The Nigeria Revenue Service (NRS) has described as false and misleading a viral infographic claiming that a new vehicle tax has been imposed by the government effective July 1. The NRS made this known in a statement by Mr Dare Adekambi, Special Adviser to the NRS chairman, Dr Zach Adedeji, and spokesperson for the service….
Zenith Bank Plc has recorded a profit before tax (PBT) of N1.26 trillion for the year ended Dec. 31, 2025, compared with N1.33 trillion in 2024. The bank in its audited financial results, filed at the Nigerian Exchange Ltd. on Tuesday in Lagos, showed that profit after tax rose marginally to N1.04 trillion in 2025…
The Federal Capital Territory Internal Revenue Service (FCT-IRS), has set March 31 deadline for all taxable individuals resident in the FCT to file their annual income tax returns. This is contained in a statement issued by the Head, Corporate Communications, FCT-IRS, Mr Mustapha Sumaila, in Abuja on Monday. He said that the Service had advised…
Al-Habibiyah Islamic Society has called on the Federal Government to remove tax on charitable properties to enable the new tax law work effectively. Its National Chief Imam/Executive Director, Imam Fuad Adeyemi, made the call on Sunday at the 23rd Annual Ramadan National Unity Lecture in Abuja. The theme of the lecture was “Making the New…
The committee says the Act introduces measures aimed at reducing housing costs, encouraging real estate development, and supporting small businesses and low-income renters. The Presidential Fiscal Policy and Tax Reforms Committee has dismissed as false a viral video claiming that new tax laws will take effect in 2027 and impose a 25 per cent…
The House of Representatives has rejected claims that Nigeria’s newly passed tax laws were falsified, describing the allegations as misleading and damaging to public confidence in the legislature. Speaking on Sunday, the Deputy Spokesperson of the House, Mr Philip Agbese, dismissed assertions by Senator Ali Ndume that discrepancies existed between the tax bills passed by…
Senate President Godswill Akpabio has assured lawmakers and the public that Nigeria’s newly implemented tax laws have not been tampered with, dismissing reports of conflicting versions in circulation. Addressing senators during Wednesday’s plenary session, Akpabio said the allegations were based on documents that did not align with the officially approved legislative records. “There is no…
Nigeria’s African Democratic Congress (ADC) has expressed concern over a digital tax cooperation agreement between Nigeria and France, calling on authorities to ensure openness and accountability in its implementation. In a statement released on Sunday, the party’s National Publicity Secretary, Mallam Bolaji Abdullahi, questioned the transparency of the deal signed by the Federal Inland Revenue…
The Kaduna State Internal Revenue Service (KADIRS) says it is projecting about N85 billion in internally generated revenue (IGR) by the end of 2025, as it intensifies efforts to build a fair, transparent and technology-driven tax administration system. KADIRS Executive Chairman, Mr. Jerry Adams, disclosed this on Monday at the 2025 KADIRS Tax Dialogue held…
Governor Abba Kabir Yusuf of Kano State has called on northern states to strengthen cooperation in implementing tax reforms and digital transformation as part of efforts to boost revenue and achieve sustainable development. Speaking during the 2025 Northern Revenue Conference in Kano, Yusuf said fiscal efficiency was crucial for good governance and long-term economic growth….
