Tag: Nigeria Revenue Service

Nigeria weak tax system forced heavy borrowing, says Tegbe as govt launches major tax reforms

Business Damilola Bayonle -
Nigeria’s prolonged reliance on borrowing to finance public spending has been largely driven by a fragile tax structure that...

Senate grills FG for five hours over debt, oil targets and N58.4tn 2026 budget assumptions

Business Damilola Bayonle -
Senate grills FG over debt, revenue gaps in N58.4tn budget proposal Nigeria’s upper legislative chamber on Thursday subjected key members...

NRS begins nationwide E-Invoicing rollout for businesses, sets 2026–2028 compliance timeline

Business Damilola Bayonle -
NRS begins e-invoicing rollout for businesses Nigeria’s tax administration is entering a new digital phase as the Nigeria Revenue Service...

Technology will decide success of Nigeria’s new tax laws, says NRS chairman Adedeji

Business Damilola Bayonle -
Technology key to implementing new tax laws – Adedeji The Executive Chairman of the Nigeria Revenue Service (NRS), Dr. Zacch...

Nigeria’s Tax Revenue Surges 30% to N28.3trn as FG Sets Ambitious N40.7trn Target

Business Damilola Bayonle -
Tax revenue jumps 30% to N28.3trn in 2025 Nigeria’s fiscal landscape recorded a significant boost in 2025 as tax revenue...

NRS targets ₦40.71tr in 2026 as Nigeria pushes for fiscal self-reliance

Business Damilola Bayonle -
Nigeria’s fiscal authorities have raised the stakes for domestic revenue mobilisation as the Nigeria Revenue Service (NRS) announced an...

FG explains how new tax law tackles double taxation, targets foreign income and digital firms

Business Damilola Bayonle -
Nigeria’s fiscal reform agenda has entered a decisive phase as the Federal Government unveiled detailed clarifications on the country’s...

Inside Nigeria’s New Tax Laws: Why NTPIC Is Racing to Win Public Trust Through Stakeholder Engagement

Business Damilola Bayonle -
Tax Policy Implementation Committee Begins Stakeholder Engagements on New Tax Laws Nigeria’s ongoing fiscal reform agenda has entered a critical...

Nationwide tension: NRS issues powerful earning over anti-tax unrest

Business Damilola Bayonle -
Anti-Tax Unrest and Nationwide Protests — NRS Warns Security Agencies The Nigeria Revenue Service has called on security agencies across...

New tax regime in Nigeria — facts, exemptions, filing rules and business impacts

Business Damilola Bayonle -
Nigeria’s fiscal structure is entering a decisive new phase as sweeping tax reforms take effect from January 1, 2026...

Urgent Alert: Tax reform delay could devastate Nigerian businesses and workers

Business Damilola Bayonle -
The Chairman of the Presidential Committee on Tax Policy and Fiscal Reforms, Taiwo Oyedele, has raised serious concerns over...

NEITI pushes five-year Nigeria tax act review to safeguard transparency, revenue accountability

Business Damilola Bayonle -
Nigeria’s ambitious tax reform agenda is already facing its first major test, as the Nigeria Extractive Industries Transparency Initiative...