TAX

Nigeria LNG Limited has generated about ₦204.2 trillion ($149.6 billion) in revenue since inception and remitted approximately ₦14.74 trillion ($10.8 billion) in taxes since becoming tax compliant in 2009, while also paying $47.2 billion in dividends to shareholders. ...

Ex-NACCIMA boss Dele Oye warns that government agency proliferation is crippling business growth and stalling investment. Over 900 federal MDAs are actively competing to inspect, fine, and license local products under overlapping mandates. Revenue agencies extracted N658 billion...

July 20, (THEWILL) — A few months ago, an angry citizen looked me straight in the eye and accused me of "promoting tax laws written to exploit the average Nigerian citizen." The very next week, during a technical presentation...

July 19, (THEWILL) — Despite the tax reform framework in Nigeria and the associated laws, the initiative has not delivered the expected relief to the business environment, consequently compromising the operational landscape to the detriment of logistics and courier...

July 19, (THEWILL) — In the high-stakes world of mergers and acquisitions (M&A), where fortunes are made and lost, overlooking the intricate dance of tax implications can be a costly misstep. These transactions, which reshape the corporate landscape, are...

July 5 (THEWILL) — Many Nigerian small-business owners assume that once they register with the Corporate Affairs Commission, the taxman will be one and the same for every levy. That assumption can cost you time, money and sleepless nights....

June 29 (THEWILL) — Nigeria’s tax landscape is currently navigating one of the most significant structural overhauls in modern fiscal history. With the sweeping implementation of the new Nigeria Tax Acts, the ground rules for compliance, reporting, and asset...

June 28 (THEWILL) — The Federal Government has just handed businesses and taxpayers a long-awaited lifeline: Clear transition guidelines for the new Nigeria Tax Acts 2025, which come into force on 1 January 2026. For many business owners who...

June 26 (THEWILL) — The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has said Nigeria’s revenue challenge is not about raising tax rates but expanding the number of taxpayers through improved compliance and...

June 22 (THEWILL) — Company Income Tax (CIT) payments from Nigeria’s manufacturing sector plunged by 68.25 percent year-on-year in the first quarter of 2026, underscoring the mounting pressures facing producers amid a new tax framework, weak consumer demand and...