UPDATE: Senate Passes Remaining Tax Reform Bills The Senate has passed the remaining two of the four major tax reform bills, completing clause-by-clause review aimed at modernising Nigeria's tax administration. During Wednesday’s plenary, lawmakers began deliberation on the reports of the four executive-sponsored tax bills, successfully passing...

Senate Passes Two Tax Reform Bills, Pegs VAT at 7.5% The Senate has passed two out of four major tax reform bills proposed by President Bola Tinubu. However, the upper chamber rejected a proposal to increase the value-added tax (VAT) to 10 percent, opting to retain...

Senate Demands Data Cost Review, Others  The Senate on Wednesday called on the Federal Ministry of Communications, Innovation and Digital Economy to engage telecommunication operators to review the costs of data and other internet-related services for their subscribers. This resolution followed a motion on the ‘Urgent...

Tax Reform Bills: NITDA, TETFUND to Remain as Reps c’ttee Proposes Major Changes The House of Representatives Committee on Finance has proposed major changes in the tax reform bills sent to the National Assembly by President Bola Ahmed Tinubu. Daily Trust reports that the committee modified...

Just In: NASS Passes ₦54.99trn 2025 Budget The National Assembly passed the ₦54.99trn 2025 Appropriation Bill. The bill was passed on Thursday separately by the Senate and the House of Representatives. A breakdown of the budget showed N3.645trn for statutory transfers, N14.317trn for debt servicing, N13.64trn for...

Reps to Resume Debate on Tax Reform Bills Today The House of Representatives will today resume debate on the tax reform bills presented to the National Assembly by President Bola Ahmed Tinubu for consideration and approval. The House had on the 30th of November last year...