TAX REFORMS STRENGTHEN ECONOMIC COMPETITIVENESS: WHAT YOU NEED TO KNOW ABOUT NIGERIA'S TAX ADMINISTRATION ACT THAT GOES INTO FORCE IN JANUARY 2026. (PHOTO). #PRESS RELEASE

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 Tax Reforms Strengthen Economic Competitiveness: What you need to know about Nigeria's Tax Administration Act that goes into force in January 2026.  Dr Tope Fasua In recent weeks, a wave of commentary has suggested that Nigeria’s new tax regime may scare away investors, trigger capital flight, or damage business competitiveness. These concerns, although understandable in an environment where fiscal reforms attract intense public scrutiny, are largely misplaced. The 2025 tax reforms, anchored by the new Nigeria Tax Act (NTA) and Nigeria Tax Administration Act (NTAA), represent one of Nigeria’s most pro-investment, pro-market, and modernising tax policy updates in decades. Far from undermining growth and competitiveness, the reforms simplify the tax landscape, align Nigeria with global best practices, reduce compliance burdens, and protect both businesses and individuals from outdated rules. More importantly, the reforms are fundamentally progressive, in line with Mr President'...

5 SAILORS WERE KIDNAPPED BY PIRATES FROM A POLAND SHIP,OFF NIGERIAN COAST.

           Today friday,Polish authorities said that Pirates attacked a Polish owned cargo vessel off the Nigerian coast and kidnapped it captain and four crew.The Cyprus registered Szafir was boarded overnight by armed men in two boats,who looted the 10,000 tonne container ship.Poland Foreign Minister Witold Waszczykowski said in a news conference today friday in Warsaw that the unidentified kidnappers had made no demands so far and Poland was liaising with Nigerian authorities. The kidnapped sailors also included other officers,which made the ship impossible to navigate.''The rest of the crew,11 people,are still on the ship and they are safe...The ship suffered some damage''.One more photo below.                                                                                                          

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