News
President Tinubu signs four TAX Bills into Law Tomorrow
President Bola Tinubu will, on Thursday, sign into law four groundbreaking tax reform bills that will transform Nigeria’s fiscal and revenue framework.
According to the press release signed by Bayo Onanuga, Special Adviser to the President (Information and Strategy) the four bills, the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill, were passed by the National Assembly after extensive consultations with various interest groups and stakeholders.
When the new tax laws become operational, they are expected to significantly transform tax administration in the country, leading to increased revenue generation, improved business environment, and a boost in domestic and foreign investments.
The historic presidential assent to the bills at the Presidential Villa, Abuja, will be witnessed by the Senate President, Speaker of the House of Representatives, Senate Majority Leader, House Majority Leader, chairman of the Senate Committee on Finance, and his House counterpart.
The Chairman of the Governors Forum, the Chairman of the Progressives Governors Forum, the Minister of Finance and Coordination Minister of the Economy, and the Attorney General of the Federation will also attend the ceremony.
One of the four bills is the Nigeria Tax Bill (Ease of Doing Business), which aims to consolidate Nigeria’s fragmented tax laws into a harmonised statute.
By reducing the multiplicity of taxes and eliminating duplication, the bill will enhance the ease of doing business, reduce taxpayer compliance burdens, and create a more predictable fiscal environment.
The second bill, the Nigeria Tax Administration Bill, will establish a uniform legal and operational framework for tax administration across federal, state, and local governments.
The Nigeria Revenue Service (Establishment) Bill, the third bill, repeals the current Federal Inland Revenue Service Act and creates a more autonomous and performance-driven national revenue agency— the Nigeria Revenue Service (NRS).
It defines the NRS’s expanded mandate, including non-tax revenue collection, and lays out transparency, accountability, and efficiency mechanisms.
The fourth bill is the Joint Revenue Board (Establishment) Bill. It provides for a formal governance structure to facilitate cooperation between revenue authorities at all levels of government.
It introduces essential oversight mechanisms, including establishing a Tax Appeal Tribunal and an Office of the Tax Ombudsman.
News
President Tinubu Decorates INEC’s Mahmood Yakubu with “CON” National Honour
Yakubu was first appointed in November 2015 as the 14th chairman of the commission for an initial term of five years. The appointment, which was renewed in 2020, has now expired due to the passage of time.
President Bola Ahmed Tinubu on Tuesday conferred the honour of Commander of the Order of the Niger (CON) on Prof Mahmood Yakubu, the outgoing Chairman of the Independent National Electoral Commission (INEC), saying that the award was in recognition of Yakubu’s dedicated service to the nation.
Yakubu was first appointed in November 2015 as the 14th chairman of the commission for an initial term of five years. The appointment, which was renewed in 2020, has now expired due to the passage of time.
President Tinubu thanked Professor Yakubu for his services to the nation and his efforts to sustain Nigeria’s democracy, particularly through the organisation of free and fair elections throughout his two-term tenure.
Consequent upon this, President Tinubu also directed that Professor Yakubu should hand over to the most senior national commissioner, May Agbamuche-Mbu, who will direct the affairs of the commission until the completion of the process to appoint a successor.
In the letter dated October 3, 2025, Professor Yakubu thanked the President for the opportunity to serve the nation as chairman of the commission since 2015.
News
OpenAI’s Global Actors to Grace 2025 UNILAG International Week
Director of International Relations, Professor Ismail Ibraheem, emphasised the importance of the event in shaping Africa’s voice in the global tech space, stating that the week serves as a platform for practical collaborations between academia, industry, and government.
Prominent figures, including Emmanuel Lubanzadio from OpenAI, Yvonne Ike of Bank of America, Nigeria’s Minister of Communications Dr. Bosun Tijani, and entrepreneur Iyinoluwa Aboyeji, are set to participate in the 2025 University of Lagos (UNILAG) International Week.
The event, themed “Equitable Partnerships and the Future of AI in Africa,” will take place from October 13 to 17, 2025, at UNILAG’s Akoka campus.
The week-long program will bring together government officials, global partners, academics, and tech innovators to discuss artificial intelligence and collaboration.
Keynote speakers will include Dr. Tijani, Mr. Lubanzadio, and Ms. Ike, while sessions on digital governance will feature Nigeria’s BPP boss, Dr. Adedokun.
Young innovators like Adeleke Eniola, who developed an AI-powered malaria diagnostic tool, will also be highlighted.
Plenary sessions will cover topics such as ethical AI, data governance, and educational innovation, aiming for actionable outcomes like policy recommendations and investment linkages.
Director of International Relations, Professor Ismail Ibraheem, emphasised the importance of the event in shaping Africa’s voice in the global tech space, stating that the week serves as a platform for practical collaborations between academia, industry, and government.
UNILAG continues to strengthen its international partnerships for research and skills development, reinforcing its role in global engagement.
News
FCCPC Withdraws Criminal Charge Against MultiChoice Chairman, MD
Defendants in the case included Adewunmi Ogunsanya, the Chairman of MultiChoice Nigeria Limited and John Ugbe, the Managing Director/Chief Executive Officer of the company.
The Federal Competition and Consumer Protection Commission (FCCPC) on Tuesday, withdrew the criminal charge filed against MultiChoice Nigeria Limited and its top officers after parties said they had resolved their differences.
ThisDay reported that FCCPC’s lawyer, Daniel Amadi, told Justice James Omotosho of a Federal High Court shortly after the matter was called for arraignment of the defendants.
“The matter is for hearing, but we have filed a notice of withdrawal on August 16.“Parties have settled and we agree to withdraw this suit,” he told the court.
The defence counsel, Rolake Akingbola, did not oppose the application and Justice Omotosho subsequently struck out the charge.
The judge had, on June 24, fixed Tuesday for the arraignment of the company and its senior workers over allegations bordering on breach of FCCPC Act, 2018.
Defendants in the case included Adewunmi Ogunsanya, the Chairman of MultiChoice Nigeria Limited and John Ugbe, the Managing Director/Chief Executive Officer of the company.
Others scheduled for arraignment alongside the duo were Fhulufhelo Badugela, CEO of MultiChoice Africa Holdings; Retiel Tromp, Chief Financial Officer, Africa; and Keabetswe Modimoeng,, Group Executive for Corporate Affairs.
President Tinubu Decorates INEC’s Mahmood Yakubu with “CON” National Honour
OpenAI’s Global Actors to Grace 2025 UNILAG International Week
FCCPC Withdraws Criminal Charge Against MultiChoice Chairman, MD
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