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In an effort to stimulate business activity and reduce compliance barriers, Nigeria has approved a simplified withholding tax regime. This announcement comes from Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reform, via his official account X, on Tuesday. Background: The withholding tax, introduced in 1977, serves as an advance payment on income taxes for certain …

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Cute Abiola and wife @ThecuteAbiolaStudios @cuteabiolatv8401 had a memorable child christening in the heart of Lagos, which has in attendance notable Celebrities and Nollywood stars. Celebrities such as Taaooma, Papaya Ex, KieKie, Abul Abel, Yemi Elesho, Femi Adebayo, Trinity, Woli Agba, Dele Omo Woli, De General, Mr Macaroni, Officer Woos, Mc Pastor Remote, IsBae U, Shanks Comedian, Brain Jotter, OGB …

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The World Bank has announced plans to restructure financing for Nigeria’s $430 million Digital Identification for Development (ID4D) project to avoid cuts. This will enable the Bank to guarantee the full disbursement of the $430 million committed to the project by financiers. The restructuring became necessary after Nigeria failed to meet the project’s June 30, 2024 completion deadline and co-financiers, …

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