Allcitynews.blog.com

  By allcitynews.ng  As part of efforts to create more enabling environment Nigeria’s revenue administration has set for a major overhaul as the Federal Inland Revenue Service (FIRS). As such, it is now to be known as Nigeria Revenue Service (NRS) from January 2026, marking what officials describe as a fundamental shift in how public revenue is managed. Arabinrin Aderonke Atoyebi, Technical Assistant to the Executive Chairman of FIRS, Dr Zacch Adedeji, said the change represents more than an institutional rebrand, stressing that it signals a new approach to transparency, accountability and economic growth. Speaking on the reforms, Atoyebi said the transition to the NRS responds to long-standing public demands for a more efficient and transparent revenue system. “This marks a change in how the country manages revenue,” she said. The move follows the signing into law of four major tax and revenue reform bills by President Bola Ahmed Tinubu on 26 June 2025. The legislation includ...

  L-R: MD/CE, Ministry of Finance Incorporated (MOFI), Dr Armstrong Takang, and MD/CE NDIC, Mr. Thompson Oludare Sunday, discuss collaboration for financial system stability during NDIC’s courtesy visit to MOFI in Abuja L-R MD/CE, Ministry of Finance Incorporated (MOFI), Dr Armstrong Takang, receives NDIC publications as a gesture of goodwill and collaboration between the two organizations. The publications were presented by the MD/CE NDIC, Mr. Thompson Oludare Sunday, during NDIC’s courtesy visit to MOFI in Abuja By allcitynews.ng  The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Thompson Oludare Sunday, has reaffirmed the Corporation’s strict compliance with fiscal and financial regulations, including the provisions of the Fiscal Responsibility Act (FRA) 2007, noting that the NDIC has consistently remitted the required percentage of its earnings to the Federal Government. Mr. Sunday made this known during a courtesy visit to t...

ENJOY THE READING ‎News Update, Friday, 02/01/2026 ‎ ‎**World welcomes 2026 with fireworks after year of Trump, turmoil ‎ ‎**Tinubu: 2026 marks beginning of a more robust phase of economic growth ‎ ‎**Adeboye foresees opportunities, breakthroughs in 2026, predicts possible reversed ‘Japa’ ‎ ‎**Remi Tinubu unveils 2026 First Baby, presents birth certificate ‎ ‎**New Year: Put people first or risk Nigeria’s future — Jonathan tells leaders ‎ ‎**Tinubu hails Eze Ikonne at 97, 52 years on throne ‎ ‎**Fubara to Rivers: ignore renewed sounds of war  ‎ ‎**FCTA to mark Tinubu's third anniversary with massive projects - Wike  ‎ ‎**Makinde urges Oyo residents to unite, cooperate for greater 2026 ‎ ‎**2026 will present us with fresh opportunities — Soludo ‎ ‎** Nigeria Police suspend enforcement of tinted glass permit ‎ ‎**2026: Abiodun reaffirms inclusive growth agenda ‎ ‎**Tinubu greets University don, renowned journalist Prof Adeniyi at 60 ‎ ‎**Aiyedatiwa ...

  By Dr Muda Yusuf The year 2025 marked a significant turning point in Nigeria’s macroeconomic trajectory following the turbulence associated with the early phase of reforms. Exchange-rate stability emerged as the most visible achievement, with the naira largely trading within the ₦1,440–₦1,500/US$ band. Periodic marginal appreciation strengthened business confidence, eased imported inflation and restored predictability to pricing, contracting and investment planning. Inflation decelerated sharply from 24.48 percent in January to about 14.45 percent by November 2025. The slowdown was supported by currency stability, easing logistics pressures and improving supply conditions. Several food items and imported consumer goods recorded outright price declines, contributing to improved consumer sentiment and reduced price volatility. Business confidence strengthened materially. The NESG–Stanbic IBTC Business Confidence Index remained positive for most of the year, reflecting improve...

  ASSOCIATION OF FREE READERS OF NIGERIA  ENJOYING NEWSPAPERS HEADLINES  ENJOY THE READING News Update, Wednesday,  31/12/2025 ‎ ‎**No Going Back on New Tax Laws, Implementation Begins January 1, 2026 – Tinubu ‎ ‎**Nigerians lament crippling hardship, look ahead to 2026 with hope ‎ ‎**NANS urges FG to probe ITF over prolonged SIWES allowance delays ‎ ‎**PDP leadership crisis can be resolved in one week — Gbenga Hashim ‎ ‎**Malami pleads not guilty to money laundering charges ‎ ‎**LASG cancels 2025 greater Lagos fiesta, urges residents to pray for nation ‎ ‎**2027: Ogun East APC leaders drum support for Tinubu, Abiodun, Adeola ‎APC ‎ ‎**Adamawa NUJ mourns colleagues killed in Gombe crash ‎ ‎**Rivers monarch to Wike: You are a leader to be followed ‎ ‎**Edo Assembly report indicts Obaseki over MOWAA, Radisson Blu projects ‎ ‎**Ondo Amotekun nabs 39 suspected terrorists fleeing Sokoto after U.S. airstrikes ‎ ‎**NSITF moves up to 71.3 in ICPC's...

  By allcitynews.ng  Zenith Pensions Custodian Limited (ZPC), one of Nigeria’s leading Pension Fund Custodian has announced the successful execution of its 2025 Corporate Social Responsibility (CSR) initiative. Based on this partnership with the Greatlife Changers Foundation, the organization donated essential raw food materials and festive gifts to over 400 widows to ensure they had a joyful Christmas celebration. The event, which took place on the 20th of December, 2025 in Lagos, the event addressed the immediate needs of one of society’s most vulnerable groups, providing “joy boxes” containing rice and other cooking condiments. Beyond the material donations, the event served as a platform for emotional support and community bonding, ensuring that these women feel valued and celebrated during the festive season. The team oversaw the distribution of the items and engaged with the beneficiaries.  In his speech, the Managing Director, Mr. Peters Eledu, emphasized: “Our 202...

  By Owei Lakemfa Madness. This will be a fitting description of 2025 as it casts its last shadows on humanity.    My conclusion is not just based on the mindless slaughter in Gaza where even the Devil will willingly take lessons. What can be more evil than luring  starving people to supposed food centres and slaughtering  655 of them? Can the Devil plan better than Israel which on June 17, 2025 announced that hungry Gazans should come take food only to blow up 59 of them?  Or is it the deliberate targeting of journalists, killing 252 of them; a figure higher than the combined figure of  journalists targeted in the First and Second World Wars,  Yugoslavia, Vietnam and Afghanistan wars. No, I don’t just  mean the genocide in Gaza, but equally other evil massacres.  Take Sudan, for instance. Two over fed and over-pampered killer forces; the Armed Forces of Sudan  and the militia  Rapid Support Forces, RSF, idly reached for the...