11 h. ago Senate Passes 2 Remaining Tax Reform Bills, Recommends Tax Tribunal

The Senate on Thursday passed the remaining two of President Bola Tinubu’s four tax reform bills, in a move widely hailed as a significant step toward modernising Nigeria’s fiscal system. The Nigeria Tax Administration Bill and the Nigeria Tax Bill were passed after a detailed clause-by-clause consideration during plenary, with contentious provisions removed. Senate President […]

Economics

12 h. ago Senate approves final two tax reform bills proposed by President Tinubu

The Nigerian Senate has passed the final two tax reform bills put forward by President Bola Tinubu, completing the approval read more Senate approves final two tax reform bills proposed by President Tinubu

Politics

27 h. ago States to earn more as Senate okays new sharing formula for VAT, retains 7.5%

From Adesuwa Tsan, Abuja The Senate has ceded more revenue to states as it passed two of the four much-anticipated Tax Reform Bills which are expected to overhaul Nigeria’s tax laws. The four bills are the Joint Revenue Board (Establishment) Bill, 2025, the Nigeria Revenue Service (Establishment) Bill, 2025, the Nigeria Tax Administration Bill, and […] The post States to earn more as Senate okays new sharing formula for VAT, retains 7.5% appeared first on The Sun Nigeria.

Politics

34 h. ago Senate Approves Revenue Reform Bills, Rejects 7.5% To 10% VAT Hike Over Economic Concerns

The Nigerian Senate has approved two out of four tax reform bills introduced by President Bola Tinubu’s administration. The bills passed are the Nigeria Revenue Service (Establishment) Bill and the Joint Revenue Board (Establishment) Bill, both aimed at restructuring the country’s tax collection and management systems. This move followed a thorough review of the report […] The post Senate Approves Revenue Reform Bills, Rejects 7.5% To 10% VAT Hike Over Economic Concerns appeared first on Information Nigeria.

Economics

35 h. ago Senate passes two tax reform bills, removes contentious clauses, retains 7.5% VAT

The Senate has passed two of the four Tax Reform Bills transmitted by President Bola Tinubu in October 2024, aimed read more Senate passes two tax reform bills, removes contentious clauses, retains 7.5% VAT

Economics

36 h. ago Senate passes two tax reform bills, updates VAT sharing formula

From Adesuwa Tsan, Abuja The Senate on Wednesday passed two of four proposed Tax Reform Bills: the Nigeria Revenue Service (Establishment) Bill, 2025, repealing the Federal Inland Revenue Service Act, and the Nigeria Tax Administration Bill, aimed at improving revenue assessment, collection, and accountability. The bills, which followed a two-hour closed-door session and the adoption […] The post Senate passes two tax reform bills, updates VAT sharing formula appeared first on The Sun Nigeria.

Economics

42 h. ago What to know about real estate exemptions in FG’s Tax Reform

The federal government’s Tax Reform Bill, if passed into law, will give comfort to the real estate sector and players in the sector. read more What to know about real estate exemptions in FG’s Tax Reform

Politics

3 d. ago Tax Reform, Rivers Crisis Top Agenda As Senate Resumes Tuesday

The Nigerian Senate will resume plenary on Tuesday, May 6, 2025, with the consideration of the 2024 Tax Reform Bills expected to top its legislative agenda. The bills, aimed at overhauling the country’s tax system and boosting revenue generation are considered crucial for improving fiscal sustainability and delivering development projects across all levels of government. […]

Politics

6 d. ago Religious Leaders Must Champion National Unity, Says SGF Akume

The Secretary to the Government of the Federation (SGF), Senator George Akume, has made a passionate appeal to religious leaders to collaborate with the Federal Government in order to strengthen national security and unity, in-line with President Bola Tinubu’s Renewed Hope agenda. The SGF made the appeal while receiving a delegation of clergymen under the […]

Politics

6 d. ago Zero VAT On Food, Healthcare, Education In New Tax Bills – Taiwo Oyedele

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Dr. Taiwo Oyedele, has reiterated that the newly proposed tax reform bills are structured to deliver tangible economic relief to Nigerian workers. In a statement issued on Friday, Oyedele emphasised that the reforms aim to increase the disposable income of citizens and reduce […] The post Zero VAT On Food, Healthcare, Education In New Tax Bills – Taiwo Oyedele appeared first on Information Nigeria.

Economics

9 d. ago Naira abuse: Produce Okoya’s children – VeryDarkMan tells EFCC after E

By John Ogunsemore Activist, Martins Otse popularly known as VeryDarkMan has asked the Economic and Financial Crimes Commission (EFCC) to provide an update in the naira abuse case against the children of billionaire businessman, Chief Rasaq Okoya. VeryDarkMan made the call in a video shared on Facebook on Tuesday following reports of EFCC’s arrest of […] The post Naira abuse: Produce Okoya’s children – VeryDarkMan tells EFCC after E-Money’s arrest appeared first on The Sun Nigeria.

Politics

1 week ago Tax Reform Bill To Exempt Real Estate Sector, Construction Firms From VAT

The federal government has declared that the Tax Reform Bill, once enacted, will exempt real estate transactions from Value Added Tax (VAT), a move aimed at reducing the cost of building materials and housing. This reform is expected to ease the financial burden on low-income earners and stimulate growth in the construction and real estate […]

Economics

2 w. ago Nigeria to introduce new tax credit scheme to replace pioneer status incentive

As part of Nigeria’s ongoing tax reform efforts, the federal government is proposing a new investment-driven incentive framework aimed at read more Nigeria to introduce new tax credit scheme to replace pioneer status incentive

Politics

3 w. ago How tax reforms debates became blessing in disguise – Oyedele

Urges spokespersons to embrace knowledge, calm, and national interest at NIPR Summit From Juliana Taiwo-Obalonye, Abuja The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has disclosed how the debates that trailed the four sweeping tax reform bills introduced by President Bola Tinubu’s administration in October 2024, turned out to be […] The post How tax reforms debates became blessing in disguise – Oyedele appeared first on The Sun Nigeria.

Politics

4 w. ago Senate S’East caucus, Kalu, Uzodimma mourn former Diamond Bank chairman, Dozie

•Ex-Abia gov describes him as statesman From Adesuwa Tsan, Abuja The South East caucus in the Senate has expressed deep sorrow over the passing of the  former chairman of Diamond Bank and a prominent figure in Nigeria’s financial sector, Dr. Pascal Dozie. In a statement by the chairman of the caucus, yesterday, Sen Enyinnaya Abaribe, […] The post Senate S’East caucus, Kalu, Uzodimma mourn former Diamond Bank chairman, Dozie appeared first on The Sun Nigeria.

Politics

4 w. ago Senator Kalu mourns Pascal Dozie, describes him as a distinguished statesman

Former Governor of Abia State and Senator representing Abia North, Senator Orji Uzor Kalu, has paid tribute to late Pascal Dozie, describing him as a patriotic Nigerian and a distinguished statesman who contributed immensely to national development. The founder of the defunct Diamond Bank Plc and former chairman of MTN Nigeria, Pascal Gabriel Dozie, passed […] The post Senator Kalu mourns Pascal Dozie, describes him as a distinguished statesman appeared first on The Sun Nigeria.

Politics