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FG Announces 50 Tax Exemptions, Reliefs for Low-Income Earners, SMEs, Effective January 2026

The Federal Government has unveiled new tax laws offering extensive reliefs and exemptions for low-income earners, middle-class taxpayers, and small businesses, set to take effect from January 1, 2026. The reforms, which include 50 targeted tax exemptions, are part of the administration’s efforts to ease the financial burden on Nigerians and stimulate economic growth. The new laws — the Nigeria Tax Act, 2025 (NTA); Nigeria Tax Administration Act, 2025 (NTAA); Nigeria Revenue Service (Establishment) Act, 2025 (NRSEA); and Joint Revenue Board (Establishment) Act, 2025 (JRBEA) — aim to create a more transparent, equitable, and growth-driven fiscal system. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said the reforms would strengthen small businesses, encourage compliance, and increase the purchasing power of citizens. Read Also: Tinubu Approves Appointment of Five New Permanent Secretaries Also confirming the development, Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, stated via X (formerly Twitter) that the new regime was designed to support inclusive economic growth and protect vulnerable groups. “From 1 January 2026, the new tax laws will provide many reliefs and exemptions for low-income earners, average taxpayers, and small businesses,” Oyedele wrote. Key Highlights of the 50 Tax Exemptions and Reliefs Personal Income Tax (PAYE) Individuals earning the national minimum wage or less are exempt. Annual gross income up to ₦1.2 million is tax-free. Reduced PAYE rate for those earning ₦20 million annually. Gifts, pensions, gratuities, life insurance, and retirement benefits are exempted. Companies Income Tax Small companies (turnover ≤ ₦100m) will pay zero percent tax. Five-year tax holiday for agricultural businesses. 50% additional deduction for salary increases and wage awards for low-income staff. 50% employment relief for new hires retained for at least three years. Value Added Tax (VAT) Basic food items, education materials, healthcare services, pharmaceutical products, rent, and baby products will attract zero or no VAT. Small companies (with less than ₦100m turnover) are exempt from VAT registration. Diesel, petrol, and solar power equipment are VAT-exempt or suspended. Capital Gains Tax Sale of owner-occupied houses and two private vehicles per year are exempt. Pension funds, charities, and religious institutions (non-commercial) are excluded. Stamp Duties Exemptions for electronic transfers below ₦10,000, salary payments, and government securities transactions. Training for Digital Influencers Oyedele also announced a new initiative to train 20 selected content creators on accurate tax education, saying the programme aims to counter misinformation and promote financial literacy among Nigerians. He urged citizens to nominate credible online influencers educating the public on tax reforms through a nomination form available until November 9, 2025. “Misinformation spreads fast, often to the author’s benefit but to the audience’s loss. Accurate information may travel slower, but it empowers everyone and earns lasting trust,” Oyedele added.

Abuja, National, News

Tinubu Approves Appointment of Five New Permanent Secretaries

President Bola Tinubu has approved the appointment of five new Permanent Secretaries to fill existing vacancies in the Federal Civil Service. The Head of the Civil Service of the Federation (HCSF), Mrs. Didi Walson-Jack, disclosed this in a statement issued by the Director of Information and Public Relations, Mrs. Eno Olotu, on Monday in Abuja. According to the statement, the newly appointed Permanent Secretaries are Ibrahim Ozi from the Federal Capital Territory, Ezemama Chidiebere from Imo State, Garba Usman representing the North Central Geo-Political Zone, Mohammed Ishiyaku from the North East, and Ukaire Chigbowu from the South East. Read Also: Meet Air Vice Marshal Sunday Kelvin Aneke, Nigeria’s New Chief of Air Staff Walson-Jack said the appointments followed a rigorous and transparent selection process in line with President Tinubu’s commitment to meritocracy and excellence in the public service. She charged the new Permanent Secretaries to bring their wealth of experience and professionalism to bear in the discharge of their duties, in order to strengthen service delivery and support the government’s development objectives. The Head of Service commended President Tinubu for his commitment to transparency, merit-based recruitment, and professionalism in the Federal Civil Service, noting that the appointments reflect the administration’s dedication to building a competent and results-driven public service that meets the needs of Nigerians.

National, News

Navy Chief Abbas Reshuffles 65 Senior Officers in Strategic Leadership Overhaul

The Chief of the Naval Staff (CNS), Vice Admiral Idi Abbas, has approved the redeployment of 65 senior officers of the Nigerian Navy to key positions across the Naval Headquarters, Commands, and Tri-Service institutions, in what officials describe as a major strategic leadership overhaul. The large-scale postings, approved on Thursday, October 30, 2025, reflect the Navy’s renewed drive to strengthen operational efficiency, leadership accountability, and maritime security across Nigeria’s coastal and inland waterways. According to a statement by the Director of Naval Information, Commodore A. Adams-Aliu, the redeployment covers logistics, training, operations, engineering, policy formulation, and command duties, marking a holistic restructuring aimed at enhancing institutional performance. Read Also: Nigeria Pushes Blue Economy Agenda with Seabed Mapping, Hydrography Initiatives Nigerian Navy Launches High-Tech Agricultural Initiative to Boost Food Security Meet Rear Admiral Idi Abbas From Kano, Nigeria’s New Chief of Naval Staff Among the prominent appointments, Rear Admiral Suleiman Abdullahi, formerly of the Defence Headquarters, has been appointed Chief of Logistics at the Naval Headquarters. Rear Admiral Kasim Bushi moves from the Headquarters Naval Training Command (NAVTRAC) to the International Maritime Institute of Nigeria (IMION) as Executive Director, while Rear Admiral Suleiman Dahun, previously at the Naval Headquarters, now serves as Director of Defence Cooperation at Defence Headquarters. Also, Rear Admiral Abdullahi Ahmed, who previously served at the Naval Headquarters, has been appointed Commandant of the National Defence College. Rear Admiral Musa Katagum is now Chief of Operations at Naval Headquarters, while Rear Admiral Fredrick Damtong becomes Chief of Naval Engineering. Similarly, Rear Admiral Abdul-Rasheed Haruna was appointed Chief of Training, and Rear Admiral Jonathan Mamman is the new Chief of Administration. In the Navy’s corporate and support divisions, Rear Admiral Hamza Ibrahim has been named Group Managing Director, Navy Holdings Limited (NHL), while Rear Admiral Saburi Lawal retains his position as Executive Director, Business Development and Evaluation, at the same institution. Other key postings include Rear Admiral Olatunde Olodude as Chief of Policy and Plans, Rear Admiral Abiodun Alade as Flag Officer Commanding (FOC) Logistics Command, and Rear Admiral Chidozie Okehie as FOC Eastern Naval Command. Rear Admiral Abubakar Mustapha assumes duty as FOC Western Naval Command, while Rear Admiral Ebiobowei Zipele becomes FOC NAVTRAC. Further appointments include Rear Admiral Mohammed Muye as Commandant, Naval War College Nigeria (NWCN); Rear Admiral Umaru Faruk as Managing Director, Naval Engineering Services Limited; and Rear Admiral Haruna Zego as Managing Director, Nigerian Navy Hotels and Suites Limited. The redeployment also saw Rear Admiral Emmanuel Anakwe posted to the National Institute of Policy and Strategic Studies (NIPSS) as a Moderator, while Rear Admiral Adedotun Ayo-Vaughan was appointed Director, PC4, in the Office of the National Security Adviser (ONSA). Vice Admiral Abbas, in a message to the newly appointed officers, congratulated them on their new roles and urged them to uphold professionalism, discipline, and integrity in the discharge of their duties. “The Nigerian Navy under this leadership remains committed to operational excellence and inter-agency collaboration in safeguarding the nation’s maritime domain,” Abbas said. The appointments take immediate effect as part of broader efforts to consolidate leadership stability and improve Nigeria’s maritime security operations.

National, News, Politics

Governor Douye Diri Defects to APC, Sparks Massive Celebration in Bayelsa

Bayelsa State Governor, Douye Diri, has officially defected from the Peoples Democratic Party (PDP) to the ruling All Progressives Congress (APC), ending weeks of speculation and marking a major political realignment in the South-South region. The defection, which took place on Saturday, triggered widespread jubilation across Yenagoa as thousands of residents and APC supporters poured into the streets in a carnival-like celebration to welcome the governor into the party. Supporters from all eight local government areas of the state defied an early morning downpour to attend the event, donning white T-shirts, party caps, and colourful traditional attires. By 10 a.m., the Samson Siasia Sports Complex, venue of the rally, was filled beyond capacity, prompting security operatives to restrict entry to prevent overcrowding. Read Also: Political Realignment: Taraba’s Kefas Eyes APC for Greater Federal Inclusion Crowds waved APC flags, sang victory songs, and danced in celebration of what many described as a “historic political moment” for Bayelsa State. Governor Diri, who resigned from the PDP two weeks earlier, officially declared his defection to the APC before a crowd of political leaders, traditional rulers, and dignitaries at the Ecumenical Centre in Igbogene, Yenagoa, during the 14th Bayelsa Thanksgiving Day to mark the state’s creation anniversary. “Somebody had to take the decision, and I took it on behalf of the state. I did it in the best interest of Bayelsa,” Diri stated, noting that the move was driven by his commitment to peace, unity, and development. He emphasized that politics should be a platform for progress, not division. “Politics is for development, not for destroying one another. The peace and security we are enjoying today are reasons to thank God,” he added. The event attracted top political figures including Akwa Ibom State Governor Pastor Umo Eno, Delta State Governor Sheriff Oborevwori, former Delta Governor Ifeanyi Okowa, Ondo State Governor Lucky Aiyedatiwa, former Edo Governor Adams Oshiomhole, and Minister of Regional Development Abubakar Momoh. With Diri’s defection, the APC now controls four of the five South-South states previously held by the PDP — Delta, Akwa Ibom, Enugu, and Bayelsa — consolidating the party’s influence ahead of the 2027 general elections. Diri becomes the 25th governor under the APC and the fourth to defect from the PDP this year, in what analysts describe as a significant political boost for President Bola Tinubu’s administration.

Feature, National, Politics

APC Needs Unity, Not Division — Kano Analyst Defends Chairman Yilwatda

A public affairs analyst from Kano, Umar Idris Shuaibu, has defended the National Chairman of the All Progressives Congress (APC), Prof. Nentawe Yilwatda, following recent calls by a youth faction demanding his resignation. The analyst described the two-week ultimatum reportedly issued by the APC Youth Solidarity Network (APC-YSN) as “misplaced, unnecessary, and potentially divisive,” warning that such internal agitation could weaken the party’s stability at a time when unity is most needed. Shuaibu, speaking to journalists in Kano, said Prof. Yilwatda has shown strong leadership qualities since assuming office, emphasizing inclusiveness, reorganization, and internal reconciliation within the party. Read Also: Inside Ganduje’s Political Blueprint That Keeps Strengthening APC Nationwide Political Realignment: Taraba’s Kefas Eyes APC for Greater Federal Inclusion APC Consolidates Strength Across Nigeria Ahead of 2027 Elections “This is a leader who has barely spent three months in office yet has already begun uniting party structures, engaging critical stakeholders across the states, and restoring confidence in the APC — much like Dr. Abdullahi Umar Ganduje did during his time as National Chairman. What the party needs now is support, not distractions,” he said. He added that the current National Chairman has demonstrated administrative discipline by delegating authority to the National Secretary during his absence — a practice that aligns with democratic norms and organizational efficiency. “If anything, that shows institutional maturity and respect for due process, not weakness,” Shuaibu stated. The analyst further noted that under Prof. Yilwatda’s short tenure, the APC has been actively re-engaging its grassroots members while attracting new entrants across the geopolitical zones. He urged the youth wing and other stakeholders to rally behind the Chairman, assuring that the ongoing reforms would strengthen the party ahead of future elections. “The National Chairman has keyed into the Renewed Hope Agenda of President Bola Ahmed Tinubu. His efforts must be encouraged, not frustrated. The focus should be on building, not breaking,” he reiterated. Shuaibu, who described the APC as the largest political movement in Africa, called for patience and collective responsibility in consolidating its democratic gains, stressing that leadership takes time to yield visible transformation. “Political progress is not achieved through pressure or division but through collaboration and consistency. What Prof. Yilwatda needs now is our trust and teamwork,” he reiterated.

Business, Education, National, News

Naira Closes Week Stronger, Gains 1.07% at Official Forex Market

The Naira closed the week on a positive note, appreciating to N1,421.73 per dollar at the official foreign exchange market on Friday. According to data released by the Central Bank of Nigeria (CBN), the local currency gained N15.23 or 1.07 percent compared to the N1,436.97 recorded on Tuesday, maintaining a steady upward trend throughout the week. The Naira traded at N1,452.79 on Monday, N1,448.20 on Tuesday, and N1,444.42 on Wednesday, reflecting consistent appreciation over the past five trading days. Read Also: 15% Ad-Valorem Import Duty on Petrol and Diesel: Balancing Protectionism and Public Interest Financial analysts have linked the Naira’s strong performance to recent positive economic indicators, including Nigeria’s removal from the Financial Action Task Force (FATF) grey list, rising oil revenues, improved foreign reserves, and increased diaspora remittances. They noted that the sustained reforms by the Central Bank and the Federal Government are helping to stabilize the foreign exchange market and rebuild investor confidence. Analysts also expressed optimism that if the current policy direction continues, the Naira could experience further appreciation in the coming weeks, signaling growing stability in Nigeria’s macroeconomic environment.

Abuja, Kano, National, News

15% Ad-Valorem Import Duty on Petrol and Diesel: Balancing Protectionism and Public Interest

Veteran Labour Leader and Member of the National Institute (mni), Comrade Mustapha Nuhu Wali, has commended the Federal Government’s introduction of a 15 percent ad-valorem import duty on petrol and diesel, describing it as a strategic policy geared toward promoting local refining, industrial protection, and long-term national development. In a statement issued on Friday and made available to newsmen, Wali noted that the policy, approved by President Bola Ahmed Tinubu, represents a deliberate economic shift aimed at reducing Nigeria’s overdependence on imported refined petroleum products while boosting domestic production capacity. According to him, the measure — which places a value-based import tax on refined fuels — is expected to protect investments in local refineries such as the Dangote Refinery and the NNPCL’s rehabilitated plants, ensuring they remain viable and competitive in the Nigerian market. Read Also: Fuel Import Duty Hikes: Tinubu Approves 15% Ad-Valorem Tariff Food Waivers Threaten Northern Agriculture, Says Wali The Green Imperative Is Not Just a Federal Government Project — It Is a Lifeline for Northern Nigeria’s Agricultural Future Comrade Wali, however, cautioned that while the policy is sound from an industrial and fiscal perspective, its implementation must be carefully managed to prevent a disproportionate burden on ordinary Nigerians and small-scale enterprises. “In the short term, consumers and small businesses may experience slight increases in fuel costs, but the long-term benefits far outweigh these temporary challenges. The policy will stabilize fuel prices, reduce pressure on foreign exchange, and create sustainable jobs through increased domestic refining,” Wali stated. He explained that the 15% ad-valorem duty aligns with protectionist economic strategies adopted by countries seeking to industrialize and strengthen internal value chains. Wali emphasized that effective oversight and transparency are crucial for the success of the policy. “Government must ensure that the policy is implemented with fairness and accountability, balancing the interests of local investors with the welfare of the general public,” he said. The labour veteran urged the Federal Government to accompany the measure with social protection programs to cushion the impact on low-income households and transport-dependent sectors. He further noted that the policy, if sustained, could mark a turning point in Nigeria’s quest for energy security and economic self-reliance. “This initiative is a bold step toward achieving energy independence and reviving industrial growth. It’s a signal that Nigeria is ready to take control of its economic destiny,” Wali added. The introduction of the 15% ad-valorem duty forms part of broader fiscal and industrial reforms aimed at repositioning Nigeria’s downstream oil and gas sector for competitiveness, investment, and long-term stability.

National, News

NAF Redeploys 27 Senior Officers In Fresh Command Shake-Up

The Nigerian Air Force (NAF) has announced the redeployment of 27 senior officers in the rank of Air Vice Marshal (AVM), marking the first major command shake-up approved by the Chief of the Air Staff (CAS), Air Marshal Sunday Kelvin Aneke. The sweeping reform, which takes effect immediately, is aimed at aligning NAF’s command structure with ongoing defence reforms, evolving national security needs, and strengthening operational efficiency across its strategic formations and training institutions. According to a statement by the Director of Public Relations and Information, Air Commodore Ehimen Ejodame, the exercise reflects the CAS’s commitment to improving decision-making speed, enhancing mission readiness, and reinforcing accountability at all command levels. Read Also: Kogi Police Command Welcomes New Commissioner Naziru Bello Kankarofi  Under the new posting arrangement, AVM Abubakar Abdullahi assumes office as Chief of Policy and Plans at the Air Force Headquarters, while AVM Adeniran Ademuwagun takes over as Commandant of the Air Force Institute of Technology (AFIT), Kaduna. AVM Ibitayo Ajiboye has been appointed Group Managing Director of the Nigerian Air Force Investment Limited (NAFIL) Group of Companies. In operations and intelligence, AVM Precious Amadi becomes Chief of Operations, and AVM Nnamdi Ananaba takes charge as Chief of Air Intelligence. AVM Ebimobo Ebiowe now serves as Superintendent of Standards and Evaluation, while AVM Ahmed Dari becomes Chief of Training. The Transformation and Innovation Branch is now headed by AVM Mohammed Ibrahim, reflecting the service’s increasing focus on technological modernization and digital warfare readiness. In the logistics and engineering sectors, AVM Olufemi Ogunsina now serves as Chief of Aircraft Engineering, and AVM Michael Onyebashi takes command as Air Officer Commanding, Mobility Command. AVM David Pwajok is the new Chief of Communication and Information Systems, and AVM John Ukeh assumes the role of Air Provost Marshal, overseeing internal security enforcement. The administrative cadre also saw major changes. AVM Simon Peter now leads the NAFIL Housing and Construction Company as Managing Director, while AVM Chidiebere Obiabaka assumes duty as Air Secretary. AVM Anthony Martins has been appointed Chief of Administration, and AVM Abubakar Sule becomes Air Officer Commanding, Logistics Command. Similarly, AVM Abdulrasheed Kotun now heads NAF Farms as Managing Director. AVM Edward Gabkwet, the immediate past NAF spokesperson, has been named Chief of Civil-Military Relations, while AVM Osichinaka Ubadike assumes duty as Deputy Commandant of AFIT, Kaduna. Other senior officers — including AVMs Ahmed Bakari, Albert Bot, Idi Sani, Muhammed Suleiman, Jibrin Usman, and Japheht Ekwuribe — have been posted to various defence and joint service institutions to enhance inter-agency coordination and national defence cohesion. Air Marshal Aneke described the redeployment as a strategic effort to balance leadership, sustain institutional reforms, and build an agile, intelligence-driven Air Force capable of addressing Nigeria’s evolving security landscape. The development comes barely 24 hours after the Nigerian Army announced a similar reshuffle involving 27 senior officers, including 25 Major Generals and two Brigadier Generals, signaling ongoing reforms across the nation’s armed forces.

National, News

Former Immigration Boss Babandede Urges Tinubu to Strengthen Ties Between Customs and Immigration

Former Comptroller-General of the Nigeria Immigration Service (NIS), Muhammad Babandede, has called on President Bola Ahmed Tinubu to establish a stronger institutional relationship between the Nigeria Customs Service (NCS) and the Immigration Service to enhance national border security and governance. Babandede made the call in an exclusive interview with Migrationwatch magazine, where he drew parallels with the post-9/11 reforms in the United States that brought Customs and Immigration under closer coordination for improved homeland security. He lamented that in Nigeria, both agencies often operate in isolation despite their overlapping responsibilities. “Any time the two agencies are made to come together, one runs away from the other,” he said. Read Also: Lt. Gen. Shaibu Reshuffles Top Army Officers, Appoints New NDA Commandant According to him, the movement of goods and the movement of people are inseparable, especially within the West African subregion. “A person carrying goods and a person travelling are the same, particularly in our region. You cannot separate the movement of goods from the movement of persons carrying the goods,” Babandede stated. He emphasized the need for deliberate collaboration and innovation between the two agencies to tackle transnational crimes effectively. “Both the Immigration and Customs Services should deliberately invest in enhanced partnership and working relationships to achieve effective and efficient national border security and governance,” he said. Babandede also criticized what he described as a “great negligence” in recognizing the critical role of migration in national development. He urged the Federal Government to sustain ongoing reforms in the Nigeria Immigration Service aimed at modernizing border management. “The border is not just a security zone; it’s a cultural, historical, and economic zone,” he noted, calling for the creation of buffer zones and improved cross-border connectivity with neighboring countries. He further stressed the need for Nigeria to adopt a more strategic migration policy that evaluates the impact of migrants on the economy. “Migration is key to our development. Nigeria must invest in the type of people we filter in and the type we filter out. We must analyze the kind of jobs migrants do and how they affect our economy. We need to remove people who are undermining our development,” Babandede reiterated.

National, News

Brigadier General, 15 Others Held Over Alleged Coup Plan — Military Sources

The Defence Intelligence Agency (DIA) has detained 16 senior military officers, including a Brigadier General, over an alleged plot to overthrow the government of President Bola Ahmed Tinubu. According to top military sources, 12 of the 14 Army officers in custody belong to the Infantry Corps — the Army’s frontline combat unit — while one serves in the Signals Corps, which oversees communications, and another in the Ordnance Corps, responsible for weapons and logistics. The detained officers include Brigadier General Musa Abubakar Sadiq (N/10321), who is alleged to be the suspected leader of the plot. He was previously detained in 2024 for alleged diversion of rice palliatives and illegal sale of military equipment. Read Also: Photos: Senate Confirms President Tinubu’s New Service Chiefs After Security Screening Others on the list are Colonel M.A. Ma’aji from Niger State; Lieutenant Colonel S. Bappah from Bauchi; Lieutenant Colonel A.A. Hayatu from Kaduna; Lieutenant Colonel P. Dangnap from Plateau; Lieutenant Colonel M. Almakura from Nasarawa; and Majors A.J. Ibrahim, M.M. Jiddah, M.A. Usman, D. Yusuf, and I. Dauda from different parts of the country. Also detained are Captain Ibrahim Bello, Captain A.A. Yusuf, Lieutenant S.S. Felix, Lieutenant Commander D.B. Abdullahi of the Nigerian Navy, and Squadron Leader S.B. Adamu of the Nigerian Air Force. Sources disclosed that the officers are being held at a DIA facility in Abuja pending the outcome of investigations. The agency has yet to issue an official statement on the matter, but military insiders say the arrests followed weeks of intelligence gathering on suspicious meetings and communications among the officers. The alleged coup plot reportedly triggered heightened security operations in Abuja, including the raid on the residence of former Minister of State for Petroleum Resources, Chief Timipre Sylva, in Maitama. Security operatives reportedly linked a “former South-South governor” to the meetings held with some of the detained officers. Sylva later confirmed the military raid but denied any involvement in a coup plot, describing the operation as “misguided.” Meanwhile, the Defence Headquarters has dismissed claims of a brewing coup, assuring Nigerians of the military’s loyalty to President Tinubu and the Constitution of the Federal Republic of Nigeria. Security analysts have described the development as one of the most serious internal probes in recent years, warning that it underscores rising tensions within the security establishment.

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