Business
BREAKING: President Tinubu To Overhaul Multiple Taxes, Other anti- Investments Policies

‘I have a message for our investors, local and foreign: our government shall review all their complaints about multiple taxation and various anti-investment inhibitions.”
That’s President Bola Ahmed Tinubu, in his inaugural speech today, in Abuja.
Tinubu was sworn in as Nigeria’s 16th President, by the Chief Justice of Nigeria, Kayode Ariwoola, at the Eagle’s Square, Abuja.
Stressing on his administration’s economic thrusts, he said : ” We shall ensure that investors and foreign businesses repatriate their hard earned dividends and profits home.
He also said , ” on the economy, we target a higher GDP growth and to significantly reduce unemployment.
” We intend to accomplish this by taking the following steps:
First, budgetary reform stimulating the economy without engendering inflation will be instituted.
Second, industrial policy will utilize the full range of fiscal measures to promote domestic manufacturing and lessen import dependency.
Third, electricity will become more accessible and affordable to businesses and homes alike. Power generation should nearly double and transmission and distribution networks improved. We will encourage states to develop local sources as well.
JOBS
My administration must create meaningful opportunities for our youth. We shall honour our campaign commitment of one million new jobs in the digital economy.
Our government also shall work with the National Assembly to fashion an omnibus Jobs and Prosperity bill.
” This bill will give our administration the policy space to embark on labour-intensive infrastructural improvements, encourage light industry and provide improved social services for the poor, elderly and vulnerable,” he said.
Tinubu’s Profile
Tinubu started out as a technocrat; a seasoned accountant.
During his sojourn abroad, he worked for American companies Arthur Andersen, Deloitte, Haskins & Sells and GTE Services Corporation.
And upon his return to Nigeria in 1983, he joined Mobil Oil as an auditor.
He rose through the ranks to become an executive of the company.
He began to make inroads into the political Hall of Fame in 1992 when he was elected senator representing Lagos West Senatorial District in the short-lived third National Assembly.
He then joined forces with the National Democratic Coalition (NADECO), a coalition of democrats demanding the military government led by General Sani Abacha to step down for the acclaimed winner of the 12 June 1993 election, the deceased Chief MKO Abiola.
After four years in exile, Tinubu returned to the country in 1998 to contest the governorship election in Lagos – his home state – as Nigeria prepared for a transition to democratic rule.
A two-term governor, Tinubu prides himself as the brain behind the transformation of Lagos from the doldrums to one of the largest economies in Africa.
And so do many of his allies who vigorously campaigned for his presidency based on this accomplishment.
He was behind the creation of the Lagos Free Zone, Ibeju Lekki.
Business
UBA Commits $150m to Kenya’s Roads Levy Securitisation Program
The $150 million pledge was formalised during a meeting with Davis Chirchir, Cabinet Secretary for Roads and Transport.

•Oliver Alawuba, GMD UBA
United Bank for Africa (UBA) Plc has committed $150 million (KES 20.5 billion) to the Government of Kenya’s $1.35 billion Roads Levy Securitisation Program.
This underscores the bank’s pan-African lender’s growing role in financing infrastructure and advancing inclusive growth across the continent.
In a statement, the pan-African lender said the commitment was unveiled during a working visit by its Group Managing Director/Chief Executive Officer, Oliver Alawuba, to Nairobi, where he led a high-level delegation and met with President William Ruto and other senior government officials.
President Ruto received the UBA team at State House, commended the bank for its support over the years, as discussions focused on scaling road infrastructure, strengthening small and medium-sized enterprises (SMEs), and advancing Kenya’s long-term economic transformation.
Alawuba said: “Kenya holds a strategic place in Africa’s growth story, and UBA is committed to being a long-term partner in unlocking the immense potential here. From financing critical infrastructure to empowering SMEs that drive job creation, our mission is to deliver sustainable solutions that connect markets, foster trade, and improve lives.”
The $150 million pledge was formalised during a meeting with Davis Chirchir, Cabinet Secretary for Roads and Transport.
The Roads Levy Securitisation Program, spearheaded by the Kenya Roads Board, is designed to modernise critical road networks, accelerate payments to contractors, and boost connectivity nationwide.
“Infrastructure is the engine of trade, competitiveness and shared prosperity. UBA is proud to be one of the largest financiers of this program, demonstrating our unshakeable confidence in Kenya’s future,” said Alawuba.
The Managing Director/CEO of UBA Kenya, Mary Mulili, added: “Our participation cements UBA’s role as a trusted ally to the Kenyan government, businesses, and communities. We are paving the way for better connectivity that empowers farmers, manufacturers, and SMEs across the country.”
Business
Victor Osimhen is Moniepoint’s brand ambassador ‘Made for Your Progress’ campaign
Made for Your Progress is our promise to every Nigerian with a dream – that we will provide the financial comfort, confidence, and freedom they need to focus on building those dreams.

Moniepoint Microfinance Bank (MFB) has appointed Nigerian striker Victor Osimhen as its brand ambassador as part of its newly launched campaign, Made for Your Progress.
The company said the initiative is designed to emphasise its support for Nigerians pursuing personal and business growth.
Managing Director of Moniepoint MFB, Babatunde Olofin, explained that the campaign highlights the contributions of individuals and small businesses to the economy.“
At Moniepoint, we have always believed that the ambitions of Nigerians are the bedrock of our economy as evidenced by the informal economy’s contributions to GDP,” Olofin said.
“We celebrate the people behind the many businesses we serve, and the individuals who have created value with our personal banking service.
Made for Your Progress is our promise to every Nigerian with a dream – that we will provide the financial comfort, confidence, and freedom they need to focus on building those dreams.”
Business
FIRS says TIN not needed to operate bank accounts
The TIN is a 13-digit identifier uniquely capturing details of taxable persons and entities. It encodes information such as issuance year, registry source (NIN for individuals, RC for companies), state of registration, and a cryptographic security fragment.

The Federal Inland Revenue Service FIRS) has clarified that Nigerians are not required to obtain a separate Tax Identification Number (TIN) before operating or opening bank accounts.
The TIN is a 13-digit identifier uniquely capturing details of taxable persons and entities. It encodes information such as issuance year, registry source (NIN for individuals, RC for companies), state of registration, and a cryptographic security fragment.
In a statement posted on her official X handle, the Technical Assistant on Broadcast Media to the FIRS Chairman, Aderonke Atoyebi, said that the clarification becomes necessary as a result of widespread reports suggesting that, from January 2026, citizens would need to present a TIN to access banking services—a claim that sparked public concern over the possibility of new bureaucratic hurdles.
She said that the reports were misleading and that the TIN framework has been designed to integrate with existing national registries such as the National Identification Number (NIN) and Corporate Affairs Commission (CAC) records.
“In recent debates about Nigeria’s tax reforms, a widespread misconception has taken root: that citizens without a TIN cannot own or operate a bank account.
The reality is that Nigeria’s tax system has evolved to integrate seamlessly with existing national registries, ensuring that every eligible individual or entity is automatically identifiable for tax purposes,” she wrote.
-
News3 days ago
Hilda Baci Cooking World’s Largest Pot of Jollof Rice Today at Eko Hotel
-
Business3 days ago
Dangote Refinery Mgt Says Workers Union Membership is Personal Choices
-
Sports3 days ago
Kano ‘s Lawmaker Establishes Bichi First Football Club
-
Business3 days ago
UPDATE: Dangote Refinery Cuts Fuel Prices, Updates Petrol Supply
-
News3 days ago
IBADAN: Early Morning Fire Destroys Shops, Millions Lost in Property
-
Business3 days ago
NUPENG Dangote Union Memberships Agreement Collapses: What Happened Again?
-
News3 days ago
Air Peace Differs with NSIB reports on crews involvement in drugs, alcohol
-
Business4 hours ago
Victor Osimhen is Moniepoint’s brand ambassador ‘Made for Your Progress’ campaign