Tax Laws: Lawmakers Could Halt January 2026 Rollout Over Alleged Alteration — Oyedele Nigeria’s planned January 1, 2026 implementation of major tax reform laws could be delayed or even halted as lawmakers investigate claims that the versions signed into law were altered after passage by the National Assembly, according to Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee. Oyedele made the revelation during an interview on Channels Television’s Morning Brief, where he responded to allegations that parts of the tax laws available in the official gazetted copies differ from what was debated and approved by the…
Author: FinTech Today
FIRS Announces: Your NIN is Now Automatically Your Tax ID in Nigeria from 2026 In a major update to Nigeria’s tax system, the Federal Inland Revenue Service (FIRS) has clarified that the National Identification Number (NIN) will automatically serve as the Tax Identification Number (Tax ID or TIN) for all individual Nigerians starting from January 2026. This change aims to streamline tax administration and eliminate the need for separate registrations. The announcement, made via a public awareness campaign on December 23, 2025, addresses growing concerns about new tax laws requiring a Tax ID for transactions like bank account operations. According…
Top Six Tech Skills Nigerians Need to Stay Relevant in 2026 — and Where to Learn Them for Free As technology continues to reshape jobs, businesses, and entire industries, Nigerians who want to stay competitive in 2026 must invest in the right digital skills. The good news? You don’t need to spend millions of naira to get started. From artificial intelligence to cybersecurity, several global tech companies and institutions now offer free online courses, many of which are accessible from Nigeria and come with certificates. Here are the top six tech skills Nigerians need in 2026, plus direct links to…
Top Six Tech Skills Nigerians Need to Stay Relevant in 2026 As technology reshapes industries at record speed, the skills Nigerians need to stay employable and competitive are changing just as fast. By 2026, employers will prioritize digital, technical, and problem-solving skills over traditional qualifications, as automation, artificial intelligence, and remote work redefine the global job market. For Nigerian professionals, students, and entrepreneurs, acquiring the right tech skills is no longer optionality is essential for survival and growth in the digital economy. Here are the top six tech skills Nigerians need to stay relevant in 2026. 1. Artificial Intelligence (AI)…
Why Bank Transfers in Nigeria Will Cost More From 2026 Starting in January 2026, everyday bank transfers in Nigeria are expected to become more expensive for consumers and businesses — and the reason goes beyond typical bank fees. New Tax Rules Replacing EMTL With Stamp Duty The biggest change comes from the replacement of the Electronic Money Transfer Levy (EMTL) with a new stamp duty system under recently enacted tax reforms. Previously, the EMTL charged a small N50 fee on transfers — but even that modest charge is now set to be superseded by a broader stamp duty regime that…
Access Holdings to Sell New Shares in Foreign Currency in Bid to Raise ₦40 Billion Access Holdings Plc has announced a capital-raising initiative designed to strengthen its balance sheet and support strategic growth, including the possibility of selling new shares denominated in foreign currency as part of a broader effort to raise ₦40 billion in fresh capital. (Premium Times Nigeria) The plan received shareholder approval at an Extraordinary General Meeting (EGM) held on 18 December 2025, where investors authorised the company’s board to undertake the capital raise via a private placement. (Nigeria Communications Week) New Shares and Foreign Currency Strategy…
Why Many Nigerians May Not Welcome PayPal Back (Despite Its 2026 Africa Plans) In late 2025–2026, social media platforms like X (formerly Twitter) have been abuzz with criticism of PayPal’s announcement of a renewed push into Africa via partnerships and digital wallets — but many Nigerians aren’t enthusiastic about a return. Here’s why: from X thread 1. PayPal Shut Nigerians Out for Years Leaving Durable Resentment A major source of backlash is historical: for nearly two decades, Nigerian users were restricted on PayPal accounts allowed to send money but not receive funds directly into their accounts. This severely limited freelancers,…