BUSINESS

Nigeria’s New Tax Laws: Reform to Tax What?

Daily Dispatch January 2, 2026

By Nick AguleNew tax laws promise reform, but without reforms in power, security, infrastructure, and fiscal discipline, risk taxing an empty economy! Nigeria entered 2026 with sweeping new tax laws, celebrated as a landmark overhaul of fiscal legislation. Yet controversy quickly followed.

BUSINESS

Fidelity Bank appoints Onwughalu as Chairman following completion of Chike-Obi’s tenure

Daily Dispatch January 2, 2026

Tier one lender, Fidelity Bank Plc, has announced the completion of the tenure of Mr. Mustafa Chike-Obi as Chairman of its Board of Directors effective December 31, 2025, and the appointment of Mrs. Amaka Onwughalu as the new Chairman of the Board, effective January 1, 2026. The board transitions are in alignment with the Bank’s […]

BUSINESS

Nigeria Revenue Service (NRS) unveils new institutional identity and logo as transition from FIRS takes effect

Daily Dispatch January 1, 2026

The Nigeria Revenue Service (NRS), formerly known as the Federal Inland Revenue Service (FIRS), has officially unveiled its new institutional identity, complete with a refreshed official logo. This marks the full commencement of tax and revenue reforms signed into law by President Bola Ahmed Tinubu in 2025. The announcement, shared via an official press release, […]

BUSINESS

FG plans tax exemption cards for small businesses under ongoing reforms

Daily Dispatch December 31, 2025

The Federal Government has announced plans to introduce tax exemption cards for small businesses and informal sector operators nationwide as part of its ongoing tax reform agenda. The initiative, according to the government, is designed to protect low-income earners and small-scale entrepreneurs from the burden of multiple taxes, levies and arbitrary charges imposed by

BUSINESS

NNPC Limited restores Escravos–Lagos pipeline to full operations

Daily Dispatch December 29, 2025

Nigerian National Petroleum Company (NNPC) Limited has announced the successful restoration of the Escravos–Lagos Pipeline System (ELPS), returning the critical energy infrastructure to full operations after an unexpected explosion on December 10, 2025. In a statement issued on Monday , the company said it immediately activated its emergency response plan following the

BUSINESS

President Tinubu approves debt write-off for NNPC – $1.42bn & N5.57tn cancelled

Daily Dispatch December 29, 2025

President Bola Tinubu has approved the cancellation of a substantial portion of the Nigerian National Petroleum Company Limited (NNPC Ltd)’s outstanding debts owed to the Federation Account, effectively wiping out approximately $1.42 billion in legacy obligations. The decision, detailed in a document by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)