As Nigeria faces escalating petrol prices, shipments of 129,000 metric tonnes of Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel) are slated to arrive at Lagos Ports from March 14 to 17, 2026, according to The PUNCH.This development comes as representatives from the Nigerian Midstream and Downstream Petroleum Regulatory Authority clarified the situation regarding…
The Central Bank of Nigeria (CBN) has implemented enhanced regulations for Bank Verification Numbers (BVN). These include a one-time limit on changes to registered phone numbers and the establishment of a temporary watchlist to monitor potential fraudulent activities. In a circular issued on March 12, 2026, titled “Addendum to the Revised Regulatory Framework for Bank…
Governor Hope Uzodimma of Imo State shares some positive news! He believes that despite fuel prices nearly doubling, President Bola Tinubu is successfully protecting Nigeria from the global fuel crisis stemming from the conflict in the Middle East. Fuel prices have soared globally following the barricade at the Strait of Hormuz, a vital 30-mile-wide shipping…
We are absolutely furious about the recent false reports flying around on social media and online platforms, claiming that our Lagos and Abuja offices were sealed by the Nigeria Revenue Service (NRS) due to supposed non-compliance with Value Added Tax (VAT) and Company Income Tax under the Nigeria Tax Act 2025! This is outrageous and…
The Federal Inland Revenue Service (FIRS) of Nigeria has reportedly imposed a seal on the Lagos and Abuja offices of OPay, citing alleged infractions of the Nigeria Tax Act 2025, specifically pertaining to Value Added Tax (VAT) and Companies Income Tax (CIT). The enforcement action reportedly impacted OPay’s offices in Lagos and Abuja, where officials…
