NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable
NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable

Lead Investigation

FG introduces 1% tax on informal businesses, outlaws cash collection

THE federal government has officially prohibited the collection of taxes in cash and the use of roadblocks to enforce tax payments in Nigeria’s informal sector. The move was formalised in the newly issued presumptive tax regulations and implementation guidelines, unveiled on Tuesday in Abuja. Executive Secretary of the Joint Revenue Board (JRB), Mr Olusegun Adesokan, […]

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Feb 23, 2026 post

How Nigeria’s 2026 tax reforms will affect Bitcoin investors and crypto firms

AFRICA’s approach to Bitcoin regulation is entering a more mature phase, and Nigeria is at the centre of that shift. After imposing a controversial restriction on crypto-related banking channels in 2021 and reversing course in 2023, the country has moved from uncertainty to structure. By 2025, Bitcoin had been formally classified as a security, and […]

Jan 09, 2026 post

KPMG identifies numerous errors in new tax laws, calls for urgent review

KPMG, a global professional services firm, has raised concerns over what it describes as numerous errors, inconsistencies, omissions and grey areas in Nigeria’s new tax laws, warning that these flaws could undermine the laws’ stated objectives unless urgently reviewed. In a newsletter released after examining the New Tax Act (NTA), 2025, the firm highlighted several […]