Nigeria’s Revenue Hits N15.8tn: Economists Cite Reforms
Economists have attributed Nigeria’s strong revenue performance in the first five months of 2026 to the impact of recent tax reforms, improved revenue administration and stronger earnings from the oil sector, following government collections of N15.8tn during the period. According to data from the Nigeria Revenue Service reported by Bloomberg, government revenue rose by 49 […]
FG Halts 1% Stamp Duty Deductions by MDAs
The Federal Government has directed all Ministries, Departments and Agencies to immediately discontinue the deduction of one per cent stamp duty from payments made to contractors, vendors, suppliers and service providers, citing the provisions of the Nigeria Tax Act 2025. The directive was contained in a Federal Treasury Circular dated June 15, 2026, and signed […]
Tax Reforms Must Support Economic Growth in Nigeria
The Manufacturers Association of Nigeria has called for a tax system that goes beyond revenue generation to a tax system that actively drives production and economic growth. The Chairman, MAN, South-East Zone, Mrs Adaora Chukwudozie, made the call on Thursday, during a stakeholders’ engagement in Enugu organised by the Enugu State Internal Revenue Service, Nigerian […]
OGIRS Trains Tax Officials on New Tax Reforms in Ogun State
The Ogun State Internal Revenue Service has trained its tax officials on newly introduced tax reforms to strengthen their capacity and improve revenue administration across the state. The two-day capacity building programme, held at Oba’s Complex, Oke-Mosan, Abeokuta, focused on equipping officers with the knowledge and practical insights required to effectively implement updated tax policies. […]
Tax Reforms to Modernise & Boost Nigeria’s Economy: G24
The Director of the Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development, Iyabo Masha, on Saturday said ongoing tax reforms would support Nigeria’s transition into a modern and more efficient economy, as she outlined the agenda for the G-24 2026 Technical Group Meeting scheduled to hold in Abuja from February 18 to 20. […]
Capital Gains Tax in Nigeria Hits Record High in 2025
Capital Gains Tax collections rose sharply to N522bn in 2025, representing an 869 per cent performance against target and underscoring the impact of asset divestments by upstream oil and gas firms, figures obtained by Sunday PUNCH have shown. The Executive Director, Government and Large Taxpayers at the Nigeria Revenue Service, Amina Ado, presented the figures […]
How Nigeria Oil Tax Reforms Can Unlock Value in the Sector
Stakeholders in Nigeria’s oil and gas industry have said recent fiscal reforms, particularly the Nigeria Tax Act 2025, hold significant potential to unlock value across the country’s energy value chain if effectively implemented. They made this known at the 2026 Oil and Gas Symposium organised by the Nigerian Institution of Petroleum Engineers in Abuja, where […]