FG Opens 2026 Overseas Scholarships for Nigerian Postgraduate Students 

Adetutu A, The Insights 20 January 2026

 President Bola Tinubu The Federal Government of Nigeria has officially opened applications for the 2026 Petroleum Technology Development Fund (PTDF) Overseas Scholarship Scheme, giving Nigerian postgraduate students the chance to study abroad in the United Kingdom,

LIRS Sets January 31 Deadline for 2025 Tax Returns: What Employers Need to Know 

Adetutu A, The Insights 17 January 2026

Deadline Reminder for Employers  The Lagos State Internal Revenue Service (LIRS) has reminded all employers in the state that the deadline to file 2025 annual tax returns is January 31, 2026. This applies to every business employing staff in Lagos and is in accordance with the Nigeria Tax Administration Act 2025.  What Employers Must File 

40,000 Kaduna Girls Gain Life Skills Education: How to Join the Programme 

Adetutu A, The Insights 16 January 2026

 Governor of Kaduna State, Uba Sani In a major move to strengthen girl-child education, over 40,000 adolescent girls in Kaduna State have benefited from a structured life skills education programme. Governor Uba Sani is now working to make this initiative permanent in all public secondary schools.  The programme goes beyond academics to equip students

FG Directs Banks and Fintechs to Collect VAT on Service Fees 

Adetutu A, The Insights 15 January 2026

The Federal Government (FG) has instructed all banks and fintech companies to collect and remit a 7.5% Value-Added Tax (VAT) on certain electronic banking services, starting Monday, January 19, 2026. This directive aims to standardise VAT collection across Nigeria’s growing digital economy and increase government revenue.  Which Services Will Be Taxed?  The VAT

U.S.–Nigeria Security Partnership: Boosting Nigeria’s Fight Against Insecurity 

Adetutu A, The Insights 15 January 2026

In a major development aimed at improving Nigeria’s security landscape, the United States has delivered critical military supplies to Nigerian forces, reinforcing the deepening partnership between both nations in tackling insurgents, terrorist groups, and criminal gangs.  Strengthening Security Operations  On January 13, 2026, the U.S. Africa Command (AFRICOM)

Nigeria–UAE Scrap Tariffs on Over 13,000 Goods

Adetutu A, The Insights 14 January 2026

President Bola Tinubu and UAE President Sheikh Mohamed bin Zayed Al Nahyan Nigeria and the United Arab Emirates (UAE) have signed a Comprehensive Economic Partnership Agreement (CEPA) that removes tariffs on more than 13,000 products traded between both countries. Under the deal, Nigeria has eliminated tariffs on 6,243 UAE goods, while the UAE has removed tariffs

2026 Budget: FG Allocates N1.38 trillion for Pensions and Retirees’ Benefits 

Adetutu A, The Insights 13 January 2026

2026 Budget: FG Allocates N1.38 trillion for Pensions and Retirees’ Benefits  The Federal Government has earmarked N1.38 trillion in the 2026 Appropriation Bill for pensions, gratuities, and other benefits for retirees across federal agencies, security services, parastatals, and universities. This allocation shows the government’s commitment to meeting

New U.S. Visa Bond Rules

Adetutu A, The Insights 12 January 2026

The United States government has expanded its visa bond pilot programme, which means travellers from certain countries including Nigeria may now need to pay a refundable bond of $5,000, $10,000, or $15,000 (about ₦7.5 million to ₦22.5 million) as a condition for getting a U.S. B‑1/B‑2 visitor visa (for business or tourism).   This bond is not a […]

No Tax on Bank Balances in Nigeria — Only Certain Transfers Attract ₦50 Stamp Duty 

Adetutu A, The Insights 7 January 2026

The Chairman of the Chartered Institute of Taxation of Nigeria (CITN), Abuja District, Ben Enamudu, has clarified widespread misconceptions about Nigeria’s new tax reforms. He emphasized that money in bank accounts is not taxed, and only specific electronic transfers are subject to a ₦50 stamp duty.  Only Electronic Transfers Are Charged 

Nigerian Army Opens Applications for Direct Short Service Commission Course 29/2026 

Adetutu A, The Insights 6 January 2026

The Nigerian Army has officially opened applications for the Direct Short Service Commission (DSSC) Course 29/2026, inviting qualified Nigerians to apply for commission as officers. The programme is open to both civilians and serving military personnel who possess the relevant professional qualifications.  Successful candidates will