Nigeria News Digest: August 22, 2025

Key stories from Nigeria on Aug 22 include political developments, economic reforms, security challenges, and health concerns.

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Published 2025-08-23 2:35 AM

Business & Economy

President Tinubu signed four tax‑reform bills, including the Nigerian Revenue Service Bill and the Tax Administration Bill, which rename the Federal Inland Revenue Service as the Nigerian Revenue Service and introduce a new personal‑income‑tax calculator, despite opposition from northern politicians.

- tribuneonlineng.com

Analysts say Nigeria’s external reserves have climbed to $41 billion—the highest in four years—after the central bank cleared a $7 billion forex backlog and launched an FX code, providing a boost to the naira’s stability.

- leadership.ng