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LIRS Extends Annual Income Tax Return Filing Deadline to April 21

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The Lagos State Internal Revenue Service (LIRS) wishes to express its sincere appreciation to esteemed taxpayers for their continued compliance and commitment to the filing of their individual annual income tax returns.

Following the earlier extension granted to April 14, 2026, the Agency has observed a significant increase in traffic on its eTax platform as more taxpayers endeavour to meet the filing deadline.

In view of this development, and to ensure that all taxpayers are provided with adequate opportunity to successfully complete their filings, LIRS hereby announces a further extension of the deadline, now set for April 21, 2026.

This additional extension is granted in consideration of the overwhelming response and to enhance taxpayer convenience, while maintaining the integrity and accuracy of submissions.

Taxpayers are reminded that the filing of annual income tax returns remains a statutory obligation and are encouraged to take advantage of this final extension to fulfil their civic responsibility.

The Executive Chairman of LIRS, Dr. Ayodele Subair, on Friday  reiterated that all filings must be completed electronically via the LIRS eTax platform: https://etax.lirs.net, which remains the only approved channel for submission.

For further enquiries or assistance, taxpayers may visit any LIRS office or contact the Agency through its official communication channels.

The post LIRS Extends Annual Income Tax Return Filing Deadline to April 21 appeared first on Business Today NG.

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Nigeria seeks investments in power, mining as reforms gain traction – Oyedele

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Nigeria is stepping up efforts to attract investment in key sectors, including power, mining, and infrastructure, as part of broader moves to strengthen the economy and drive sustainable growth.

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele disclosed this while speaking on the sidelines of high-level engagements involving President Bola Tinubu at the Africa CEO Forum in Kigali.

He noted that the administration is actively promoting Nigeria as an investment destination.

He said the president has taken a leading role in showcasing the country’s economic potential to global investors.

“One very exciting thing about Mr President is that he is never tired of marketing Nigeria; he is the chief marketer for the country,” the minister said, adding that discussions with investors have focused on unlocking opportunities in power, solid minerals, and private sector development.

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Focus on investment opportunities

According to the minister, recent engagements have centred on mobilising investment into strategic sectors, including port development, mining, and private enterprise.

He said Nigeria is working to better communicate its economic strengths, noting that previous efforts to present the country’s opportunities to investors had been inadequate.

“We were not telling our stories as we should before now. By telling a credible story, backed by what has been achieved and the commitment to do more, we can attract the right investments,” he said.

Mr Oyedele also spoke on bilateral engagements with the President of Guinea, describing the relationship between both countries as one of mutual cooperation and shared development goals.

He said President Tinubu commended his Guinean counterpart for maintaining ties with the Economic Community of West African States (ECOWAS) despite pressures to withdraw.

According to him, both countries are exploring collaboration in areas such as iron ore development and broader economic partnerships.

“We are stronger together,” the minister said, noting that both leaders expressed satisfaction with the outcome of their discussions.

Reforms and Africa’s growth

Speaking further, the minister said Nigeria’s ongoing economic reforms are beginning to position the country as an example for other African nations.

He acknowledged that while the reforms have been challenging, they were necessary to put the economy on a sustainable path.

“It wasn’t meant to be easy, but it was necessary. Now we are on that track towards realising the gains,” he said.

READ ALSO: Oyedele pledges to transform economic reforms into tangible benefits for Nigerians

Mr Oyedele added that discussions at the Africa CEO Forum focused on scaling economic growth, accelerating implementation, and strengthening institutions across the continent.

He said African leaders are increasingly shifting from policy discussions to execution, with emphasis on financing development, promoting value addition, and stimulating growth in key sectors such as agriculture, manufacturing, technology, and services.

According to him, the broader goal is to drive inclusive growth and lift more Africans out of poverty.

“The time for rhetoric is over; it is now time for execution,” he said, noting that the current period presents an opportunity not only to serve Nigeria but also contributes to the continent’s development.


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Mob Action in Ibadan: Police Rescue Suspected Victim from Lynching

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BY SINDAY SAMUEL—The Oyo State Police Command has confirmed an unfortunate incident of mob action that occurred on Monday, May 12, 2026, at about 2:30 p.m. around the 2nd Powerline Area, Ologuneru, Eleyele–Ido Road, Ibadan.

According to the Command, the incident followed a distress call reporting that an alleged kidnapper was being attacked by an angry mob and about to be lynched and set ablaze. A combined team of Patrol and Detective Officers, led by the Divisional Crime Officer of Eleyele Police Station, was immediately mobilised to the scene where the suspect was rescued from the enraged crowd.

However, before the arrival of the Police, the suspect’s Lexus RX 330 SUV had already been set ablaze by the mob. Two young girls identified as Deborah, 15, and Rebecca, 12, who were found inside the vehicle, were also taken into protective custody alongside the suspect for proper investigation.

Preliminary investigation revealed that the victim, identified as Dr. Afolabi, a United States-based medical doctor, was wrongly accused of kidnapping, contrary to misleading reports circulating on social media. The Command further disclosed that the two girls found in the vehicle were legally taken from Mrs. Idowu Abimbola, 56, of Eleyele Area, Ibadan, with the intention of delivering them to the victim’s mother to assist with household chores.

During investigation, Mrs. Abimbola confirmed the arrangement at the Police Station, while the two girls also corroborated her account, dispelling suspicions of abduction.

Further findings indicated that the misunderstanding began when Dr. Afolabi was stopped at a routine security inspection point at the Polytechnic gate. After lowering his vehicle window, the girls were allegedly seen in a manner that raised suspicion among onlookers and security personnel. His inability to provide immediate clarification, coupled with communication barriers involving the minors, escalated tensions and triggered the false alarm.

The situation led to a mob chase, during which the victim was intercepted and assaulted by irate youths before Police operatives intervened. He sustained injuries and was rushed to the Police Medical Services, where he is currently receiving treatment and responding positively.

Meanwhile, eyewitness statements have been obtained, including that of an Okada rider injured during the chaos, while efforts are ongoing to identify and apprehend all individuals involved in the mob action and destruction of property.

The Commissioner of Police, Oyo State Command, CP Abimbola Ayodeji Olugbenga, has strongly condemned the act of jungle justice and the spread of false information capable of inciting public panic and undermining security efforts in the state.

He ordered a comprehensive investigation into the incident and directed the immediate identification and arrest of all persons involved for prosecution in accordance with the law.

The Command urged members of the public to remain law-abiding, verify information before sharing, and report suspicious activities to security agencies rather than resorting to self-help.

The Command reaffirmed its commitment to protecting lives and property while ensuring justice is served professionally and fairly in line with the law.

The post Mob Action in Ibadan: Police Rescue Suspected Victim from Lynching appeared first on Business Today NG.

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