Adekunle kunmi peter

Fraudsters stole N134 billion from banks and customers between 2020 and 2025. ~ Central bank of Nigeria says

As the week wraps up, If an unexpected ₦5 Million found its way into your account today, what financial decision would you make first? Our financial choices often reflect our goals, priorities, and vision for the future. What would yours be? Share with us in the comments.

FEDERAL MINISTRY OF FINANCE PRESS RELEASE 𝐅𝐄𝐃𝐄𝐑𝐀𝐋 𝐆𝐎𝐕𝐄𝐑𝐍𝐌𝐄𝐍𝐓 𝐈𝐒𝐒𝐔𝐄𝐒 𝐓𝐑𝐀𝐍𝐒𝐈𝐓𝐈𝐎𝐍 𝐆𝐔𝐈𝐃𝐄𝐋𝐈𝐍𝐄𝐒 𝐅𝐎𝐑 𝐓𝐀𝐗 𝐀𝐂𝐓𝐒 2025 The Federal Government has issued the General Guidelines for the implementation of the Tax Acts 2025, setting out the process for transition from the repealed tax laws to the new tax framework effective from January 1, 2026. Issued by the Federal Ministry of Finance, the Guidelines provide direction to taxpayers, tax practitioners, revenue authorities and other stakeholders on how to address various issues arising from the old regime to the new framework. Under the Guidelines, the Tax Acts 2025 comprising the Nigeria Revenue Service (Establishment) Act, the Nigeria Tax Act, the Nigeria Tax Administration Act, and the Joint Revenue Board (Establishment) Act apply from the respective commencement dates as enacted in each law. In particular, January 1, 2026 for the Nigeria Tax Act, 2025. Tax liabilities, assessments, audits, investigations, disputes and enforcement actions relating to periods before that date will be treated under the repealed tax laws. Tax returns relating to accounting periods ending before January 1, 2026, will be filed under the previous tax laws, while returns relating to accounting periods ending from January 1, 2026, onward will be administered under the new tax framework. The document also covers the treatment of income taxes, transaction taxes, development levies, tax incentives, exemptions, record-keeping obligations and transactions that span both the old and new tax regimes. Existing tax incentives and exemptions granted under the repealed laws will remain in place until their expiration dates. New applications and pending requests, however, will be considered under the provisions of the Tax Acts 2025. Speaking on the release of the Guidelines, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, said the document provides a framework for managing transitional issues while ensuring that the new laws are not applied retrospectively. He described the Tax Acts 2025 as a significant milestone in Nigeria's tax reform programme, noting that the Guidelines set out how existing obligations, ongoing matters and future transactions will be treated under the new regime. According to the Minister, the Guidelines are anchored on three key principles - clarity, fairness and administrative certainty. The Guidelines are intended to promote uniform implementation and support effective administration across the Nigeria Revenue Service, State Internal Revenue Services, the FCT Internal Revenue Service, Local Government Revenue Committees, tax practitioners and taxpayers nationwide. The Government reaffirmed its commitment to building a transparent, efficient and modern tax system that supports economic growth, strengthens revenue administration, encourages voluntary compliance and improves Nigeria's investment climate. Efe Ovuakporie Director, Press Relations Federal Ministry of Finance June 18, 2026

Bandits can be located if security agencies want to. ~ Former Chief of Army Staff, Lieutenant General Tukur Buratai (rtd) says

Don’t let anybody deceive you, Atiku will defeat Tinubu in 2027.