communicated through a circular issued by the Ministry of Finance and signed by the Coordinating Minister of the Economy, Wale Edun, aims to provide economic relief and modernize Nigeria’s transport fleet. ​The 30% reduction applies specifically to fully-built passenger units and is part of a broader fiscal strategy to curb the rising costs of logistics and personal transportation. According to…

Manny Ita  – The internal crisis within the African Democratic Congress (ADC) has escalated, following renewed disagreements over the party’s planned national convention scheduled for April 14. A faction reportedly aligned with former Senate President David Mark is insisting that the convention must go ahead as planned, despite mounting legal challenges and protests surrounding the process. The group maintains that the exercise is necessary to restore order and reposition the party ahead of future elections. However, opposing stakeholders within the party have raised concerns over the legitimacy of the convention, arguing that proper procedures were not fully observed. This has…

Manny Ita  – Fresh security concerns have emerged in Katsina State after armed bandits reportedly issued a six-day ultimatum to several rural communities, demanding the delivery of 700 cattle and 1,000 sheep or face violent reprisals. Local sources say the threat has triggered widespread fear among residents, many of whom are already grappling with repeated attacks, kidnappings, and loss of livelihoods. Some families are said to be considering displacement, while community leaders are urgently appealing to security agencies for protection. The ultimatum highlights the growing trend of economic extortion by armed groups, who increasingly impose levies on vulnerable communities as…