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JUST IN : NLC, TUC suspend planned protest in Abuja, direct workers to end strike

  The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have suspended their planned protest in the Federal Capital Territory (FCT) and directed workers under the Federal Capital Territory Administration (FCTA) to return to work with immediate effect. The decision followed a meeting between labour leaders, the FCT Minister, Nyesom Wike, and members of the Senate Committee on the FCT. The meeting, which commenced late on Monday and extended into the early hours of Tuesday, resulted in an agreement that led to the suspension of the protest and the resumption of normal activities across FCTA offices. The development may bring an end to a dispute that originated from an industrial action by FCTA workers over unresolved labour and welfare issues. According to reports, workers under the FCTA, led by the Joint Union Action Committee (JUAC), embarked on an indefinite strike on January 19, 2026, over unpaid allowances, welfare-related concerns, and other outstanding labour ma...
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Tax laws: We've no business with your transfer narrations, FG tells Nigerians

 





Tax laws: We've no business with your transfer narrations,

FG tells Nigerians





FG: ‘We’ve No Business With Your Transfer Narrations’



The Federal Government has assured Nigerians that under the newly-enacted tax laws, authorities will not monitor or debit personal bank accounts based on transfer narrations or descriptions you use when sending money. This clarification was given to address public concerns and rumours circulating around the new tax regime starting January 2026. 


Key points:


  • No government agency will track or make tax deductions simply because of the wording you put in a transfer narration.  
  • Nigerians are expected to self-declare their income at the end of the year when filing taxes rather than being taxed automatically via banking data.  
  • Some members of the House of Representatives have called for a suspension of implementation to allow for further review and clarification.


Under the new regime, individuals earning up to ₦800,000 per year (about ₦66,667 per month) are completely exempt from personal income tax (PAYE). This means you don’t pay income tax if your annual income is at or below this amount. 



New Progressive Tax Rates for Higher Earners



If you earn more than ₦800,000 a year, you’ll pay tax progressively — meaning the percentage you pay increases with income:

Annual Income Bracket (₦)

Tax Rate

Up to ₦800,000

0%

Above ₦800,000

Progressive rates up to 25% for the highest earners

High earners (above around ₦50 million per year) will pay up to 25% as a top marginal rate. 


👉 So the poorer you are, the less tax you pay — or nothing at all if under the exempt threshold. 


Peace 






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