The Corporate Affairs Commission (CAC) has unveiled a pilot Artificial Intelligence-driven registration portal designed to transform the current Company Registration process. Hussaini Ishaq Magaji, the Registrar-General and CEO of CAC, announced the launch during the 2025 Stakeholders’ Forum meeting. The commission described this innovative platform as a major breakthrough aimed at drastically reducing registration timelines […]

The Lagos State Government has introduced the Lagos Identity Project, a digital house-numbering system designed to improve property identification and service delivery throughout the state. Dr. Olajide Babajide, the Special Adviser to the Governor on Enterprise Geographic Information System, stated that this initiative will greatly enhance the accuracy of property identification and the efficiency of

The Federal Inland Revenue Service (FIRS) is giving Micro, Small, and Medium Enterprises (MSMEs) across Nigeria more reasons to stay compliant. Through a newly launched incentive scheme, FIRS is offering cars, cash prizes, and other valuable rewards to businesses that consistently file their tax returns and pay taxes on time. Promoting a Stronger Tax Culture

President Bola Tinubu is set to sign four pivotal tax reform bills into law on Thursday, a development poised to significantly reshape Nigeria’s tax and revenue framework. This was confirmed in a statement released on Wednesday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, titled “President Tinubu signs four tax bills into

In recent years, the landscape of business taxation has become increasingly complex and unpredictable. That volatility has only intensified in 2025, as Congress considers sweeping tax reforms, global trade dynamics continue to evolve, and federal government restructuring efforts unfold. In this uncertain climate, many business leaders may feel inclined to delay decision-making until clarity emerges.

The Managing Director of UpdateAfrika Communications, Dr. Joseph Effiong, has credited Lagos State’s unprecedented revenue milestone—surpassing N1 trillion—to ongoing tax reforms and the successful implementation of a digitized tax system. Dr. Effiong commended the Lagos State Internal Revenue Service (LIRS), led by Executive Chairman Mr. Ayo Subair, for its strategic approach and innovative use of

ax fraud is a serious offense that occurs when individuals or entities intentionally falsify information to reduce their tax liability or obtain undue refunds. It ranges from submitting fake documents and underreporting income to participating in elaborate schemes that exploit loopholes or abuse the tax system. What Is Tax Fraud? Unlike honest mistakes or calculation

The naira fell in the official market on Monday, closing at N1,549/$1, a decline from last week’s close of N1,547/$1. The naira began the week in decline setting a downward trajectory from the start of the week amid foreign currency demand pressures. According to data from the Nigerian Foreign Exchange Market (NFEM), the naira fluctuated

As African nations navigate economic challenges and pursue sustainable growth, 2025 has seen the rollout of major tax reforms aimed at boosting government revenue and modernizing fiscal systems. From VAT hikes to new digital and environmental levies, these measures reflect a continent-wide shift toward stronger compliance and expanded tax bases. Here’s an overview of the

The Osun State chapter of the Allied Peoples Movement (APM) has voiced concern over the state’s poor Value Added Tax (VAT) performance, despite receiving increased monthly allocations from the Federal Government. Speaking in an interview with the News Agency of Nigeria (NAN) on Monday in Osogbo, APM State Chairman, Mr. Adewale Adebayo, described the situation