Let’s be honest, talk about “tax reform” usually sounds like a headache waiting to happen, full of complicated terms that don’t seem to apply to everyday life. However, the government has introduced new changes that are actually designed to directly impact you, and it’s important to understand them in simple terms. This is a straightforward
ABUJA, NIGERIA — June 26, 2025 President Bola Ahmed Tinubu is expected to sign into law four transformative tax reform bills today, Thursday, at the Presidential Villa in Abuja, marking a significant milestone in Nigeria’s ongoing drive to modernise its revenue system and improve the ease of doing business. According to a statement released by
Abuja, June 18, 2025 – The Federation Account Allocation Committee has disclosed the disbursement of a total sum of ₦1.659 trillion to the three tiers of government for the month of May 2025, reflecting a marginal decrease from the ₦1.681 trillion shared in April. Despite the slight decline in overall allocation, Value Added Tax (VAT)
Abuja, June 19, 2025 – Nigeria is set to usher in a new era of fiscal policy as a comprehensive tax regime, anchored on a series of Tax Reform Bills recently passed by the National Assembly, awaits final approval from the Presidency. If signed into law, the new framework will come into force in January
The National Assembly has officially transmitted a set of tax reform bills to President Bola Ahmed Tinubu for his assent, marking a significant step in the administration’s drive to overhaul Nigeria’s tax system. The proposed legislation seeks to amend several key tax laws, including the Companies Income Tax Act, the Value Added Tax Act, and
In a landmark move to boost trade ties and deepen economic cooperation, China has announced its readiness to eliminate tariffs on imports from all 53 African countries with which it maintains diplomatic relations. Nigeria is among the key beneficiaries of this decision. According to the Chinese government, the proposed tariff removal is part of a
The Nigerian Senate has officially adopted the Conference Committee Report on the harmonised Tax Reform Bills, marking a significant milestone in the country’s efforts to streamline and modernize its tax framework. The adoption follows extensive deliberations aimed at reconciling differences between the versions passed by the Senate and the House of Representatives. The harmonised bills
