Nigeria’s virtual asset tax rules have introduced clearer requirements for cryptocurrency users, exchanges and businesses operating in the country. The Nigeria Revenue Service (NRS) issued the new guidelines on 31 July 2026, setting out…

The Nigeria Revenue Service has rolled out a major digital upgrade aimed at improving tax collection and simplifying compliance for millions of taxpayers. The Nigeria Revenue Service (NRS) has announced that more than 600,000…

Nigeria fell short of its tax revenue target by N2.24 trillion in the first quarter of 2026 as ongoing fiscal reforms and the transition from the Federal Inland Revenue Service (FIRS) to the Nigeria Revenue Service (NRS) continued to…

The Nigeria Revenue Service (NRS) and the Joint Revenue Board (JRB) have announced the rollout of a new Taxpayer Identification (Tax ID) system to replace the existing Taxpayer Identification Number (TIN) nationwide. The development,…

The Nigeria Revenue Service (NRS) has announced a revenue target of ₦40.71 trillion for the 2026 fiscal year, marking a significant 44 per cent increase from its 2025 target of ₦25.2 trillion. The ambitious projection was…

The Federal Government has opened fresh lines of engagement with global consulting firm, KPMG, in a bid to resolve growing concerns surrounding the implementation of Nigeria’s newly enacted tax laws. The meeting, held on…

Nigeria’s total public debt stock climbed to N149.3 trillion as of March 31, 2025, representing a 3.25 per cent increase from N144.6 trillion at the end of December 2024, according to new data published by the Debt Management Office (DMO).…

Exactly a month after the chambers of the National Assembly concluded the harmonisation, the four groundbreaking tax reform bills to help transform Nigeria’s fiscal and revenue framework will be assented to by President Bola Tinubu on…

The Nigerian Senate has passed all four of President Bola Tinubu’s proposed tax reform bills, marking a significant overhaul of the country's fiscal framework. These bills aim to modernise tax administration, enhance revenue collection, and…

The Executive Chairman of the Nigeria Revenue Service (NRS), Zacch Adedeji, the Chief Implementer of the new taxes, took some time to address various issues and allegations that have fueled Nigerians' opposition to the new laws. Excerpts...