Author: SNOW TV NEWS

The dollar exchanged at the Lagos black market on Friday, January 9, at ₦1,480 per dollar for selling and ₦1,477 for buying, according to Bureau De Change sources.At the official market, the Central Bank of Nigeria (CBN) recorded rates between ₦1,420 and ₦1,430 per dollar.The CBN has reiterated that it does not recognize the parallel market and advises forex users to transact through banks, noting that rates may vary by location.

Concerns have emerged over Nigeria’s newly implemented tax regime after KPMG Nigeria identified what it described as major “errors, inconsistencies, gaps, and omissions” in the tax laws that came into effect on January 1, 2026. The professional services firm warned that leaving these issues unresolved could undermine the objectives of the reforms.Nigeria’s tax overhaul is anchored on four major laws: the Nigeria Tax Act (NTA), the Nigeria Tax Administration Act (NTAA), the Nigeria Revenue Service (NRS) Establishment Act, and the Joint Revenue Board (JRB) Establishment Act. Signed into law by President Bola Ahmed Tinubu in June 2025, the reforms officially commenced in 2026 but have remained controversial since their introduction in October 2024.Despite the criticism, government off...

Pope Leo XIV has expressed concern that war is once again becoming commonplace, warning that the global order is drifting away from dialogue toward the use of force.Speaking on Friday, January 9, in his New Year address to diplomats at the Vatican, the pontiff criticised the weakening of multilateralism and said diplomacy rooted in dialogue was increasingly being replaced by what he described as “diplomacy based on force.”He pointed to rising tensions in the Caribbean and the Pacific as a source of deep concern, singling out Venezuela following the recent seizure of its president by US forces. His remarks came hours after US President Donald Trump announced plans for land operations against drug cartels after maritime attacks in the eastern Pacific and Caribbean.Pope Leo called...