TAX

Tax Reset 2026

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...

Nigeria Needs Broader Tax Base, Not Higher Tax Rates – Oyedele

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...

Manufacturers’ Tax Contributions Crash 68% as New Tax Regime, Cost Pressures Bite

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...

The N500 Anomaly: Why Nigeria’s Minimum Wage Tax Exemption Misses the Point

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...

The Hidden Stakes Behind Nigeria’s Sugar Tax Reform

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...

Nigeria’s Tax Revenue Surges 49 Percent To ₦15.8trn In Five Months On Reform Gains

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...

No New Fuel, Telecom Taxes — FG Assures Nigerians

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...

The Limits of Financial Engineering: Why Tax Authorities Can Always ‘Uncook’ Artificial Transactions

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...

How to Legally Pay 0% Tax on your Foreign Investment Income

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...

FG Unveils Rev360 Platform To Boost Tax Compliance

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...
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Kwankwaso Factor in 2031 Thrust Middle Belt Heavyweights onto Tinubu’s Re-election Train

Incumbent President Bola Tinubu is the choice of the Middle Belt leaders for the 2027 poll, THEWILL gathered at the weekend. That is the story behind the photo ops with President Bola Tinubu on Friday, November 6, 2027, when leaders of the Middle Belt and North Central visited the Presidential Villa.
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