Headline

Tinubu Approves New Withholding Tax Policy

Published

1 year ago

July 2, 2024

President Bola Tinubu has approved a new withholding tax policy, replacing the old policy established in 1977.

Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele announced this on Tuesday.

The new withholding tax policy introduces significant reforms designed to alleviate the heavy burden that the previous system imposed on farmers and Small and Medium Enterprises (SMEs).

According to Oyedele, the updated regime addresses several long-standing challenges and introduces specific provisions, including: Small businesses will now be exempt from withholding tax compliance, reducing their administrative and financial burdens; businesses with low profit margins will benefit from reduced withholding tax rates, easing their cash flow and operational costs and producers, particularly farmers, will receive exemptions, fostering growth and sustainability in these critical sectors.

Others are the new measures aim to enhance compliance and reduce opportunities for tax evasion and avoidance. The policy streamlines the process of obtaining credit and utilizing tax deducted at source, making it more accessible for businesses. Updates to the new withholding tax regime will reflect emerging issues and align with global best practices, ensuring Nigeria’s tax system is contemporary and effective, and the new policy will provide clear guidelines on the timing of deductions and definitions of key terms, eliminating ambiguities.

Oyedele identified several issues with the previous withholding tax regime, which evolved to cover more transactions over time, leading to complications and unintended consequences.

According to him: “Businesses, especially Small and Medium Enterprises (SMEs), faced ambiguities regarding compliance, eligible transactions, applicable rates, and remittance timing. This complexity resulted in an excessive compliance burden and strained working capital for low-margin businesses”.

Other identified challenges include previous system treated withholding tax as a separate tax, adding to the list of multiple taxes and increasing the cost of doing business. Obtaining refunds for excess withholding tax was problematic, causing further financial strain on businesses. The lack of an exemption threshold made compliance costs uneconomical for taxpayers and enforcement costs high for tax authorities. Also, the overall structure of the old regime promoted tax inequity, failing to address emerging and contemporary issues effectively.

The new withholding tax policy is expected to bring significant relief and clarity to Nigerian businesses, promoting a more equitable and efficient tax system. The approved regulations will be published in the official gazette in the coming days, formalizing the changes and providing detailed guidelines for compliance.

This reform marks a critical step in Nigeria’s ongoing fiscal policy and tax reforms, demonstrating President Tinubu’s commitment to creating a more conducive environment for businesses to thrive.

Headline

TikTok Bans 49,512 Live Sessions In Nigeria As Creators Stream Sex Romps

Published

7 hours ago

November 22, 2025

Editor

For the first time, TikTok has shared data on its enforcement of Live Monetization guidelines, following a surge in users going live during sexual activity. The platform released the figures during its West Africa Safety Summit in Dakar, Senegal, held in partnership with AfricTivistes.

In the second quarter of 2025, TikTok took action, including warnings and demonetization, against 2,321,813 Live sessions and 1,040,356 Live creators for violating its Live Monetization guidelines.

In Nigeria alone, 49,512 Live sessions were banned during the same period.

The Summit brought together senior government officials, policy experts, NGOs, regulators, media representatives, and industry leaders from West African nations, including Nigeria, Senegal, Mali, Côte d’Ivoire, Burkina Faso, Chad, and Ethiopia.

Delegates discussed strategies to strengthen user protection and content moderation frameworks tailored to regional challenges.

The event marked a pivotal moment for TikTok’s regional safety efforts and its commitment to upholding global safety standards across Sub-Saharan Africa.

Experts shared insights, examined online safety challenges, and explored collaborative measures under TikTok’s #SaferTogether initiative.

TikTok’s Outreach and Partnerships Manager for Sub-Saharan Africa, Duduzile Mkhize, emphasized the platform’s commitment to enhancing user security through stakeholder collaboration.

She stated: “While global, we remain hyper-local in our day-to-day efforts. The dialogue at this Summit is invaluable because only through insights sharing and collaboration with policymakers and local partners across West Africa can we prevent a fragmented and insecure digital environment.

“United action can help us guarantee a safe space for our community to discover, create, and connect responsibly.”

A key partner in this effort is Nigeria’s Dr. Akinola Olojo, expert on preventing and countering violent extremism, and member of TikTok’s Sub-Saharan Africa Safety Advisory Council.

He said: “The convening of various stakeholders in Dakar, sharing insights for collaborative action, proves that the work we do alongside TikTok is not in vain.

“We must move beyond reactive measures and continue to build proactive systems that empower communities to resist radicalization and leverage online spaces for positive social impact.”

Globally, TikTok removed over 189 million videos in the same quarter, representing just 0.7% of all content uploaded. Of these, 163.9 million were flagged by AI-driven moderation systems.

Notably, 99.1% of removals were detected proactively, and 94.4% were taken down within 24 hours. The platform also removed 76,991,660 fake accounts, alongside 25,904,708 accounts suspected to belong to users under the age of 13.

In Nigeria, TikTok removed 3,780,426 videos between April and June 2025 for violating Community Guidelines. Impressively, 98.7% were removed before being viewed, and 91.9% were taken down within 24 hours.

The data, released in TikTok’s Quarter 2 2025 Community Guidelines Enforcement Report, underscores the platform’s ongoing commitment to creating a safe digital space for its users.

Headline

Nnamdi Kanu’s Case Proof Of Religious Persecution In Nigeria – US lawmaker, John James

Published

2 days ago

November 20, 2025

Editor

Former chairman of the Africa Subcommittee and now a member of the Energy and Commerce Committee, Representative, John James, has claimed that the case of Nnamdi Kanu, the leader of the Indigenous People of Biafra, IPOB, is proof of religious persecution in Nigeria.

James stated this when the United States House Subcommittee on Africa on Thursday, held a public hearing to review President Donald Trump’s recent redesignation of Nigeria as a Country of Particular Concern.

The hearing in Washington, DC included senior US State Department officials and Nigerian religious leaders.

James claimed that in the case of Nnamdi Kanu, Nigeria’s Court of Appeal had struck down the charges against him and ordered his release in 2022.

He said: “Religious persecution is tied to political repression and weakening institutions in Nigeria. The detention of Mazi Nnamdi Kanu is a clear example.

“In 2022, Nigeria’s Court of Appeals struck down the charges against him and ordered his release.

“The UN Working Group for Arbitrary Detention has also called for his unconditional release, yet he remains in solitary confinement in deteriorating health and recently had to represent himself in court.

“Nigeria has signaled that the law is optional and targeting Christians is fair game. Just hours ago this morning, despite the pleas and cries of Nigerian people and many Nigerian lawmakers, Kanu was convicted on all charges.”

Nnamdi Kanu was on Thursday, sentenced to life imprisonment over terrorism charges.

Headline

Nigerians Don’t Trust Their Govt – US Congressman Riley Moore

Published

2 days ago

November 20, 2025

Editor

US Congressman Riley Moore has said that Nigerian people do not trust their government.

Moore stated this on Thursday at US House of Representatives Subcommittee on Africa, which is investigating Trump’s redesignation of Nigeria as a ‘Country of Particular Concern’, CPC.

“The Nigerian people don’t trust their government. ‘How can you trust a government that doesn’t show up when you ask them to?

“The Nigerian government must work with the US in cooperation to address these insecurity issues.

“A case that just happened recently in Plateau state. We had a pastor there who warned the Nigerian government that they were under attack. There’s imminent attack forces here in the next 24 hours. Please come and help us.

“The Nigerian government did not only ignore it but put up a press release that it is fake news,” he said.

Moore would be meeting with a delegation of senior members of the Nigerian government, over the devastating insecurity in Nigeria and the US designation of the country as CPC, DAILY POST reports.