The measure is contained in the Nigeria Tax Administration (Interest on Late Payment of Tax) Order, 2026, issued by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, under Section 65 of the Nigeria Tax Administration Act, 2025.
For years, many high-earning remote workers, tech professionals, international consultants, and big-time executives in Nigeria lived by one simple tax rule: the "183-day game."
Tax crimes and fraud accounted for more than half of the financial crime intelligence reports disseminated by the Nigerian Financial Intelligence Unit (NFIU) to law enforcement and regulatory authorities in 2025, while banks remained the dominant source of suspicious transaction reports.
Nigeria’s tax administration landscape is undergoing a fundamental transformation, shifting from passive revenue collection to proactive, intelligence-led enforcement. At the heart of this statutory evolution is Section 69 of the Nigeria Tax Administration Act, 2025 (NTAA), a provision that formally institutionalizes a reward framework for tax whistleblowers.
Tinubu’s offshore tax incentives could unlock $50bn in investments and push Nigeria’s oil output up by nearly 1mbpd.
Nine deep offshore projects are lined up for FIDs, with $10bn Bonga South expected to lead the new production wave...
PwC says unresolved issues around wallet transfers, asset valuation and withholding tax could complicate compliance.
VASPs face extensive reporting and tax-administration duties, with penalties reaching N10 million for the first month of default.
The firm says clearer guidance...
Virtual-asset tax defaulters face a N10 million penalty in the first month and N1 million for every subsequent month, according to PwC’s analysis of the NRS guidelines.
Failure to deduct tax at source attracts a 40 percent penalty,...
The Federal Government approved tax waivers for nearly 4,000 electric vehicles imported into Nigeria in the first half of 2026.
Nigeria is pushing electric mobility towards its 2050 target despite unreliable electricity and only about 48 public charging...
Nigeria’s tax collections rose 113 percent from ₦12.3 trillion in 2023 to ₦27.1 trillion by July 2026, with the Nigeria Revenue Service attributing the increase to tax-system digitisation, new tax laws and measures to close revenue leakages.
The...
An Akwa Ibom State High Court sitting in Uyo has dismissed a petition seeking the dissolution of a marriage that has lasted over 43 years, ruling that lack of love and mutual respect between spouses does not, on its own, constitute sufficient legal grounds for divorce.
