Analyst Defends Tinubu's 2026 Tax Reform Amid Suspension Calls
APC chieftain Atoyebi Paul commends President Tinubu's new tax acts set for 2026, arguing the outdated law needed reform despite public agitation for suspension. Details inside.
Category : Search result: VAT sharing formula
Experts Clarify N50 Stamp Duty on Transfers, Not Balances
Tax authorities clarify that the new N50 stamp duty applies only to electronic transfers, not bank balances. Learn about exemptions, VAT rules, and rent relief under Nigeria's 2025 Tax Act.
New VAT Formula Boosts States' Share to 55% in 2026
Nigeria's new VAT sharing formula, effective January 2026, shifts N461.27bn to states. Federal allocation drops to 10%. Discover the state-by-state impact and fiscal future.
2025 Tax Reforms: Nigeria's Path to Fiscal Stability
Nigeria's 2025 Tax Acts aim to rebuild the nation's fiscal architecture, protect low earners, and drive digital compliance. Discover the long-term strategy beyond the revenue debate.
Lady Laments N23k VAT on N181k Restaurant Bill
A Nigerian lady's viral TikTok video exposes a N23,000 tax charge on a N181,000 restaurant bill, sparking debate on new tax policies and hidden costs in Lagos eateries. See the full breakdown and public reaction.
Lady cries out over N23k VAT on N181k restaurant bill
A Nigerian lady's viral TikTok video exposes a hefty N23,000 tax charge on a N181,000 restaurant bill, sparking debate on new tax policies and business practices in 2026.
Nigeria's Tax Reform: 10 Ways States Will Benefit
Nigeria's proposed tax reform bills aim to reshape fiscal federalism, granting states more autonomy and revenue. Discover the 10 key benefits set to transform governance and infrastructure.
Nigeria to Use US Intel for Domestic Military Strikes
Nigeria's Air Force will now lead operations using US reconnaissance intelligence, a shift following Christmas Day airstrikes. Learn about the new security partnership.
Nigerian Lady Alarms Over Huge VAT on ₦3m Goods
A Nigerian lady's viral TikTok video exposes alarming VAT charges at an Ikeja store, sparking a national conversation on Nigeria's new tax law implementation and consumer rights.
Woman Calls Out Vendors Over Illegal VAT Charges
A Nigerian woman raises alarm over vendors illegally charging 'VAT' on everyday purchases. She shares shocking examples and calls for government intervention. Read her full story.
Drivers Union Rejects 10% Tax on E-hailing Trips
The Amalgamated Union of App-based Transporters of Nigeria rejects a new 10% tax burden on inDrive trips, calling it discriminatory. Read their full demands.
Influencer charged N487,500 VAT on N6.5m purchase
Social media influencer Rita 'Raye' Ushie cries out after being charged a huge 7.5% VAT on a N6.5 million purchase for her tech startup. See public reactions and why NANS plans protests.
Barber Adds VAT to Haircuts Ahead of 2026 Tax Law
A Nigerian man's viral post reveals his barber adding a 7.5% VAT charge from January 1, 2026, sparking debate on the new tax law's reach. Read more about the public reaction.
New Tax Laws Will Reduce Airlines' Costs - Oyedele
Tax reform chief Taiwo Oyedele clarifies that Nigeria's new 2026 tax laws aim to lower airline operating costs, countering claims of massive fare hikes. Details inside.
FG: New Tax Laws to Support Airlines, Not Harm Them
The Presidential Tax Committee clarifies that new tax reforms will aid Nigerian airlines by removing burdensome charges and improving cash flow, countering Air Peace CEO's warning of soaring fares.
Muslim Man's Joy Over Christian's Christmas Food Gift
A Nigerian Muslim man shares a heartwarming story of interfaith kindness after a Christian sent him Christmas rice and chicken. See the viral reactions and his message of unity.
Radda: Don't blame only govs for economic hardship
Katsina Governor Dikko Radda urges Nigerians to scrutinise Federal Government's use of 52% revenue share. He argues states, LGAs bear public anger despite limited funds. Read his full interview.
FG, States, LGs Share N1.9trn as FAAC Allocation Drops
The Federation Account Allocation Committee (FAAC) distributed N1.928 trillion for November 2025, a significant drop from October. See the full breakdown for FG, states, and LGs.
FAAC Revenue Falls by N428bn, N1.93trn Shared
FAAC reports a sharp N427.969bn drop in November revenue, sharing N1.93 trillion among FG, states, and LGs. Key taxes see substantial declines. Read the full breakdown.
Lando Norris Wins F1 Championship After Epic Season
Lando Norris is the 2025 Formula One world champion! Read how he overcame teammate Oscar Piastri and Max Verstappen in a dramatic Abu Dhabi finale.
Govt Cuts Corporate Tax, Offers N3.4trn Relief to Businesses
The Federal Government has announced major fiscal reforms, cutting corporate income tax to 25% and offering N3.4 trillion in VAT relief to stimulate investment and support the private sector. Read more.
Aviation Experts Warn of Job Losses from 2026 Tax Reforms
Nigerian aviation experts warn new tax reforms from January 2026 could slash sector GDP by 20% and cut 30% of jobs. Learn the risks and calls for government intervention.
5 Greatest F1 Final Race Title Fights in History
As F1's 75th season ends with a three-way Abu Dhabi title fight, we revisit five of the most dramatic last-race showdowns in history, from 2021's controversy to 1976's epic Hunt vs Lauda battle. Read more.
Tesla Sets New Sales Record in Norway
Tesla's sales surge 34.6% in Norway, setting a new annual record, while facing a sharp decline across the EU. Read about the factors driving this Nordic success story.
Manufacturing Tops Nigeria's VAT Revenue in H1 2025
Nigeria's manufacturing sector contributed N584.63bn to VAT revenue in the first half of 2025, leading all sectors despite economic challenges. Read the full NBS report analysis.
Forensic Expert Warns Nigeria Against Security Delay
Dr Yusuf Aliu urges immediate action on Tinubu's U.S. security partnership to combat nationwide insecurity. Delay could worsen crisis affecting economy.
Monehin's 'Execution Is a Lie' Gains Corporate Traction
Nigerian executive Akin Monehin's book 'Execution Is a Lie' tops Amazon charts, offering ALIGN & C3 frameworks for solving organizational strategy collapse. Discover the new execution model.
Southern Governors Establish Zonal Security Fund
Southern Nigerian governors have agreed to create a regional security fund and enhance intelligence sharing to combat rising insecurity. The move aims to strengthen coordinated responses across state lines.
98% of Nigerian Workers Exempt from Income Tax by 2026
Tax reforms chairman Taiwo Oyedele reveals 98% of Nigerian workers will be exempt from personal income tax starting January 2026. Small businesses also get VAT relief. Learn how this affects you!
98% of Nigerian Workers Exempt from Income Tax
Nigeria's new tax reforms will exempt 98% of workers from personal income tax starting January 2026. Learn how SMEs and low-income earners benefit from VAT exemptions and other incentives.
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