RECORDING ACADEMY ADDS FIVE NEW GRAMMY CATEGORIES, UPDATES RULES FOR 2026 AWARDS. (PHOTO).

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 Recording Academy adds five new Grammy categories, updates rules for 2026 awards NEW YORK - The Recording Academy is introducing five new categories and making several rule changes for the 2026 Grammy Awards in an effort to reflect the evolving global music landscape. Among the new additions is a best Asian pop music performance category, which will honor performances across genres such as K-pop, J-pop, C-pop and other Asian pop styles, with the award going to performers. A new best traditional pop vocal performance category will recognize artists whose work does not fit within modern pop styles. A best Latin song category will spotlight songwriters for Spanish-language Latin recordings. Changes are also coming to existing categories in R&B and folk music. The academy is adding a best R&B collaboration or duo/group performance category alongside a revised best R&B solo performance award. In folk, the best folk album category will be split into best contemporary folk al...
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STAKEHOLDERS CALL FOR N100M TURNOVER THRESHOLD FOR SMALL BUSINESS TAX EXEMPTION. (PHOTO).

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 Stakeholders call for N100m turnover threshold for small business tax exemption


Stakeholders have urged the federal government to increase the turnover threshold for small businesses to be exempt from the new Withholding Tax (WHT) regulation from N25 million to N100 million. While they welcomed the government’s efforts to ease the tax burden on businesses, they argued that N25 million is too low given current economic realities.


They praised the policy for supporting small businesses but emphasized the need for a higher threshold to better reflect inflation and the devaluation of the naira.

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