Explaining Nigerian tax ombud office
The Nigerian Tax Ombud Office was officially launched as part of the Nigerian Tax Reform 2026. The Tax Ombud in Nigeria is an independent body that helps resolve tax disputes and complaints in a fair and efficient manner. Eligibility: The Tax Ombud can handle complaints related to tax administration, such as delays, unfair treatment, or mistakes by the tax authorities. Using the Tax Ombud in Nigeria offers several benefits:– Faster Resolution: The Tax Ombud provides a quicker way to resolve tax disputes compared to the traditional courts, which can be slow and bureaucratic. – Tax Planning: Engage in proactive tax planning to minimize tax liabilities and avoid aggressive tax positions.
Source:Nigerian Tribune
February 02, 2026 03:53 UTC
Gold rally attracts foreign central banks in race to reduce dollar dominance
The global gold rally is gaining momentum as foreign central banks accelerate efforts to reduce their dependence on the United States dollar amid rising geopolitical and financial uncertainty. Third is the growing recognition among central banks that reserve diversification is now about sovereignty and resilience, rather than yield. The World Gold Council’s 2025 Central Bank Gold Reserves Survey reinforces this trend, showing that 95 per cent of reserve managers expect global central bank gold reserves to increase over the next 12 months. “For the first time since 1996, foreign central banks are having a greater share of gold in their reserves than United States Treasuries. “The gold trade started as a structural shift trade.
Source:Nigerian Tribune
February 02, 2026 03:53 UTC
Why Access Bank champions Africa’s biggest race
Supporting Africa’s biggest road race is therefore not incidental. People at the centre of progressWhat makes the Lagos City Marathon truly special is its inclusivity. Championing the Lagos City Marathon is one of the ways leadership is projected from Access. Access Bank is committed to running this long race with Africa, investing in people, institutions, and platforms that drive sustainable growth. By championing Africa’s biggest road race, Access Bank shows its belief in collective effort, long-term impact, and the power of leadership that moves with society,not ahead of it, and never apart from it.
Source:Nigerian Tribune
February 02, 2026 03:53 UTC
Naira nearer fair value as experts outline path to stronger currency
Nigeria’s naira is moving closer to its theoretical fair value, signalling improving foreign exchange (FX) stability, stronger policy credibility and easing speculative pressure, according to leading economists and policy analysts. Renowned economist and Managing Director of Financial Derivatives Company (FDC), Mr Bismarck Rewane, estimates the fair value of the naira at approximately ₦1,257 to the US dollar. Using the purchasing power parity (PPP) model, Rewane said the currency remains undervalued by about 11 percent, despite recent gains. He believes that there will be stability in the local currency in 2026 but might average N1,413 to the dollar. FX management is also about managing expectations,” Fasua said, noting that tighter controls have reduced abuse of FX forms and speculative outflows.
Source:Nigerian Tribune
February 02, 2026 03:53 UTC
Foreign employers no longer automatically taxable in Nigeria for remote workers
Foreign companies employing Nigerians to work remotely will no longer be deemed taxable in the country solely on the basis of having remote employees, following clarifications contained in Nigeria’s ongoing tax reform programme. He said the presence of remote workers in Nigeria, without more, does not create a taxable presence for foreign employers. “Foreign employers are no longer deemed taxable in Nigeria solely because they have employees working remotely in the country,” Oyedele stated via his verified X (formerly Twitter) handle. The engagement session, which attracted nearly 15,000 registered participants, focused on the practical implementation of the recently enacted Tax Reform Acts and their implications for employers and employees. Under the reforms, individuals earning the national minimum wage or less are automatically exempt from personal income tax.
Source:Nigerian Tribune
February 02, 2026 03:53 UTC
Southern US Frozen by Second Winter Punch; Snow & Ice Paralyze the Carolinas
Another surge of arctic air is bearing down on the united states, even as millions are still digging out from a deadly winter storm. Forecasters warn the cold blast could shatter temperature records, hit power supplies, and threaten agriculture, especially in the southern states.
Source:Punch
February 02, 2026 00:54 UTC
‘Made me want to punch the air’: The Night Manager’s seductive, twisty return was a TV triumph
What a pleasure it is to be seduced – and The Night Manager is just about the most seductive show on television. View image in fullscreen Family affairs … Hugh Laurie as Richard Onslow Roper and Diego Calva as Teddy Dos Santos. But the best thing about The Night Manager is how it pretended to meet our expectations, then subverted them entirely. It was Dos Santos, with all his daddy issues, who seemed more infatuated with this dishy British, blue-eyed man with his nice shirts. And poor, doomed Dos Santos.
Source:Punch
February 01, 2026 23:31 UTC
Trump says US is in talks with Cuba's top leaders
U.S. President Donald Trump. (Photo by Anna Moneymaker / Getty Images via AFP)US President Donald Trump said Sunday that Washington was negotiating with Havana’s leadership to strike a deal, days after he threatened Cuba’s reeling economy with a virtual oil blockade. On Thursday, the Republican president signed an executive order threatening to impose additional tariffs on countries that sell oil to Cuba. Hours later, Cubans were queuing up on Friday in long lines at gas stations in Havana. After Maduro’s fall, the US president warned Havana to “make a deal soon” or face unspecified consequences.
Source:Punch
February 01, 2026 21:31 UTC
Alcaraz Beats Djokovic to Win First Australian Open Title
Spains Carlos Alcaraz acknowledges spectators after defeating Serbias Novak Djokovic in the men's singles final match on day fifteen of the Australian Open tennis tournament in Melbourne on February 1, 2026. I dreamt about getting an Australian Open and completing the career Grand Slam.”He paid tribute to Djokovic. Djokovic, striving to become the oldest man to lift a Grand Slam singles trophy, last won one at the US Open in 2023. Alcaraz saved it, but the aggressive fourth seed kept pressing and converted on his third, then consolidated for a 4-1 lead. But Alcaraz ground him down and pounced as Djokovic served to stay in the match to seal a famous win.
Source:Punch
February 01, 2026 20:49 UTC
Nigeria Coup Plot: Defence Minister Reveals He Was a Target
The Minister of Defence, General Christopher Musa (retd. Musa disclosed this on Sunday during an interview on Channels Television’s Sunday Politics, days after the military announced that 16 officers arrested in October 2025 would face trial over an alleged coup plot. The former Chief of Defence Staff said he became aware that he was listed as a target of the plotters. But again, I think these guys were just a bunch of very unserious individuals that really don’t know. Even without the armed forces, Nigerians would have stood against them.
Source:Punch
February 01, 2026 20:04 UTC
Defection claims false, Kwankwaso never met APC — NNPP
The New Nigeria Peoples Party (NNPP) has dismissed reports claiming that its national leader, Rabiu Musa Kwankwaso, held talks to defect to the All Progressives Congress (APC), describing the claims as false and deliberately misleading. The party said Kwankwaso never entered into negotiations with the ruling party nor made any demands to President Bola Tinubu, contrary to speculations circulating in some quarters. Johnson said Kwankwaso neither contemplated leaving the NNPP nor engaged President Tinubu or the APC on joining the ruling party. “It is a blatant lie that Kwankwaso made demands or entered into negotiations with the APC or President Tinubu for his defection. Johnson clarified that the last meeting between Kwankwaso and President Tinubu occurred in 2024 and was unrelated to any political realignment.
Source:The Guardian
February 01, 2026 19:25 UTC
Oil discovery: Ogun govt reasserts jurisdiction over Eba Island
The Ogun State Government has firmly restated its territorial jurisdiction over Eba Island in Ogun Waterside Local Government Area, dismissing claims from some quarters in Ondo State as misleading and capable of fuelling unnecessary communal tension. Donald Kimikanboh Ojogo, representing Ilaje Federal Constituency in Ondo State, after President Bola Ahmed Tinubu approved the resumption of drilling activities at an abandoned oil well on Eba Island. The request was declined and reported to the Ogun State Government, NNPCL, and security agencies, an action described as a tacit acknowledgment of Ogun State’s authority. The Ogun State Government also dismissed reliance on colonial notices from 1919 and 1920 as misleading, citing Colonial Government Gazette No. Eba Island where the approved oil well is located is in Ogun State,” the statement concluded.
Source:The Guardian
February 01, 2026 19:12 UTC
PDP Nigeria 2027: Party Aims to Safeguard Democracy
The Caretaker National Vice-Chairman (South-South) of the Peoples Democratic Party, Mr Emmanuel Ogidi, says the party is focused on rebuilding unity and forging broad alliances to protect Nigeria’s democracy in 2027. In an interview with the News Agency of Nigeria on Sunday, Ogidi said the party is determined to defend democracy and reposition itself as a strong opposition ahead of the upcoming elections. The PDP chieftain, who acknowledged that the party is currently facing minor internal challenges, said its mission to safeguard democratic governance would not be derailed. “We are going to reach out to anybody reachable in the other political parties, including the ruling All Progressives Congress. Ogidi said that PDP’s priority in 2027 would be the protection of democracy, national unity, and the provision of a credible alternative to the ruling party.
Source:Punch
February 01, 2026 18:56 UTC
Police arrest suspects after attack on officers in Delta
The Delta State Police Command has arrested suspects following an attack on its officers at the boundary between Akukwu-Igbo and Ugbolu communities in Oshimili North Local Government Area. The arrests follow a manhunt ordered by the Commissioner of Police, Delta State Command, CP Aina Adesola, who directed the immediate deployment of operatives to restore order and public confidence after the incident. “Following prompt police deployment, operatives in a sting operation have arrested some suspects connected to the incident. He also warned that no extremist, secessionist, or violent group would be allowed to operate within Delta State. It urged the public to remain calm and provide credible information through the Control Room contact to aid in the arrest of other suspects currently at large.
Source:Punch
February 01, 2026 18:40 UTC
PAP Laptop Distribution Equips 900 Niger Delta Students
The latest recipients include students from partnering institutions, Nigeria Maritime University and Admiralty University of Nigeria, as well as non-partnering schools, Dennis Osadebey University, Southern Delta University, and the University of Delta. “This laptop distribution underscores our strong commitment to the overall academic success of our students. According to the statement, many students receiving the laptops described the distribution as timely, noting it would significantly aid their studies. According to PAP, Otuaro has deployed over 9,000 students to universities within and outside Nigeria for various industry-relevant courses since assuming office in March 2024. PAP was established in 2009 to address militancy in the Niger Delta by disarming and rehabilitating former agitators.
Source:Punch
February 01, 2026 18:30 UTC