Nigeria’s Capital Gains Tax (CGT) collections hit a record ₦522 billion in 2025, far exceeding expectations and marking an 869% performance against target, according to figures presented by the Nigeria Revenue Service (NRS).
Analysis: From Crude to Complexity: Why Nigeria’s Export Story Must Change - NRS Boss
By Arabinrin Aderonke
For decades, Nigeria’s economic story has followed a familiar script: extract raw materials, export them largely unprocessed, earn foreign exchange, repeat. It is a model that once delivered revenues...
In the ongoing debate around the new tax laws, this pattern is increasingly evident, as a wave of false or exaggerated claims, half-truths, and outright misinformation.
Why Well-Meaning Nigerians Should Support Tax Reform
By Demola Bakare
Nigeria stands at a familiar crossroads. On one path lies the comfort of resistance—loud objections, recycled mistrust, and the temptation to dismiss reform as yet another burden on the people. On the other lies a more...
Bank Services VAT is Not New - FG
The Federal Government said on Thursday that value-added tax on banking services is not a new policy, after reports suggested the levy had recently been introduced on electronic money transfers and other transactions.
The clarification followed public complaints...
NRS Debunks Claims of New VAT on Banking Charges
The Nigeria Revenue Service (NRS) has dismissed reports suggesting that Value Added Tax (VAT) was newly introduced on banking services, fees, and electronic money transfers under the Nigeria Tax Act.
In a statement issued on its official...
