Tax ID To Become Mandatory For Bank Accounts And Major Transactions From 2026
Starting January 1, 2026, Nigerians and non-residents will not be able to open or run bank accounts without a valid Tax Identification Number (Tax ID). The policy comes under the…
Soludo Cancels Taxes on Wheelbarrow Pushers, Hawkers, Others
Anambra State Governor, Charles Soludo has cancelled all taxes imposed on wheelbarrow pushers, vulcanizers, hawkers and some other blue-collar job holders in the state. The Governor made the announcement on…
FG Approves 5-Year Tax Break for Agro Investors
The Federal Government has approved new incentives for investors in the agricultural sector in Nigeria. The Minister of Agriculture and Rural Development, Dr Mohammad Mahmood Abubakar, stated this in Abuja,…
FG May Reintroduce Telecom Tax In 2023 – Report
The Federal Government has said that it is reconsidering imposing excise duty on telecoms services. This would compel operators to adjust the rates of calls and data upward. This is…
FG Removes 5% Tax on Calls, Data
The Federal Government on Tuesday announced the removal of the 5% Excise Duty imposed on telecommunication services. The Minister of Communications and Digital Economy, Isa Pantami, disclosed this on Tuesday…
FG to Increase Tax on Tobacco Products From 30% to 50%
The Federal Government says it will increase excise tax on tobacco products from 30 per cent ad-valorem to 50 per cent as part of measures to control tobacco smoking in…
FG Launches New Taxes On Alcoholic Beverages, Others
The Federal Government of Nigeria has launched a new set of taxes on various items, including beer, imported vehicles, and single-use plastics. Imported beer or stout including all alcoholic beverages…
Tinubu meets bankers over windfall tax
President Bola Ahmed Tinubu has held a closed-door meeting with leaders of Nigeria's commercial banking sector to discuss the newly imposed windfall tax. The meeting, led by Finance Minister…
States Sue FG Over Sharing of Stamp Duty Revenue
Abubakar Malami, the Attorney-General of the Federation (AGF) has been sued by Attorneys-general of the 36 states for non-remission of funds generated from stamp duties into state accounts. The state…
Govt Begins Taxing Corpses At Mortuaries, Netizens React
Nigerians have reacted, following the plan of the Enugu state government to impose tax on corpses at the mortuary. The state government, through the ESIRS made this tax generation program…