11 articles tagged with “tax reform”
Nigeria's Minister of Industry, Trade and Investment highlights the economic significance of Lagos International Trade Fair Complex traders, while the maritime sector prepares for key reforms and new tax measures raise data protection concerns.
President Bola Tinubu has nominated Taiwo Oyedele, chairman of the Presidential Tax Reform Committee, as Minister of State for Finance, while redeploying Doris Anite-Uzoka to the Budget Ministry in a cabinet reshuffle aimed at strengthening economic management.
Deputy Speaker Benjamin Kalu emphasized that African nations, particularly Nigeria, cannot achieve economic independence without strengthening domestic revenue collection, as President Tinubu separately urged governors to prioritize youth-focused economic policies.
The Nigerian government has launched capital gains tax reviews and infrastructure concession programmes to attract patient capital, while President Tinubu's executive order on oil earnings remittance aims to increase Federation Account revenue.
Federal Government introduces Presidential Executive Order mandating direct oil and gas revenue remittance to Federation Account while Finance Minister Edun engages foreign investors threatening to halt $3 billion in capital deployment over capital gains tax concerns.
New tax regulations clarify that Nigerians living abroad will not face taxation on foreign-earned income remitted home, while introducing double taxation safeguards for expatriate citizens.
The Lagos State Government's implementation of new tax regulations has positioned the construction and real estate sectors at a pivotal moment, with industry stakeholders assessing the implications for business operations and investment flows.
Nigeria's House of Representatives has launched a review of tax incentives and waivers amid annual revenue losses of N8 trillion, while the Nigeria Revenue Service sets Q2 2026 deadline for large firms to implement e-invoicing systems.
PenCom's upward revision of equity exposure limits for retirement savings funds could release nearly N1 trillion in immediate liquidity into the Nigerian Exchange, while parallel reforms in tax administration and regional banking policy signal broader structural shifts across West Africa's largest economy.
The African Union is advancing structural reforms to reduce donor dependence as member states confront restricted credit markets, exploring alternative financing mechanisms including new tax frameworks to address mounting fiscal pressures.
Electricity distribution companies have begun requesting corporate customer identification details under the new tax regime, while the Presidential Fiscal Policy Committee refutes claims of a 25% building materials tax.