FIRS begins tax deduction on online betting – Newstrends
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FIRS begins tax deduction on online betting

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The Federal Inland Revenue Service says it has commenced the deduction of taxes on online betting and gaming operators at the points of transaction.

It said this was being done using the Sentinal National Payment Gateway and Electronic Solution.

According to the agency, all operators offering online gaming services in Nigeria are now compelled to connect to the Sentinal National Payment Gateway by December 31 so that the deducted tax can remit directly to the government’s treasury.
Executive Chairman of the FIRS  Muhammad Nami, disclosing this, urging full compliance by the online gaming community.

He explained the Sentinal National Payment Gateway is a transaction processing system that enables Integrated Payment Services Providers to deduct taxes at the points of transaction and immediately remit the tax deducted to the government’s treasury.
A statement by the media aide to the FIRS chairman, Oluwatobi Wojuola, quoted the agency head as saying, “The FIRS is automating the administration of tax on online gaming using Sentinal National Payment Gateway and Electronic Solution.
“Sentinal National Payment Gateway is a transaction processing system that enables Integrated Payment Service Providers to deduct taxes at transaction points and remit the tax deducted directly to the government’s treasury.
“The deployment of Sentinal National Payment Gateway is expected to simplify tax compliance for companies engaged in online gaming activities.”

 

Railway

NRC Appeals for Patience as Abuja–Kaduna Train Service Faces Temporary Disruption

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NRC Appeals for Patience as Abuja–Kaduna Train Service Faces Temporary Disruption

The Nigerian Railway Corporation (NRC) has urged passengers using the Abuja–Kaduna train service to exercise patience, describing the current service disruption as temporary while repairs and security upgrades continue.

The appeal was made on Tuesday by NRC Managing Director Dr. Kayode Opeifa, following public concerns over the reduced frequency of train services on the corridor. He acknowledged commuter frustrations and affirmed that the Abuja–Kaduna line remains a flagship service under Nigeria’s railway modernisation programme.

Dr. Opeifa attributed the reduced services to two major setbacks: the March 2022 terrorist attack on the rail line, which prompted enhanced security measures, and a recent derailment that damaged multiple Diesel Multiple Unit (DMU) coaches, reducing the number of operational trains. He clarified that the service reduction was not due to neglect, but a necessary step to ensure passenger safety.

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Repairs and refurbishments are ongoing, with plans to deploy additional coaches to restore normal service frequency. “Passengers’ feedback helps strengthen our resolve to deliver safe, reliable and efficient service,” Opeifa said.

The NRC also highlighted continued support from the Federal Government under President Bola Ahmed Tinubu’s Renewed Hope Agenda, as the Minister of Transport works closely with the Corporation to accelerate full restoration. Alternative rolling stock is being considered to temporarily reinforce service, while safety certification and enhanced security along the corridor remain top priorities.

The NRC assured commuters that the challenges are part of a phase of recovery and rebuilding, promising progressive improvements and a return to multiple daily trips. Passengers can communicate directly with the Managing Director via SMS at 08075005411 for feedback.

NRC Appeals for Patience as Abuja–Kaduna Train Service Faces Temporary Disruption

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Nationwide Glo Network Outage Disrupts Data Services Across Nigeria

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Nationwide Glo Network Outage Disrupts Data Services Across Nigeria

Millions of subscribers of Glo Nigeria were left stranded on Tuesday following a nationwide data outage that disrupted internet connectivity and online transactions across multiple states.

The disruption, which began around 8:30 a.m., affected users’ ability to browse the internet, access mobile apps, or carry out digital payments—causing widespread frustration among individuals and businesses relying on mobile data services.

In an official statement to customers, Glo acknowledged the service interruption and tendered an apology for the inconvenience caused. The telecom operator assured subscribers that its engineers were working urgently to resolve the problem and restore normal connectivity.

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“We understand how important reliable access is to you and sincerely apologise for the disruption,” the company said.
“Our technical team is working to resolve the issue and ensure services are restored as quickly as possible.
Thank you for your patience and for choosing Glo. We truly appreciate you.”

The Glo network outage marks one of the most significant service disruptions experienced by the operator in recent months, with subscribers taking to social media to express their concerns and seek updates.

Telecom experts say nationwide outages of this scale often stem from major fibre cuts, transmission failures, or core network faults, though Glo has yet to disclose the exact cause.

Subscribers are hopeful that full connectivity will be restored soon as the company continues its recovery efforts.

Nationwide Glo Network Outage Disrupts Data Services Across Nigeria

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Naira strengthens as official, parallel market rates align further

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Naira strengthens as official, parallel market rates align further

The Nigerian Naira remained stable against the US Dollar on Tuesday, December 9, 2025, with trading data showing continued convergence between the official exchange rate and the parallel market. The trend follows sustained monetary reforms and improved foreign exchange inflows.

According to figures from the NAFEM window, the Naira opened at an average of ₦1,450.92 per dollar, maintaining its recent trading band between ₦1,450 and ₦1,460. Market analysts attribute the stability to rising foreign inflows and the US Federal Reserve’s dovish monetary stance, which has weakened the dollar globally.

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In the parallel market, currency dealers in Lagos and Abuja priced the dollar at around ₦1,490 (selling) and ₦1,475 (buying). Data from street platforms, including Aboki Forex, indicates that the gap between official and black-market rates has narrowed to roughly ₦40, signalling reduced arbitrage and improved efficiency in the FX ecosystem.

Experts say the Central Bank of Nigeria (CBN) has helped steady the currency through ongoing reforms and gradual reserve buildup. Anticipated US Fed rate cuts later this month are also boosting investor confidence in Nigerian assets, helping keep exchange-rate volatility low as the year closes.

Naira strengthens as official, parallel market rates align further

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