President Bola Tinubu said the new law will create a fairer and more efficient tax system, simplify revenue collection, reduce the tax burden on individuals and businesses and boost government revenue collection.
Monday, June 30, 2025
Video - Nigerian President signs four tax reform bills into law
President Bola Tinubu said the new law will create a fairer and more efficient tax system, simplify revenue collection, reduce the tax burden on individuals and businesses and boost government revenue collection.
Video - Nigerian experts urge better PTSD support
Mental health professionals in Nigeria are calling for more government support, awareness, and accessible treatment for Post-traumatic stress disorder (PTSD). The World Health Organization (WHO) estimates that 40 million Nigerians suffer from mental illness.
One of Nigeria’s richest men set to be buried in Saudi Arabia
Business mogul Dantata, 94, an uncle of Africa's richest man Aliko Dangote, leaves three wives, 21 children and 121 grandchildren.
His body was transferred from Abu Dhabi where he died to Medina after Saudi authorities approved his burial in their country.
It was his wish to be buried in a city he adored and where Islam's prophet Muhammad lived and died.
Nigeria's President Bola Tinubu described Dantata's death as a "monumental national loss” in a statement.
He said Dantata had made "sterling contributions to Nigeria's growth and development" through decades of enterprise, service, and philanthropy.
He was known across Nigeria for his philanthropic activities. Last year, he donated 1.5 billion naira ($972,000; £710,000) to victims of the devastating floods in north-eastern Borno state.
His business interests cut across agriculture, real estate, construction and manufacturing.
He first made his name in agriculture, starting trading kola nuts and groundnuts in the 1940s.
He came from a business family - his father Alhassan Dantata was once considered to be the richest man in West Africa.
Despite his riches, Dantata lived in one of the poorest areas of the northern city of Kano, like his parents before him.
His influence was also felt in politics, with politicians eager to seek his blessings before elections.
A video of President Tinubu bowing to greet him before the 2023 elections went viral on social media.
A special prayer was held for him in Kano, where he lived all his life.
Two Nigerian governors and the defence minister have gone to Medina for his funeral.
Mansur Abubakar, BBC
Friday, June 27, 2025
Video - Nigeria tackles methamphetamine crisis
Nigerian drug enforcement agency officers report that Nigeria, once merely a transit point for methamphetamine, is now a producer, thanks to secret laboratories left behind by South American cartels. The agents state that the meth being produced in Nigeria is among the most sought after worldwide. Authorities are intensifying their efforts to crack down on meth traffickers and users.
Nigeria’s first stablecoin summit to offer $10,000 to startups, undergraduates
Nigeria’s first stablecoin summit scheduled to hold in Lagos is expected to offer outstanding startups and undergraduates grants up to $10,000 in what would promote business development and innovation, organisers say.
The conference, billed for Thursday, July 24, 2025, is set to bring together policymakers, stablecoin innovators, and various stakeholders to discuss the future of borderless digital payments on the continent.
“Startups attending the event would have the opportunity to participate in a pitch competition, where winners would receive up to $10,000 in cash and other prizes,” the organisers said in a statement.
“Undergraduates with an interest in the tech and digital finance ecosystem are invited to submit their write-ups for an Essay Competition, which would award 1st, 2nd, and 3rd place to the best entries.”
Nigeria boasts one of the largest tech talent pools in Africa. During the conference, policymakers, stablecoin issuers, exchanges, payment gateways, regulators, developers, and ecosystem enablers are all expected to engage in open dialogues to develop frameworks that reflect current realities.
Nathaniel Luz, president of the Africa Stablecoin Network and convener of the Nigeria Stablecoin Summit, stated that there is a need for coordinated efforts and collaborations between the government and fintechs to unlock the full potential of stablecoins in Nigeria.
He added that policymakers and stablecoin innovators would need to engage in open dialogue to develop frameworks that reflect current realities.
Luz explained that the summit’s theme, “Enhancing Adoption for a Borderless Digital Economy,” speaks to Nigeria’s need for a more integrated and seamless borderless payment ecosystem.
He emphasized that the industry needs interoperable payment systems and reliable on- and off-ramps that connect everyday commerce with stablecoins, stressing that collaborations between the government and fintechs would strengthen trust, scale solutions, and help build a sustainable ecosystem that solves real-world problems.
He further said that Nigeria’s digital finance economy is ripe for growth and expansion with room for more adoption, but these crucial “gateway discussions” have not yet taken place. He therefore urged all stakeholders in the Nigerian digital finance ecosystem to attend the Nigeria Stablecoin Summit, organised by the Africa Stablecoin Network.
Luz described the gathering as a very special and pivotal moment that would shape the future of payments in Nigeria and beyond. He asserted that while stablecoins might be a luxury for the West, they are an economic lifeline for Africa.
The conference, billed for Thursday, July 24, 2025, is set to bring together policymakers, stablecoin innovators, and various stakeholders to discuss the future of borderless digital payments on the continent.
“Startups attending the event would have the opportunity to participate in a pitch competition, where winners would receive up to $10,000 in cash and other prizes,” the organisers said in a statement.
“Undergraduates with an interest in the tech and digital finance ecosystem are invited to submit their write-ups for an Essay Competition, which would award 1st, 2nd, and 3rd place to the best entries.”
Nigeria boasts one of the largest tech talent pools in Africa. During the conference, policymakers, stablecoin issuers, exchanges, payment gateways, regulators, developers, and ecosystem enablers are all expected to engage in open dialogues to develop frameworks that reflect current realities.
Nathaniel Luz, president of the Africa Stablecoin Network and convener of the Nigeria Stablecoin Summit, stated that there is a need for coordinated efforts and collaborations between the government and fintechs to unlock the full potential of stablecoins in Nigeria.
He added that policymakers and stablecoin innovators would need to engage in open dialogue to develop frameworks that reflect current realities.
Luz explained that the summit’s theme, “Enhancing Adoption for a Borderless Digital Economy,” speaks to Nigeria’s need for a more integrated and seamless borderless payment ecosystem.
He emphasized that the industry needs interoperable payment systems and reliable on- and off-ramps that connect everyday commerce with stablecoins, stressing that collaborations between the government and fintechs would strengthen trust, scale solutions, and help build a sustainable ecosystem that solves real-world problems.
He further said that Nigeria’s digital finance economy is ripe for growth and expansion with room for more adoption, but these crucial “gateway discussions” have not yet taken place. He therefore urged all stakeholders in the Nigerian digital finance ecosystem to attend the Nigeria Stablecoin Summit, organised by the Africa Stablecoin Network.
Luz described the gathering as a very special and pivotal moment that would shape the future of payments in Nigeria and beyond. He asserted that while stablecoins might be a luxury for the West, they are an economic lifeline for Africa.
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