Muhyideen Suleiman

Massive Manchester United fan. A Chartered Accountant.

[Woye @woye1]

Apply ooooooo

https://t.co/tfrfgmQYPS

[Ainà Dipo 🇳🇬 @dipoaina1]

Stumbled upon this interesting piece.

A woman that manages a $100 million dollars equity investment company, is targeting Nigerian informal sector, which in her view is a $1 trillion dollar sector.

Nigeria 🇳🇬 will be the third most populous nation by 2025. With above 4 trillion dollar economy. If you like don’t start thinking about wealth generation. Be forming kunta-kinte 😹

[Taiwo Oyedele @taiwoyedele]

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the General Guidelines for the implementation of the Tax Acts 2025, setting out the process for transition from the repealed tax laws to the new tax framework effective from January 1, 2026.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audits, investigations, disputes and enforcement actions relating to periods before that date will be treated under the repealed tax laws.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Existing tax incentives and exemptions granted under the repealed laws will remain in place until their expiration dates.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

[Premier League @premierleague]

A 1-0 lead v Chelsea. Four minutes of additional time. Enter Carrick ball.

@manutd 🔴

[Ministry of Interior @MinOfInteriorNG]

MINISTRY OF INTERIOR

PRESS RELEASE

17TH MARCH 2026

FEDERAL GOVERNMENT DECLARES THURSDAY 19TH AND FRIDAY 20TH MARCH 2026 AS PUBLIC HOLIDAYS TO MARK EID-UL-FITR

The Federal Government of Nigeria has declared Thursday, 19th March, and Friday, 20th March 2026, as public holidays to mark the celebration of Eid-ul-Fitr, which signifies the end of the holy month of Ramadan.

The Minister of Interior, Dr. Olubunmi Tunji-Ojo, who made the declaration on behalf of the Federal Government, extended warm greetings and heartfelt congratulations to the Muslim faithful on the successful completion of the holy month of Ramadan.

The Minister urges Muslims to sustain the virtues of love, generosity, peace, tolerance, and sacrifice, which were emphasized during the holy month.

He also called on all Nigerians to use the festive period to pray for the continued peace, unity, and prosperity of the nation.

While wishing the Muslim faithful a joyful Eid-ul-Fitr celebration, the Minister encourages citizens to celebrate responsibly and extend acts of kindness to the less privileged in society.

The federal government remains committed to fostering national unity and peaceful coexistence among all Nigerians.

Signed Dr. Magdalene Ajani
Permanent Secretary Minister of Interior

[Manchester United @ManUtd]

Old Trafford proudly hosted Iftar on Tuesday, in collaboration with @MUM_SC ☪️❤️

[Premium Times @PremiumTimesng]

#FCTDecides2026: APC’s Maikalangu wins AMAC chairmanship election https://t.co/7WabSBxOxM

[BBC News (World) @BBCWorld]

King Charles to host Nigeria's first UK state visit in 37 years https://t.co/62tR6Ai9N9

[Federal Airports Authority of Nigeria @FAAN_Official]

AIR SHUTTLE

[HCI-MCI @drhcimci]

“Nigeria has become a frequent example in my discussions with presidents, policymakers, and investors around the world because the results of the last two years are truly commendable.”

— World Bank MD of Operations, Anna Bjerde, to President Tinubu

[ARISE NEWS @ARISEtv]

"As Tinubu gears up to run for a second term in 2027, a spate of painful reforms is beginning to show results." https://t.co/C3Rix6LlmM

[Abdul Samad Rabiu CFR, CON @asr_rabiu]

- 10.JAN.2026 -

Congratulations to our Super Eagles players on a brilliant victory against Algeria! 🇳🇬

You have lifted the spirit of the nation, and we proudly cheer you on as you prepare for the semi-finals.

To encourage you, I pledge USD $500,000 to the players upon winning the semi-final, with an additional USD $50,000 for every goal scored.

Should you go on to win the final, I further pledge USD $1,000,000, plus USD $100,000 for each goal scored in the final.

Wishing you continued success as you carry Nigeria forward.

Keep making Nigeria proud.

Proudly Nigerian 🇳🇬

#ASR

[Taiwo Oyedele @taiwoyedele]

If you have NIN you can retrieve your Tax ID in minutes. For your business Tax ID, use the CAC registration number.

Watch this video for the simplified process.

[Julius J. Adebayo @HeIsJayjam]

BREAKING: Russia National TV invites Nigeria President’s spokesperson to offer more clarity and insights amid US government’s invasion threat

I love the new geopolitical dimension this issue is taking.

In the end, an end to the menace of these marauding terrorists is in sight

[Taiwo Oyedele @taiwoyedele]

My message to investors at the ongoing World Bank and IMF meetings in the U.S. on changes to the Capital Gains Tax regime under our new tax reform laws.

[HCI-MCI @drhcimci]

Taiwo Oyedele: Claims that Tinubu has borrowed more than all governments since 1999 are false.

[A. Ayofe @abdullahayofel]

VIDEO: "If Peter Obi becomes a running mate to anyone in 2027, I will work against that ticket in my little capacity.” - Aisha Yesufu 🙆

Just bookmark &retweet😂👇🔥

[Imran Muhammad @Imranmuhdz]

"To all of you, Alex was my very good neighbor, and went to the same school with me in Chicago. Never did we dream that I would be in this position as President of Nigeria and Alex a successful businessman from Belarus." - President Tinubu showcased his schoolmate.

[Olubunmi Okunowo @bunmiokunowo]

The Sunnyvale–Kabusa road is one of the worst in any upwardly mobile area of Abuja. For over two decades, residents here have endured neglect. @GovWike @OfficialFCTA — it’s time this critical route got the attention and development it desperately needs. @officialABAT @KashimSM

[Lady K @KemPatriot]

🔥Dr. @AlakeDele didn’t hold back on @ARISEtv!

He set the record straight on Alh. Sule Lamido’s attempt to rewrite the history of June 12 and cleared the air on @officialABAT’s undeniable role.

He ended the show by challenging Lamido to a debate, I hope he takes it.

Facts don’t fear revision. Watch this! 👇
#KemKem