In a landmark move to modernize Nigeria’s tax system, President Bola Ahmed Tinubu signed a suite of tax reform bills into law on June 26, signaling a new era of simpler, fairer, and more efficient taxation in the country. These reforms aim to eliminate outdated and overlapping tax regulations, enhance compliance, and ease the burden […]

The Senate Committee on the Review of the 1999 Constitution has affirmed that it has taken note of the key issues raised by Nigerians during its recent series of public hearings and is committed to addressing them in the ongoing amendment process. Speaking at the conclusion of the South-West Public Hearing in Ikeja, Lagos, Deputy

In a major development affecting both individuals and businesses, Nigerian banks are now required to report customer accounts with monthly transactions exceeding ₦5 million to the Federal Inland Revenue Service (FIRS). This directive, recently announced by the National Orientation Agency (NOA), forms part of the 2025 Tax Reform Act aimed at enhancing tax compliance and