The Federal Government’s major tax reform laws, enacted on June 26, 2025, have officially been published in the government’s Gazette, marking a significant milestone in the country’s fiscal policy framework.

‎The Federal Government has dismissed claims that a new 5 percent surcharge on fuel has been introduced, clarifying that the provision has existed since 2007 under the Federal Roads Maintenance Agency (FERMA) Act.

No ₦500 Fuel Surcharge in January 2026 — Taiwo Oyedele The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr. Taiwo Oyedele, has dismissed reports suggesting that Nigerians will begin paying a ₦500 surcharge on fuel purchases starting January 2026. Oyedele, in a statement...

The Federal Government has commenced the rollout of a national Electronic Fiscal System to modernise Nigeria’s tax administration, curb evasion, and enhance transparency in revenue collection.

The Federal Government may lose as much as 0.5 per cent of the country’s Gross Domestic Product in revenue following its decision not to raise the Value Added Tax rate, the International Monetary Fund has disclosed.

The Federal Inland Revenue Service (FIRS) and the Kingdom of the Netherlands commenced the renegotiation of the Double Taxation Agreement between Nigeria and the Netherlands.