- Thursday, June 11, 2026
BusinessDay
A Tax Identification Number (TIN), now formally referred to as a Tax ID under the Nigeria Tax Administration Act (NTAA)...
International Oil Companies (IOCs) can now claim tax deductions on their costly decommissioning and abandonment (D&A) expenses if they deposit...
For only the second time in history, S&P Global Ratings has upgraded Nigeria’s outlook to ‘positive’ from ‘stable,’ while affirming...
The naira closed the second week of November flat across the various foreign exchange markets, even as Nigeria’s external reserves...
S&P Global Ratings has revised its outlook on Nigeria to “positive” from “stable,” while also affirming Nigeria’s long-term and short-term...
President Bola Ahmed Tinubu, on June 26, signed into law four new tax bills. Among the key outcomes is a...
Nigeria’s ongoing tax reforms are not about introducing new levies or imposing additional burdens on citizens, despite widespread misconceptions. Rather,...
Nigeria’s pension and gratuity obligations continue to expose the fragility of state finances, with only eight out of 36 states...
Effective January 1, 2026, Nigeria’s new rent relief provision will allow tenants to reduce their annual tax bills by deducting...
The Nigerian government announced new progressive Personal Income Tax (PIT) rates under the Nigeria Tax Act 2025, which will be...
Nigeria’s economic activities have maintained steady growth for 11 consecutive months, as the composite Purchasing Managers Index (PMI) for October...
The Financial Reporting Council of Nigeria (FRC) has announced plans to integrate Islamic finance services into the country’s financial reporting...
For years, Nigeria’s power story was one of scarcity and strain. Generators filled the silence left by the national grid,...
Nigeria’s government is rolling out an ambitious strategy to coordinate fiscal and monetary policies in a bid to double the...
Nigeria’s personal income tax system has recently undergone significant reform. Previously, income earners benefited from a simple tax structure that...
