…of Justice on Wednesday, August 5, 2026. According to court documents, Internal Revenue Service Criminal Investigation and the United States Postal Inspection Services ("USPIS") investigated Adedayo Fateru, a Nigerian citizen and U.S. Permanent Resident, Lisa Farrow, William Atwater, and Victoria Stone for a money laun…

…from recent financial headwinds, posting a strong half-year performance that saw revenue rise to N804 billion while restoring its retained earnings to a positive position, a milestone that signals renewed financial stability for Nigeria’s largest brewing company. The brewer’s unaudited results for the six months ended…

…after 10 blue-chip firms listed on the Nigerian Exchange, NGX recorded a combined revenue of N14.40 trillion in the first quarter of 2026. In a statement issued on Wednesday by the President’s spokesperson, Bayo Onanuga, the Tinubu administration attributed the gains to its economic reforms. DAILY POST reports that the…

…ten top acts are making significant earnings from streaming, ticket sales, and music revenue. A major point in his observation is the recent dip in live shows, which he considers the heartbeat of the industry. He mentioned that while Afrobeats festivals and concerts used to draw massive crowds from all over the world,…

…data to plan infrastructure, manage property records, improve internally generated revenue and deliver basic services. Adegbuyi further argued that the country’s long-term economic ambitions would depend not only on expanding digital identity coverage but also on digitally mapping productive assets across the country.…

…The out-of-court settlement stems from Trump’s $10 billion lawsuit against the Internal Revenue Service (IRS) over the illegal disclosure of his tax records by an agency contractor. It proposed immunity from audits for past tax years and a $1.776 billion fund for people who say they were unfairly targeted by the Depart…

…profit jumped by 61 percent from a year earlier, to 655 million euros ($754 million). Revenue rose by 14 percent to 4.8 billion euros, in line with the group’s expectations. The earnings reflect “a business that is healthy and compounding, and opportunities only we are positioned to pursue,” Alex Norstrom, the group’s…

…to investment returns. Security and investment tokens are tokenised shares, bonds and revenue-sharing tokens. They attract income tax on gains and stamp duty on eligible transfers, although tokenised Nigerian stocks retain the tax exemption already applicable to ordinary Nigerian shares. Utility and governance tokens i…

…and public disclosure of major amendments. An independent fiscal council should assess revenue projections, debt exposure, and long-term sustainability. Fiscal rules must carry consequences: breaches should be reported and corrective action triggered. Executive-legislative relations also require renewal. Separation of…

…into long-term prosperity through prudent investment rather than dependence on crude oil revenue. Speaking at the Delta State Economic and Investment Summit in Asaba, Lumumba said: “Your Excellency, the Vice President, Nigeria is the largest economy in Sub-Saharan Africa. I look forward to the day when an investor from…

…translated directly into more crude available for the federation to sell and retain revenue from outside the terms of the facility. “Under the new arrangement, an additional 11,250 barrels of oil per day for the federation will be released, while there will be a reduction in the pledged crude volumes by NNPC Limited,”…

The Nigeria Revenue Service has issued comprehensive guidelines on the taxation of virtual assets, providing a regulatory framework for the taxation of cryptocurrency and other digital asset transactions in line with the Nigeria Tax Act, 2025, and the Nigeria Tax Administration Act, 2025. The new guidelines are aimed a…

…transparency to foster taxpayer confidence, improve compliance and strengthen revenue administration. CHIMA NWOKOJI in this report examines various shades of opinions in the quest for a better tax administration. Nigeria’s tax system is changing quickly. The Federal […] The post Tax Ombud and professionals: The debate…

…for the nation. The port has continued to perform remarkably well, supporting government revenue generation and the country’s broader economic aspirations. I commend the management of Lekki Port and all the government agencies operating here for their dedication and professionalism. As Nigeria confronts the growing cha…

…become the first pharmaceutical manufacturer in Nigeria to exceed ₦100 billion in annual revenue. In a press release signed by Fidson’s Corporate Services Manager, Temitope Akindele, the company said the dividend was approved at its 27th Annual General Meeting (AGM), held virtually on Thursday, July 30, 2026. Speaking…

…he described as punitive. Atiku also questioned what he termed an unaccounted oil revenue windfall and warned that the country’s economy was drifting. Responding, Onanuga accused the presidential candidate of the African Democratic Congress of relying on outdated figures and ignoring recent economic developments. “It i…

…largest foreign exchange earner.These examples highlight how diversified export revenues and consistent foreign exchange inflows can strengthen national currencies.Naira ends July on positive noteAlthough it missed Forbes’ ranking, Nigeria’s naira finished July with a modest gain in the official foreign exchange market…

…the service of the Senior Special Assistant (SSA) of the Inspector General of Police on Revenue and Tax matters at a yearly payment of ₦6 million. But the SSA was paid through a staff instead of making the payment directly to the SSA.’” “The Nigeria Police Force ‘granted cash advance of over ₦10 million [₦10,080,000.00…

…projects do not belong to TCN and do not come from the company’s Internally Generated Revenue. They are federal government appropriations duly approved by Mr. President. “While TCN’s core statutory mandate remains bulk power transmission, the company is empowered to execute constituency and other federal government pro…

…legal recognition as a co-author and co-owner of Way Maker. He also demanded a share of revenues generated from the song and requested N5 billion in damages, alleging infringement of his performer's rights. However, the court held that the producer’s involvement was limited to mixing and mastering an already existing w…

…strengthen commercial capacity, and position Nigerian football clubs for sustainable revenue growth. The commitment was reaffirmed on Wednesday during the NPFL–Afrinvest Media and Marketing Workshop in Enugu, where media officers and marketing heads from all 20 NPFL clubs underwent training on branding, digital visibil…

Kaduna Governor Uba Sani named Jerry Adams, head of the state's Internal Revenue Service, as his deputy governorship candidate on July 28, 2026Donald Okwuosa said Governor Sani's Muslim/Christian ticket breaks the precedent set by former Governor El-Rufai, who ran a Muslim/Muslim ticket in Kaduna StateThe analyst said…

…added. Shuaibu further commended FAAN’s digital transformation, saying improvements in revenue management, enterprise resource planning, financial monitoring and institutional transparency has enhanced accountability and operational efficiency. According to him, passengers are equally benefiting from upgraded lounges,…

…with the Nigerian Exchange Limited on Thursday. According to the telecom operator, data revenue rose to “₦1.699tn during the six-month period, up from ₦1.229tn recorded in the corresponding period of 2025, representing an increase of about 38.3 per cent.” The company said data remained its largest revenue stream, a…

Nigeria's three largest listed cement makers all reported higher revenue and profit in the first half of 2026HBM Nigeria recorded the fastest earnings growth, with net profit jumping 57% on the back of volume and efficiency gainsAll three companies are expanding production capacity simultaneously, signalling confidence…