TAX

June 22, (THEWILL) — When fiscal policy and social welfare intersect, the intention is almost always to protect the most vulnerable segments of the workforce. It was in this spirit of economic empathy that the federal government introduced sweeping...

June 21 (THEWILL) — Nigeria’s manufacturing sector is currently facing an unprecedented fiscal storm, caught in a high-stakes legislative tug-of-war that could soon redefine the cost of everyday consumer goods. On June 4, 2026, the Senate took a definitive...

June 19 (THEWILL) — Nigeria's tax revenue rose by 49 percent in the first five months of 2026, driven by sweeping tax reforms and stronger collections from key sectors of the economy. According to documents seen by Bloomberg, revenue collected...

June 17, (THEWILL) — The Federal Government has assured Nigerians that there are no plans to introduce new taxes on petroleum products or telecommunications services, dismissing widespread reports suggesting fresh tax measures are being considered as inaccurate and misleading. In...

June 15, (THEWILL) — Currently many are passing through one of the most difficult times dueThere is an old, reckless joke in the corporate business world that any financial problem can be solved if you simply find a creative...

June 14, (THEWILL) — With the modern financial landscape making global markets easily accessible from a smartphone, an increasing number of Nigerians are building diversified portfolios abroad. Today, it is common to find local investors earning stable, alternative revenue...

June 11, (THEWILL) — The Federal Government, on Wednesday, launched Rev360, a digital tax administration platform designed to improve tax compliance, simplify taxpayer interactions and strengthen revenue collection as part of ongoing reforms to modernise Nigeria’s tax system. The platform...

May 24, (THEWILL) — In Nigeria, there’s a common misconception that only salaried workers and registered companies are liable for tax payments. Many people believe that if they don’t fit into these categories, the tax laws simply don’t apply...

May 20, (THEWILL) — Nigeria’s tax revenue increased to ₦7.44 trillion in the first quarter of 2026, representing a 23.2 percent year-on-year growth, but collections still missed the government’s target by ₦2.24 trillion despite ongoing tax reforms. Documents presented by...

May 18, (THEWILL) — The Nigeria Revenue Service (NRS), in collaboration with the Joint Revenue Board (JRB), has announced the implementation of a unified Taxpayer Identification (Tax ID) system aimed at strengthening tax administration and improving service delivery across...