Introduction In a strong statement of intent to strengthen investor confidence in Nigeria’s financial ecosystem, the Institute of Chartered Accountants of Nigeria (ICAN) and NGX Regulation Limited (NGX RegCo) have reaffirmed the pivotal role of transparency and accountability in attracting both local and foreign investment. The message was clear: without open and responsible corporate reporting, […]

Introduction: The Oyo State Government has recently introduced a new tax law that will require traders and artisans to pay taxes. This new regulation aims to generate revenue for the state, while also ensuring that all sectors contribute to the development and growth of the region. The implementation of this law is expected to have

The Federal Inland Revenue Service (FIRS) has announced a projected revenue target of N25.2 trillion for 2025, reflecting a significant increase from the N21.6 trillion collected in 2024. This ambitious target highlights the Service’s ongoing efforts to strengthen government revenue through improved tax administration and strategic reforms. FIRS Executive Chairman, Dr. Zacch Adedeji, made this

President Bola Tinubu’s effort to drive economic reform through a proposed increase in the Value-Added Tax (VAT) has suffered a major blow following rejection by the House of Representatives. The development not only exposes long-standing geopolitical tensions but also poses a threat to Nigeria’s fiscal outlook in 2025. The rejected plan sought to raise VAT