As Nigeria prepares for the first year of implementation of its tax overhaul, questions are emerging over whether the new ...

In June, Nigeria took a bold step to transform its fiscal future. The passage of four interconnected pieces of legislation: the Nigeria Tax Act, the Tax Administration Act, the Nigeria Revenue Service ...

On the eve of his departure from office on May 28, former Nigerian President Muhammadu Buhari signed the Finance Act, 2023, into law. The act introduces a series of tax reforms aimed at modernizing ...

Former president of the Chartered Institute of Taxation of Nigeria (CITN), Gladys Simplice, has urged Nigerians to embrace the new tax regime, blaming opposition to the reforms on wealthy individuals ...

Eromosele Abiodun posits that Nigeria's new tax reform represents a decisive break from a history of fiscal fragility and policy inertia. By prioritising efficiency, equity and transparency, the refor ...

The Federal Inland Revenue Service (FIRS) has stated that Nigeria’s newly enacted tax laws are designed to strengthen economic competitiveness, attract investments and improve long-term fiscal ...

For more than six decades, Nigeria’s fortunes have risen and fallen on the tides of oil. But in June, that old order shifted. With a stroke of the pen, President Bola Ahmed Tinubu signed into law the ...

As Nigeria grapples with economic challenges, the government is set to introduce a tax on cryptocurrency transactions. This move appears to be an effort to tap into the burgeoning digital economy and ...

Oyedele explained that the exemption forms part of a broader overhaul of Nigeria’s tax framework, much of which he said is rooted in colonial-era legislation that no longer aligns with current ...

Nigeria is planning to revise its regulations to include crypto trading and digital transactions taxation in its regulatory framework, which would enhance government revenue. According to a Bloomberg ...