By Odita Sunday   The Nigerian Army has carried out a major reshuffle of its senior leadership, redeploying commanders and principal staff officers to key operational...

By Odita Sunday   The Nigerian Navy has intensified its crackdown on illegal oil refining in Rivers State, disrupting two illegal refining sites and recovering approximately 33,000 litres of products suspected to be illegally refined Automotive Gas Oil (AGO) in Egbema-Ndoni Local Government Area.   The operation, conducted on September 6, 2026, by the Nigerian Navy Ship (NNS) PATHFINDER, also uncovered eight dugout pits, sacks and reservoirs reportedly used in the illicit refining activities.   The suspected operators, however, fled the area before the arrival of the naval team, with no arrest made during the operation.   The latest raid is part of sustained naval efforts to prevent illegal refiners in the area from rebuilding their operations after previous enforcement actions.   According to the...

MTN, Airtel, as well as money deposit banks in Nigeria have been appointed by the Federal Inland Revenue Service (FIRS) to withhold Value Added Tax (VAT) charged on all taxable supplies made to them, and remit to the Service. This is contained in a Public Notice the FIRS issued on the 1st of November, signed by its Executive Chairman, Muhammad Nami, where it explained the role of the companies as well as the obligations of their suppliers with regards to the withholding of Value Added Tax. “This Notice is given to all persons carrying on trade, profession or business of any kind, tax practitioners and the general public that, with effect from 1st January, 2023; in...