Tax

Business

FG Removes 5% Tax on Telecom Services

FG removes 5% excise tax on telecommunications services, offering relief to 171 million Nigerians after recent 50% tariff hike.

12 September 2025

Politics

Peter Obi Slams Tinubu Over 5% Fuel Tax, Says Nigerians “Cannot Breathe”

Peter Obi has criticised President Bola Tinubu’s decision to impose a 5% tax on refined fuel sales, warning it will worsen hardship as Nigerians struggle with high transportation costs.

4 September 2025

Breaking News

President Tinubu Signs Four New Tax Laws, Pledges Fairer System for Nigerians

President Tinubu signs four new tax laws into effect, promising fairer taxes, targeted relief for low-income earners, and a more transparent system starting January 1, 2026.

27 June 2025

Breaking News

New Tax Reform Bills to Take Effect in January 2026

President Tinubu is set to sign four key Tax Reform Bills, launching a new tax regime in January 2026 aimed at doubling Nigeria’s tax-to-GDP ratio and boosting fiscal efficiency.

19 June 2025

Breaking News

Senate Passes Two Tinubu Tax Reform Bills, Rejects VAT Hike

Nigerian Senate passes two of Tinubu’s four tax reform bills but rejects a proposed VAT hike. The bills aim to improve tax collection and public finance management.

8 May 2025

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