Court Dismisses Suit to Stop Nigeria's New Tax Laws
A Federal High Court in Abuja has dismissed a legal challenge seeking to halt Nigeria's new tax regime, clearing the way for implementation from January 1, 2026. Read the full ruling details.
Category : Search result: fiscal reset
ActionAid Flags Fiscal Risks in Nigeria's 2026 Budget
ActionAid Nigeria warns the proposed N58.18 trillion 2026 budget threatens fiscal sustainability and neglects social sectors. Read the full analysis and urgent calls for reform.
Tinubu's 2026 Agenda: Deeper Reforms, Tax Harmonisation
President Bola Tinubu pledges to consolidate economic reforms and push for tax harmonisation in 2026 to ensure inclusive growth and shared prosperity for all Nigerians. Read his full New Year message.
Controversial Tax Reforms Begin Jan 1, 2026
President Tinubu's sweeping tax reforms begin today despite opposition from Atiku and Northern groups. FG insists changes are vital for economic growth. Read the full story.
Tinubu: No Going Back on Jan 2026 Tax Reforms
President Bola Tinubu insists Nigeria's new tax laws will commence January 1, 2026. He calls it a 'once-in-a-generation' fiscal reset, not a tax hike. Read the full details.
Tax Chief: No Auto-Debit from Accounts in New Law
Taiwo Oyedele assures Nigerians the new tax reforms will not lead to automatic bank debits. The system is based on self-declaration, targeting high-income individuals. Read details.
Avoid Tax Overpayments with Accurate Bank Transfer Narrations
As Nigeria's new tax regime begins in January 2026, experts advise using clear bank transfer descriptions like 'Gift' or 'Loan' to prevent overpayment and tax audits. Learn the simple, legal narrations.
10 States Plan N4.28tn Borrowing for 2026 Budgets
Ten Nigerian states plan to raise N4.287 trillion from loans and grants for their 2026 budgets, totaling N14.174tn. Experts warn of fiscal risks and weak revenue management.
Tinubu: Tax Reforms to Proceed as Planned from 2026
President Bola Tinubu confirms Nigeria's reformed tax laws will take effect on January 1, 2026, calling it a 'once-in-a-generation' fiscal reset. Read the full details.
N720bn Contractor Debt Scandal Indicts Nigerian Government
The Federal Government's N720 billion debt to local contractors is a moral failure, crippling businesses and halting projects. This editorial demands urgent action and transparency to fix Nigeria's broken contract system.
NAICOM: No Extension for Insurance Recapitalisation
NAICOM insists the July 30, 2026, recapitalisation deadline is fixed by law. NDIC says remitting 50% of earnings to govt hampers its Deposit Insurance Fund growth. Read the full details.
NDIC Reaffirms Fiscal Compliance, Seeks Stronger Capacity
NDIC reaffirms strict adherence to fiscal regulations while seeking exemption from a 50% cost-to-income policy to build a robust fund for protecting depositors. Learn about the strategic talks with MOFI.
ActionAid Raises Alarm Over 2026 Budget Sustainability
ActionAid Nigeria warns that the 2026 budget's financing and deficits threaten Nigeria's economy. The NGO calls for transparency and human development focus. Read more.
FIRS Replaced by NRS in Major Nigerian Tax Reform
Nigeria's FIRS is now the Nigeria Revenue Service (NRS) following landmark 2025 legislation. Discover how this shift promises transparency, efficiency, and a new era of public finance management for all citizens.
New Tax Laws to Take Effect Jan 1 as Scheduled
The Federal Government confirms Nigeria's new tax regime will begin on January 1, 2026. The reforms aim for a fairer, more efficient system to boost economic growth. Read the full details.
ActionAid Raises Alarm Over 2026 Budget Sustainability
ActionAid Nigeria warns the proposed N58.18 trillion 2026 budget threatens fiscal sustainability with a record deficit and weak social sector funding. Urgent reforms needed.
Group Slams FG Over NNPC's Multi-Trillion Naira Debt Waiver
CHRICED faults the Federal Government's waiver of $1.42bn and N5.57trn NNPC debt, calling it fiscally reckless and unconstitutional. Read the full details and demands for accountability.
Delta Govt Pledges Quality Projects, Welfare for Deltans
Delta State Government vows to prioritize citizen welfare and deliver high-quality, enduring infrastructure projects without borrowing, as stated by the Governor's spokesperson.
How Tinubu's 2026 Budget Aims to Fix Implementation Gaps
President Tinubu's N58.18 trillion 2026 budget promises to end the cycle of poor implementation and rollovers that plagued 2024 and 2025. Will stricter discipline and digital reforms deliver?
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.
Debt Servicing Cripples Africa's Development - Moghalu
Ex-CBN deputy governor Kingsley Moghalu reveals African nations spend more on debt than health & education combined. Nigeria allocates 70% of revenue to repayments. Discover the data blocking development.
State Assemblies Hastily Pass N34.63tr Budgets
Concerns grow as Nigerian state assemblies rapidly pass N34.63 trillion budgets with minimal scrutiny, eroding legislative checks and balances. Read the full analysis.
State Debt Rises by N94.79bn in Three Months
Nigeria's 36 states and FCT saw domestic debt rise to N3.96tn in Q2 2025. Experts warn of a structural crisis as debt servicing eats into funds for health and education. Read the full analysis.
Zulum Presents 2026 Borno Budget to State Assembly
Borno Governor Babagana Zulum presents the 2026 budget proposals to the State Assembly, setting fiscal priorities with a focus on education and healthcare. Stakeholders urged to attend.
Tax Reforms on Track for January 1 Implementation
The Federal Government confirms Nigeria's major tax reform laws will take effect as scheduled on January 1, 2026. The changes promise relief for 98% of workers and 97% of small businesses. Get the full details.
Why House Repealed 2024, 2025 Budget Acts - Agbese
The House of Representatives has clarified its repeal of the 2024 and 2025 Appropriation Acts, aiming to align Nigeria's budget with global standards and end multiple budgets by 2026. Read the full details.
Reps Explain Repeal of 2024, 2025 Budget Acts
The House of Representatives clarifies the repeal of the 2024 and 2025 Appropriation Acts, aiming for a single national budget by April 2026 to enhance transparency and fiscal discipline. Learn about the reforms.
LCCI: N15.52tr Debt Service a Huge Fiscal Burden
LCCI warns Nigeria's N15.52 trillion debt service allocation threatens economic stability. DG Chinyere Almona calls for stricter borrowing, revenue mobilisation. Read the full analysis.
January Tax Reforms Face Uncertainty Over Alteration Claims
Nigeria's planned January tax reforms face mounting opposition from lawmakers, labour, and civil society over allegations of unauthorised alterations. Calls grow for suspension pending investigation. Read more.
Senate Passes N58.47trn 2026 Budget, Revises 2024-25 Plans
Nigeria's National Assembly passes N58.47 trillion 2026 budget, approves revised N43.56trn and N48.31trn for 2024 and 2025, extending capital implementation to March 2026. Read the full details.
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