Explainer: Presumptive Tax - How Nigeria plans to tax its informal economy
Most small businesses in Nigeria make money without keeping records and pay multiple informal levies, rarely filing taxes. The government...
- Wednesday, July 15, 2026
BusinessDay
Most small businesses in Nigeria make money without keeping records and pay multiple informal levies, rarely filing taxes. The government...
After a historic 2025 that ushered the Nigerian Exchange (NGX) into N100 trillion market capitalisation league, 2026 has opened with...
As Nigeria’s bank recapitalisation deadline approaches, meeting the Central Bank’s minimum capital requirement is increasingly being seen as only the...
Businesses continue to lose money and face unexpected tax liabilities because they confuse VAT-exempt goods with zero-rated ones. The mistake...
A larger percentage of the Nigerian workforce is currently operating without a single financial record. To reach them, authorities are...
With Nigeria trying to boost non-oil revenue, Value Added Tax (VAT) compliance is becoming harder for businesses to ignore. Businesses...
Since the implementation of the new tax law, experts are still seeking clarity, as they warn that the absence of...
Nigeria’s new tax law is already translating into higher take-home pay for several formal sector workers, with January salaries reflecting...
The Lagos State Internal Revenue Service (LIRS) has enforced specific provisions of the Nigeria Tax Administration Act (NTAA) 2025 that...
The deadline for filing annual PAYE returns is approaching, raising concerns for employers about ensuring full compliance under Nigeria’s updated...