OPS: New Tax Laws May Not End Multiple Taxation, Have Significant Implications for Nigeria’s Investment Climate Subair urges taxpayers to register with authorities, obtain ID, file annual returns
Dike Onwuamaeze
As the January 1, 2026, effective
date for the implementation of a sector (OPS) have expressed multiple taxations and could These tax laws are the new tax regime in Nigeria, some concerns that the new tax have significant implications for Nigeria Tax Act, the Nigeria Tax leaders of the organised private laws might not be able to end Nigeria’s investment climate. Administration Act, the Nigeria
Revenue Service Act, and the Continued on page 9
DAPPMAN, Dangote Clash, Marketers Demand Retraction of Products Diversion Claim... Page 5
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Four FIRS Directors, Managers Die in Afriland Towers Fire, Owners of Building Mum, Amid Other Casualties... Page 35
FAAC Disburses N2.225tn to FG, States, LGs as Federation Account Grosses N3.635tn
Ndubuisi Francis in Abuja
sum of N2.225 trillion to the three tiers of government as The Federation Account Al- the Federation Account grossed location Committee (FAAC), N3.635 trillion in August. Wednesday shared a total Citing a communique is-
sued at the monthly FAAC meeting for September, the Director, Information and Public Relations, Federal Ministry of Finance, Mohammed Manga,
in a statement said the disbursed N2.225 trillion comprised Statutory Revenue of N1.478 trillion, VAT (N672.903 billion), N32.338 billion from Electronic
Money Transfer Levy (EMTL), and the sum of N41.284 billion from Exchange Difference. Out of the distributable revenue, the federal government
received N810.047 billion, the 36 states and local governments received N709.831 billion and N522.228 billion respectively, Continued on page 9
Jubilation in Rivers as Tinubu Ends Emergency Rule, Restores Fubara, Deputy, House Members
President justifies six-month undemocratic governance in oil-rich state Wike hails Tinubu, Rivers elders, others preach peace Tonye Cole: Governor will have zero powers on resumption Story on page 9
AT THE VISA AFFLUENT REWARDS PROGRAMME LAUNCH EVENT...
L-R: Seun Adaramola, Director, Marketing, Visa West Africa; Tareq Muhmood, Visa’s Regional President, CEMEA; Farooq Oreagba, Campaign Ambassador; Aminat Kane, Visa’s Senior Vice President, Group Country Manager, CEMEA; and Andrew Uaboi, Vice President and Cluster Head, Visa West Africa, at the Visa Affluent Rewards Programme launch event, Ikoyi, Lagos, Nigeria