taxation

Finance Minister Enoch Godongwana withdrew a planned R20 billion tax increase after stronger-than-expected collections, while announcing a revised inflation target that economists praise as a turning point for policy credibility.

Finance Minister Enoch Godongwana delivered the 2026 national budget on February 25 amid civil society demonstrations and opposition calls to avoid VAT increases, with COSATU proposing a pension contribution holiday to ease fiscal pressure.

Foreign venture capital firms are sounding the alarm over Nigeria's recently enacted capital gains tax regime, warning the policy could throttle investment flows into Africa's largest startup ecosystem just as the sector seeks recovery from a funding downturn.

Nigeria's Federal Inland Revenue Service intensifies collection efforts as official development assistance falls sharply, prompting government to pivot toward domestic revenue mobilization amid fiscal pressures.

Dispatch riders in Nigeria's capital staged a mass protest Thursday against what they describe as excessive taxation, demanding government intervention to protect their livelihoods.

Lagos State has begun implementing a 5% withholding tax on gaming winnings in line with federal tax regulations, as Nigerian authorities intensify revenue mobilization efforts ahead of stricter compliance requirements for 2026 business filings.

A House of Representatives committee has revealed Nigeria loses approximately N8 trillion yearly through tax concessions, waivers, and exemptions, representing substantial revenue leakage that undermines fiscal capacity.

Governments worldwide are intensifying tax pressure on high-net-worth individuals while African financial markets undergo structural shifts, with Nigerian pension funds rotating toward equities and South Africa's central bank mandating greater lending rate transparency.