Category : Taxation


RMAFC Probes Electronic Transfer Levy 2019-2022

Nigeria's RMAFC investigates Electronic Money Transfer Levy disbursements from 2019-2022 to ensure transparency and accountability in revenue collection for all government tiers.

Shoprite refutes Lagos store sealing claims

Shoprite Nigeria clarifies false reports about outlet sealing at The Palms Lekki. Company confirms ongoing tax reconciliation with Lagos IRS while maintaining operational normalcy. Read official statement.

Nigeria to Tax Cryptocurrency Under New Law

Nigeria's new tax reform mandates taxation on virtual currencies while exempting capital market gains. Chairman Taiwo Oyedele urges young investors to consider regulated markets.

Banks Notify Customers on 10% Withholding Tax

Nigerian banks are informing customers about FIRS enforcing 10% withholding tax on fixed-income securities interest. Learn how this affects your investments and which instruments remain exempt.

FIRS Names Xpress Payment as Official TSA Agent

Federal Inland Revenue Service appoints Xpress Payment Solutions as TSA collecting agent. Taxpayers can now remit Company Income Tax, VAT via TaxPro Max platform. Read more.

KASU Don Tasks NIESV Kaduna on New Tax Laws

Dr. Isuwa Dauda of KASU has urged Kaduna estate surveyors to embrace Federal Government's 2025 Tax Reform Act for client and government benefits during Ishaq Ayodeji Bello's investiture.

Ghana Scraps Covid Levy, Cuts VAT to Boost Economy

Ghana abolishes its Covid-19 Health Recovery Levy and reduces VAT to stimulate growth, returning GHS 5.7 billion to citizens. A tragic stampede at a military recruitment event in Accra leaves six dead.

New Capital Gains Tax Rules Protect Small Investors

Federal Government clarifies new progressive Capital Gains Tax rates from 0% to 30% starting January 2026. Small investors get exemptions while large corporations face higher rates. Learn how this affects your investments.

Oshiomhole: Don't Tax Nigerian-Made Beer, Goods

Senator Adams Oshiomhole argues for removing excise duty on locally produced goods like beer to boost Nigerian manufacturing. Read his compelling reasons and public reactions.

5 Bank Charges Ending in Nigeria from 2026

Nigerians will enjoy relief from 5 banking charges starting January 2026 under President Tinubu's tax reforms. Learn which fees are being eliminated and how it benefits you.

FCT-IRS Acting Chairman Prioritizes Staff Welfare

FCT-IRS Acting Chairman Michael Ango commits to staff welfare, salary reviews, and automation reforms during 'A Night with Ango' event in Abuja. Read about the Service's transformation.

Port Harcourt Customs earns N33.7bn, a 272% surge

Nigeria Customs Service's Port Harcourt Command reports a historic N33.7bn revenue for October 2025, a 272% increase, boosting non-oil revenue. Discover the strategies behind this success.

Port Harcourt Customs Collects ₦33.7bn, a 272% Surge

Nigeria Customs Service's Port Harcourt Area I Command reports a historic ₦33.7bn revenue for October 2025, a 272% increase. This boosts Nigeria's non-oil revenue drive. Read more on this fiscal milestone.

7 Nigerian Banks Pay N674bn Tax in 6 Months

Seven major Nigerian banks paid N674.68 billion in taxes during H1 2025, a 14.69% increase. Ecobank and GTCO emerged as top contributors. Discover the breakdown and what it means for Nigeria's economy.

Nigeria's Tax Revolution: Act 2025 Changes Everything

Discover how Nigeria's groundbreaking Tax Administration Act 2025 promises unified tax procedures, enhanced transparency, and simplified compliance for businesses and individuals across the nation.

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