'Nigeria Needs More Taxpayers, Not Higher Taxes'   The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, on Thursday said Nigeria’s revenue challenge lies in expanding the tax net rather than increasing tax rates, stressing that the country needs more taxpayers, not higher...

Company Income Tax (CIT) payments by Nigeria’s manufacturing sector fell sharply by 68.25% year-on-year to ₦74.48bn in Q1 2026

FG Moves to Ease Tax Reform Implementation   The Federal Government has issued transition guidelines for the implementation of the Tax Acts 2025, clarifying how taxpayers, tax authorities and other stakeholders should manage obligations arising from the migration from the old tax regime to the...

FG Rules Out Fresh Taxes for Fuel, Telecom Sector   The Federal Government on Wednesday dismissed reports suggesting it had adopted or was considering the introduction of new taxes on telecommunications services and petroleum products following recommendations contained in the latest IMF Article IV Consultation Report...

NRS Launches Rev360 to Track Tax Defaulters, Simplify Compliance   The Nigeria Revenue Service (NRS) has launched Rev360, a digital tax administration platform designed to identify tax defaulters and simplify compliance for taxpayers. Executive Chairman Dr Zacch Adedeji described Rev360 as a transformational tool that will support...

Tax Reforms Must Protect Taxpayers, Ensure Fair Allocation – RMAFC   The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has stressed that Nigeria’s ongoing tax and revenue reforms must safeguard taxpayers while ensuring fair distribution of revenue across all tiers of government. Chairman Dr Mohammed Shehu made...