New Immigration Service Tracker Provides Real-Time Updates On Passport Readiness

The Nigeria Immigration Service (NIS) has announced the rollout of an enhanced passport tracking feature, following rising public clamour over delays in passport issuance and collection.
According to the update posted by the Service on X, the feature is intended to give applicants clearer visibility on when their passports are ready for pickup or courier delivery, thereby reducing uncertainty around processing timelines.
The Service confirmed that the new tracker status it introduced will help applicants distinguish between production delays and passports that are ready but yet to be retrieved.

Federal Government Mandates New VAT Charges For Electronic Banking Services

The Federal Government has directed all banks and fintechs to collect and remit 7.5 per cent value-added tax on certain electronic banking services, effective Monday, January 19th 2026.
The NRS, formerly known as the Federal Inland Revenue Service, has set the deadline to ensure that all commercial banks, microfinance banks, and electronic money operators comply with the collection and remittance requirement.
According to an email notice shared with customers, the charge, previously known as the EMTL, has now been formally reclassified as stamp duty and will be applied as a one-off fee on qualifying electronic transfers including mobile money transfers, USSD transaction fees, and card issuance fees, in a bid to standardize VAT collection on digital financial services.

OSUN TARGETS OVER 2 MILLION CHILDREN FOR MEASLES–RUBELLA VACCINATION CAMPAIGN

The Osun State Government has announced that 2,048,840 children aged nine months to 14 years will be targeted in the upcoming Measles–Rubella (MR) vaccination campaign.
The announcement was made by the State Commissioner for Health, Jola Akintola, during a media briefing on Tuesday ahead of the statewide campaign, which will cover all 30 Local Government Areas and the Modakeke Area Office.
Rubella, also known as German measles, is a contagious viral disease similar to measles but generally milder. While symptoms include rash, cough, runny nose, and red, watery eyes, the disease can be dangerous for pregnant women, potentially leading to Congenital Rubella Syndrome (CRS) in newborns, causing blindness, deafness, heart defects, or brain damage.
Akintola further emphasized that the MR vaccine is safe and effective, providing protection against both measles and rubella.

FG ENFORCES 0.5% LEVY ON WHOLESALE PETROLEUM PRICES UNDER NEW REGULATIONS

The Federal Government has intensified regulatory oversight of fuel suppliers and wholesale customers in the downstream petroleum sector with the enforcement of a 0.5 per cent levy on the wholesale price of petroleum products and natural gas. The levy is provided under the newly published Midstream and Downstream Petroleum Operations Regulations, 2025.
Under the regulations, suppliers of petroleum products are required to collect and remit the levy at wholesale points. Compliance with the levy is now a condition for licensing and continued operation in the sector.
Section 47 of the Petroleum Industry Act establishes the Authority Fund, managed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), into which all monies accruing to the commission must be paid.
The law specifies that one of the sources of the fund shall be “0.5 per cent of the wholesale price of petroleum products sold in Nigeria, which shall be collected from wholesale customers.”
The Federal Government said the levy will strengthen regulatory supervision and support sector development while ensuring transparency and accountability in the downstream petroleum market

FG proposes N3.23tn for federal road construction and rehabilitation in 2026 budget

The Federal Government has proposed spending 3.2 trillion naira on the construction and rehabilitation of federal roads in the 2026 budget, a sharp increase aimed at completing long-delayed highways and repairing key corridors nationwide. The allocation marks a nearly four hundred and eighty-nine percent rise compared to the five hundred and forty-eight point five billion naira set aside for road projects in 2024, and more than triples the one trillion naira provided in the 2025 budget for four hundred and sixty-eight federal roads. Officials say the move reflects the government’s renewed commitment to fast-track inherited projects

Nigeria Aims to Attract Global Capital With UAE Partnership and Investopia Event

President Bola Tinubu has assured Nigerians that Nigeria will co-host Investopia with the United Arab Emirates (UAE) in Lagos in February, in a bid to attract global investors and accelerate sustainable investment inflows.
Tinubu made this announcement at the 2026 Abu Dhabi Sustainability Week (ADSW), on the sidelines of which Nigeria also concluded a Comprehensive Economic Partnership Agreement (CEPA) with the UAE to deepen trade and cooperation in renewable energy, infrastructure, logistics, and digital trade.
The president stated that Investopia will bring together investors, innovators, policymakers, and business leaders to transform opportunities into commitment and ideas into investment.

NIGERIA CUSTOMS INTRODUCES NEW SOP FOR DDP COURIER OPERATIONS

The Nigeria Customs Service (NCS) has launched a new Standard Operating Procedure (SOP) to regulate courier companies operating under the Delivered Duty Paid (DDP) regime, the agency announced on Monday.
The SOP provides a unified framework for courier activities, covering registration, manifest submission, declaration, valuation, clearance, delivery, and compliance monitoring, aligning with global best practices.
According to NCS spokesperson Abdullahi Maiwada, the initiative is grounded in the ICC Incoterms 2020, the Nigeria Customs Service Act 2023, the WCO SAFE Framework, the Revised Kyoto Convention, the WTO Trade Facilitation Agreement, and the Nigeria Postal Service Act 2023.
Under the new framework, courier companies must obtain a license from the NCS Headquarters License and Permit Unit, submit all mandatory documents including CAC registration, valid courier licenses, compliance bonds, and formally apply to operate under DDP. Operators are required to submit an Advance Electronic Manifest (AEM) 24 hours before shipment arrival, with details such as HS codes, item descriptions, values, origins, and consignees.
The SOP also mandates that courier companies act as declarants by filing Single Goods Declarations (SGDs) via the B’Odogwú platform, with full payment of customs duties, VAT, and other levies through authorised channels before clearance. Risk-based cargo profiling will guide inspections, and deliveries will only occur after full clearance with Proof of Delivery (POD) provided on request.
To ensure compliance, the NCS will conduct Post-Clearance Audits (PCA) to verify declarations, prevent revenue leakages, and confirm adherence to classification and valuation standards. Violations, including false declarations or non-payment of duties, may result in license suspension, seizure of goods, penalties, or prosecution.
The Service stressed that courier operators must submit monthly reports of all DDP shipments, including duty payments, classification details, and delivery records, to relevant Area Commands.
The NCS said the SOP reinforces its commitment to strengthening clearance integrity, facilitating legitimate trade, boosting revenue, and ensuring DDP operations meet the highest global compliance standards

FG LAUNCHES NEW SAVINGS BOND FOR RETAIL INVESTORS

The Federal Government of Nigeria has launched a new Savings Bond offer targeting retail investors, offering competitive interest rates and low entry requirements, the Debt Management Office (DMO) announced on Monday.
The bond, issued under the Debt Management Office (Establishment) Act 2003 and the Local Loans (Registered Stock and Securities) Act, aims to encourage savings among Nigerians while providing a safe, government-backed investment option.
Investors can choose between a two-year bond maturing on 21 January 2028 at 14.396% per annum or a three-year bond due 21 January 2029 with a 15.396% annual return. Interest will be paid quarterly, with the principal repaid in full at maturity.
Subscriptions opened on 12 January 2026 and close on 16 January 2026, with settlement scheduled for 21 January 2026. Bonds are priced at N1,000 per unit, with a minimum subscription of N5,000 and a maximum of N50 million per investor.
The DMO noted that the bonds are government securities, eligible for trustees and pension funds, exempt from certain taxes, listed on the Nigerian Exchange Limited, and count as liquid assets for banks’ liquidity ratios. Fully backed by the sovereign guarantee, the bonds are considered a low-risk investment.

NASD SECURITIES EXCHANGE POSTS STELLAR GROWTH IN 2025

The NASD Securities Exchange delivered a strong performance in 2025, with total market capitalization surging to N2.12 trillion, a 106% increase from N1.03 trillion in 2024. The growth was driven by fresh listings and broad-based price gains across its securities.
The Exchange said its diversification strategy is yielding results, with increased activity in equities, fixed-income instruments, and digital securities, signaling a shift from strategy formulation to execution. While activity on the flagship over-the-counter market remained moderate, it was bolstered by new company admissions and improved stability among existing securities.
The NASD Pension Index also recorded impressive gains, climbing 215% to 3,002.68 points from 954.33 points in 2024. Listing activity continued to be a major driver of growth on the platform, the Exchange noted.
NASD Managing Director and CEO, Eguarekhide Longe, said the results reinforce NASD’s position as Nigeria’s leading alternative securities exchange, offering flexible capital-raising and investment platforms beyond the traditional exchange framework.

ANAMBRA AWARDS ₦16.7BN CONTRACTS FOR ROADS, POWER, AND INFRASTRUCTURE

The Anambra State Government has approved contracts worth approximately ₦16.7 billion for key infrastructural projects, including road construction, electricity supply, and urban regeneration, aimed at boosting social cohesion, economic growth, and improving the lives of residents.
The announcement was made on Tuesday by the state Commissioner for Information, Law Mefor, following the first Executive Council meeting of 2026, held at the “Light House” in Awka.
According to Mefor, the council also mandated the Ministry of Environment and the Operation Clean and Healthy Anambra (OCHA Brigade) to enforce road setback standards on newly constructed dual carriageways. The standards require a minimum setback of 1.5 metres in built-up areas and three metres elsewhere, in line with global best practices for pedestrian walkways and non-motorised traffic.
Key contracts approved include:
₦15.96 billion for the dualisation of the 33-Nsugbe–Aguleri Road, awarded to Ferotex Construction Company Ltd.
₦56.4 million for the installation of a 500 kVA transformer at Irueyim Community, Nteje, awarded to Kennolly Enterprises.
₦159.6 million for solar street lights along Oye Market Road, Isuofia, awarded to Vigeo-Dome Ltd.
₦497 million for reclamation and remediation of the gully erosion site at Umugama-Ire Village, Abba, Njikoka LGA, awarded to P & K International Ltd.
Mefor also highlighted the council’s plans to further rejuvenate Nnewi and Nnobi under the state’s urban regeneration policy.
In addition, the government confirmed that the annual December festivities, branded “Onwa Dezemba”, will be sustained as a major cultural event, with celebrations planned at the Solution Fun City and the remodelled Ekwueme Square in Awka, aiming to make Ndi Anambra’s yuletide celebrations a national attraction.
The projects and policies reflect the administration’s focus on infrastructure development, security, urban planning, and cultural promotion across Anambra State.