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Business

A Nigerian Online News, Breaking News, Nigerian News, Legal Analysis, Law and Governance, Commentaries, Business and Politics.

Tax Laws: Banks Shift Stamp Duty Burden to Senders

January 2, 2026 by iDeemlawful
nigerian banks 750x536

As Nigeria Tax Act 2025 takes effect., Banks have shift burden of N50 stamp duty on electronic transfers to the sender, setting limits.

Categories Business Tags Banks, Tax reform bill

Explainer: Nigeria’s 2025 Tax Reforms

January 1, 2026 by iDeemlawful
img 20260101 090359 278

An explainer on Nigeria’s 2025 tax reforms, clarifying fears over bank deductions, thresholds, exemptions and what changes take effect in 2026.

Categories Business, Featured Tags Tax reform bill

Banks Begin 10% Withholding Tax on FCY Interest

December 31, 2025 by iDeemlawful
withholding tax 1376x774

Banks begin withholding tax on FX deposits interest from January 1, 2026, as Nigeria implements provisions of the new tax law.

Categories Business Tags Banks, Tax reform bill

Nigeria Tax Laws Begin as FIRS Becomes NRS

December 31, 2025 by iDeemlawful
nrs

Nigeria tax laws begin as FIRS transitions to Nigeria Revenue Service, unveiling a new logo to signal reforms.

Categories Business, Featured Tags FIRS, Tax reform bill

New Tax Law Imposes N1 Million Daily Penalty

December 29, 2025 by iDeemlawful
tax reform min 700x385

Among other listed penalties, Nigeria’s 2025 tax law imposes non-compliant taxpayers N1m daily, enforcing digital compliance and fiscalisation from January 1, 2026.

Categories Business Tags Nigeria Government, Tax reform bill

Resident Doctors Threaten Fresh Strike

December 29, 2025 by iDeemlawful
nard logo 2

Resident doctors strike looms as NARD warns of nationwide healthcare shutdown over Federal Government’s failure to implement MoU agreements.

Categories Business, Featured Tags Nard, Nigeria Government

Three Days To Reform: Tax Sparks Labour, Business Divide

December 29, 2025 by iDeemlawful
tax reform min 700x385

Nigeria’s tax reform faces resistance from labour and SMEs, while manufacturers back implementation ahead of the January 2026 rollout.

Categories Business, Featured Tags Nigeria Government, NLC, Tax reform bill

Tinubu Cancels ₦7.58trn NNPC Debt

December 29, 2025 by iDeemlawful
President Ahmed Tinubu

With reasons, Tinubu administration approves cancellation of ₦7.58trn NNPC debt.

Categories Business Tags Bola Ahmed Tinubu, NNPC

Despite Rebrand, Nearly 3,000 Subscribers Dump Network

December 29, 2025 by iDeemlawful

Almost 3,000 subscribers left T2 between August and October 2025, showing the telecom rebrand has yet to slow customer exits.

Categories Business Tags NCC, T2

How to Get Tax ID Nigeria Using NIN (Step-by-step)

December 28, 2025 by iDeemlawful
nigerias tax id 1

Learn how to get your Tax ID Nigeria using your NIN via the FIRS portal. This simple online guide explains steps, requirements, and FAQs.

Categories Business Tags Nigeria Government, Tax reform bill
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