Nigeria Revenue Service Chairman Zacch Adedeji says the government’s tax reforms are designed to increase economic prosperity rather than extract more money from households and businesses.
Adedeji said the NRS has a direct interest in businesses succeeding because...
The Nigeria Revenue Service has issued new guidelines outlining the tax treatment of cryptocurrency and other virtual asset transactions under the 2025 tax laws.
The framework sets out registration, reporting, valuation and record-keeping requirements for taxpayers, Virtual Asset...
Large taxpayers with annual turnover above ₦5bn have until July 31 to comply with the Nigerian Revenue Service's e-invoicing requirement or face statutory penalties.
The NRS says businesses that fail to transmit invoices electronically risk a ₦200,000 fine...
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.
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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...
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.
