Nigeria’s House of Representatives has approved and adopted the recommendations of its Committee on Finance, which retains the value added tax (VAT) rate at 7.5%. The previous proposal was to increase to 12.5%, which was set for 2026. The House

Nigeria’s Federal Inland Revenue Service (FIRS) has initiated a stakeholder engagement on 18 February 2025 with large taxpayer groups to prepare for the upcoming pilot phase of the Merchant Buyer Solution, an e-invoicing system scheduled to launch

Nigeria's Federal Ministry of Information and National Orientation, in a release, from the Nigeria Customs Service on 11 February 2025, announced the suspension of the 4% charge on the Free On-Board (FOB) value of imported goods. The charge had

Nigeria’s Federal Government in a press release on X has approved a 15% tariff increase on Nigerian Ports Authority (NPA) services. This tariff increase applies to all rates and dues. The NPA explained the 15% upward increase is aimed at the

The Nigerian Communications Commission (NCC) has approved a 50% increase in telecommunication service tariffs on 20 January 2025. The tariff hike, capped at a maximum of 50% of current tariffs, is a response to the telecommunication operators,

The President of Nigeria, Bola Ahmed Tinubu, presented the 2025 Budget titled “The Restoration Budget: Securing peace, Rebuilding prosperity” during a joint session of the 10th National Assembly on 18 December 2024. The budget is a record high