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IRS FILLING OPEN WINDOW: Jan 26 2026 to April 15 2026.

Nigeria is a prominent electricity supplier for various West African countries.

As of Q3 2025, Togo, Niger, and Benin collectively owed Nigeria $17.8 million in outstanding electricity debts.

These nations settled $7.125 million out of the invoiced $18.69 million for electricity supplied during the specified period.

Domestic Nigerian energy distribution companies achieved a 95.21% remittance performance out of the invoiced amount.

IRS UPDATE ON ONE BIG BEAUTIFUL BILL PASSED BY CONGRESS ON JULY 2025

Overview of the new deduction

Effective 2025 through 2028, individuals may deduct interest paid on a loan used to purchase a qualified vehicle for personal use that meets other eligibility criteria. Lease payments do not qualify.
Maximum annual deduction is $10,000.
Phases out for taxpayers with modified adjusted gross income over $100,000 ($200,000 for joint filers).
What counts as qualified interest

Interest must be paid on a loan that:

Originated after December 31, 2024
Was used to purchase a vehicle originally used by the taxpayer
Was secured by a lien on the vehicle
Was for a personal-use (nonbusiness) vehicle
If a qualifying vehicle loan is later refinanced, interest paid on the refinanced amount is generally eligible for the deduction.

​​​What counts as a qualified vehicle

A qualified vehicle is a car, minivan, van, SUV, pickup truck or motorcycle that:

Has a gross vehicle weight rating of less than 14,000 pounds
Underwent final assembly in the United States.

IRS UPDATE ON ONE BIG BEAUTIFUL BILL PASSED ON JULY 2025