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Tinubu’s New Tax Laws: What Do They Mean for You and Nigeria?

Tinubu’s New Tax Laws: What Do They Mean for You and Nigeria? By [Chidike Edmond Ojuyenum] On June 26, 2025, President Bola Ahmed Tinubu signed four big tax reform bills into law. You might have heard about it on the news — but what does it really mean for you, your wallet, and the country? President Tinubu called it “the way forward for our country’s prosperity.” But let’s bring it down from government speeches to everyday life. So, What Are These New Tax Laws? The new laws are: Nigeria Tax Act (NTA), 2025 – Combines many old tax laws into one clear rulebook. Easier for businesses and citizens to know what to pay. Nigeria Tax Administration Act (NTAA), 2025 – Sets a single, modern system for tax administration nationwide. Less confusion, fewer overlaps. Nigeria Revenue Service Act (NRSA), 2025 – Replaces the old FIRS with a stronger, more independent Nigeria Revenue Service (NRS). They’ll be better equipped to collect taxes fairly and efficiently. Joint Revenue Bo...

NGX Declines as Selloffs Hit BUA, Stanbic IBTC

  NGX Declines as Selloffs Hit BUA, Stanbic IBTC Photo Credit: iPleaders The equities segment of the Nigerian Exchange, NGX, experienced a bear-bull fight that plunged market valuation downward following specific selloffs on some companies’ shares. The negative price movement of large and mid-cap stocks like BUA Cement Plc which declined by 1.6% and 5.8% price down in STANBIC IBTC market valuation, thus undermining the market’s performance. Consequently, the key performance indicator or the Nigerian Exchange All share index declined 0.08% week on week to 54,892.53 points due to profit-taking in some defensive stocks with strong fundamentals. Data from the exchange showed that the market capitalization declined by N23.24 billion week on week to N29.90 trillion. Investors’ decision to take profit dragged year-to-date return to 7.11% from 8.87% in the previous week. At the close of the week, the level of market trading activities was positive as the total number of deals decreased by ...

2023: The Bitter Truth - Why Nigerian Youths May Not Win! Chidike Edmond

 Let's start by addressing a fact of life as regards Nigeria 2023. You! call for a town hall meeting at your constituency in favor of your Presidential candidate and take head count. validate your count with PVC holders to further ensure that a person does not attend two meeting make this know before the meeting and create a checkpoint. Share the outcome. Simple fact, PDP and APC will host the most attendees. Reason, people will gravitate about what satisfy their needs. He who controls the water, control the city. Men will always revolve about their source of food. It was food that took Israel to Egypt; and they remained in Egypt enjoying the supply till they become slaves. Jesus asked to Peter (whom is to lead the Apostles), do you love me? Peter said yes and Jesus replied; feed my sheep! Why will your attendees be more for PDP and APC? it's simply because the attendees will weigh which meeting has the tendency to feed their basic need at the time. My advice to my dear party A...