Tax Matters

The four bills — the Nigeria tax bill, the Tax Administration bill, the Joint Revenue Board Establishment Bill, and the Nigeria Revenue Service Bill, scaled third reading during plenary on Tuesday.

E-invoicing to Boost tax-to-GDP Ratio, Curb Revenue Loss - FIRS The Federal Inland Revenue Service (FIRS) has stated that the implementation of the electronic-invoicing (e-invoicing) system will boost Nigeria’s tax-to-GDP ratio by improving tax compliance, enhancing transparency and curbing revenue losses. The e-invoicing, according to the...

The Federal Inland Revenue Service (FIRS), yesterday said it was determined to drive Nigeria’s tax-to-Gross Domestic Product (GDP) ratio.

FG Rakes in N402.3bn Tax From Dangote   The Dangote Industries Limited, (Dangote Group), and its subsidiaries paid over N402 billion in taxes in 2024, making it the highest taxpayer in the country. Dangote’s Chief Branding and Communication Officer, Anthony Chiejina, who disclosed this yesterday in his...

The Nigerian Economic Summit Group (NESG) has warned that the US President, Donald Trump’s tax reforms may lead to a reduction in foreign direct investment (FDI) to Nigeria.

Findings show that state governments have set a tax revenue target of approximately N3.12tn for the 2025 fiscal year.