Nigeria News Digest: Aug 29, 2025

The Nigerian government increased passport application fees to N100,000 for a 5-year pass and N200,000 for a 10-year pass, effective September 1, 2025, emphasizing quality and integrity.

SNEPCo’s managing director called for bold investments in off-grid energy solutions to address Nigeria’s energy deficit, highlighting potential market opportunities in solar and clean technology.

Authorities clarified misinformation about Nigeria’s 2025 tax reforms, noting that small enterprises with annual turnover under ₦100 million will be exempt from certain taxes.

The Nigerian Correctional Service spent over N14 billion in eight months to feed pre-trial inmates, prompting calls for oversight to ensure efficient use of resources.

The federal government pledged to integrate tax professionals into civil service frameworks, aiming to strengthen fiscal governance and tax reforms.

Nigerian capital market leaders endorsed President Tinubu’s economic reforms, urging firms to list on the NGX to boost market growth and confidence.