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Tag: Tax

featured Policy and Regulations

Customs agents demand suspension of green tax policy over poor consultation

The Association of Nigerian Licensed Customs Agents has called on the Federal Government to suspend the implementation of the Green Tax Policy, scheduled to take off from July 1st, 2026, citing inadequate stakeholder engagement by the implementing agency, the Nigeria Customs Service. The association argued that key stakeholders, particularly licensed customs agents and importers, who […]

Policy and Regulations

FG denies plans for new fuel, telecom taxes

The Federal Government has said it is not considering the imposition of fuel and telecommunications taxes. It was reacting to reports suggesting that it has adopted or is considering new taxes on telecommunications services and petroleum products following the recommendation of the International Monetary Fund Article IV Consultation Report on Nigeria. Vanguard reported that the […]

Policy and Regulations

Pay taxes, ground rents to sustain development, Tinubu tells FCT residents

President Bola Tinubu on Wednesday, urged residents and businesses in the Federal Capital Territory to pay their taxes, ground rents and other statutory charges, saying government revenue remains critical to sustaining infrastructure development across the nation’s capital. Tinubu appealed to the inauguration of the completed Arterial Road N5 linking Life Camp Junction and Ring Road […]

Oil and Gas

Nigeria misses oil tax revenue target by ₦17.4tn

Nigeria’s petroleum profit and gas tax revenue recorded a shortfall of N17.4 trillion against its target for the first three quarters, underscoring the growing impact of lower crude oil production and declining international oil prices on government earnings. The figures are contained in data released by the Budget Office of the Federation. According to the […]

Business

Tax revenue hits N7.44tn in Q1 2026

Nigeria’s tax revenue climbed to N7.44 trillion in Q1 2026, but still fell short of its budget benchmark by N2.24 trillion despite ongoing reforms under the new tax regime. Data presented by the Nigeria Revenue Service at the Federation Account Allocation Committee meetings and obtained by Nairametrics showed that total collections between January and March […]

Finance

NRS extends office hours to ease June tax filing

The Nigeria Revenue Service has announced the extension of its operations to Saturdays as part of efforts to support taxpayers using its newly launched tax administration platform, Rev360. The development becomes important as the service prepares for the June peak period for tax filing. The disclosure was contained in a statement signed by the Executive […]

Business

OPay denies office sealing by NRS over tax claims

OPay Digital Services Limited has dismissed reports claiming that its offices in Lagos and Abuja were sealed by the Nigeria Revenue Service over alleged non-compliance with tax obligations. The company described the claims as false and misleading. Reports circulated on social media and online platforms alleged that the Nigeria Revenue Service sealed OPay’s Lagos and […]

News

Gov Mbah rejects high tax claims in Enugu

Governor of Enugu State, Dr. Peter Mbah, has rejected claims of high taxation in the state, describing them as a pathetic misconception promoted by the opposition and beneficiaries of the old order who manipulated revenue collection to fatten their private pockets. Mbah insisted that his administration had grown the state’s Internally Generated Revenue by widening […]

Policy and Regulations

ICYMI: FG bans cash tax collection, roadblocks nationwide

The Federal Government on Tuesday formally prohibited cash collection of taxes and banned the mounting of roadblocks for revenue enforcement. This forms part of fresh regulations to implement Nigeria’s new tax laws nationwide. The disclosure was made in Abuja by the Executive Secretary of the Joint Revenue Board, Mr Olusegun Adesokan, during the signing of […]

Business

Benin Republic offers zero taxes to attract Nigerian manufacturers

The Republic of Benin is pitching sweeping tax exemptions and fast-track company setup to Nigerian manufacturers seeking to cut costs and access regional markets. At the Benin-Nigeria Business Forum in Lagos on Wednesday, Eric Akouche, CEO of Benin’s Agency for the Promotion of Investments and Exports, said the country has deliberately stripped away most of […]

Finance

NRS accredits Pillarcraft to support digital tax compliance

Pillarcraft Cloud Solutions has been accredited as a System Integrator for Nigeria’s new e-invoicing regime, a development that highlights the Federal Government’s intensified push for digital tax compliance and places increased pressure on companies to align their accounting systems with the Nigeria Revenue Service reporting platform. The company confirmed the approval in a statement issued […]

Transportation

UK black cab drivers get relief as VAT loophole ends

Black cab drivers in London have received a significant boost following a government decision to close a tax loophole that allowed large app-based minicab companies to undercut traditional taxi operators. Under the new arrangement, private hire operators in London will no longer be permitted to use a specialist tour operator tax scheme that previously enabled […]

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