Tax

Business

Banks Raise SMS Alert Charges to N6 Following Telecom Tariff Hike

Nigerian banks raise SMS alert charges to N6 per message from May 1, 2025, following NCC-approved telecom tariff hikes.

2 May 2025

Business

China Hits Back with 84% Tariff on US Imports as Trade Tensions Soar

China retaliates with an 84% tariff on US imports after President Trump’s 104% tariff on Chinese goods, sparking global market concerns.

9 April 2025

Breaking News

Trump Imposes 14% Tariff on Nigerian Exports to the U.S.

U.S. President Donald Trump has announced a 14% tariff on Nigerian exports, citing trade imbalance. The new policy impacts over 50 countries and sparks global trade concerns.

3 April 2025

Business

FG Approves Two-Year Tax Break On Pharmaceutical Raw Materials

Nigeria exempts pharmaceutical raw materials from import duties and VAT for two years to boost local drug production and reduce healthcare costs.

27 March 2025

Business

CBN Interest Rate Hike Squeezes Nigerian Consumer Goods Companies

Nigerian consumer goods companies are struggling as CBN’s interest rate hike drive borrowing costs to record highs.

13 March 2025

Business

MTN Nigeria Records N400.4 Billion Loss in 2024 Despite 35.9% Revenue Growth

MTN Nigeria posted a N400.4 billion loss in 2024, driven by naira devaluation and forex losses, despite 35.9% revenue growth to N3.3 trillion.

28 February 2025

Breaking News

House of Representatives Softens Stance on Tax Reform Bills

House of Representatives has advanced the Tax Reform Bills to public hearing, softening earlier opposition and addressing key concerns about VAT

13 February 2025

Politics

NGF Endorses Tax Reform Bills as President Tinubu Lauds Support

Nigeria Governors’ Forum endorses President Tinubu’s tax reform bills, signaling a significant step toward economic rejuvenation and national development.

18 January 2025