Experts Clarify N50 Stamp Duty on Transfers, Not Balances
Tax authorities clarify that the new N50 stamp duty applies only to electronic transfers, not bank balances. Learn about exemptions, VAT rules, and rent relief under Nigeria's 2025 Tax Act.
Category : Search result: VAT allocation
New VAT Formula Boosts States' Share to 55% in 2026
Nigeria's new VAT sharing formula, effective January 2026, shifts N461.27bn to states. Federal allocation drops to 10%. Discover the state-by-state impact and fiscal future.
2025 Tax Reforms: Nigeria's Path to Fiscal Stability
Nigeria's 2025 Tax Acts aim to rebuild the nation's fiscal architecture, protect low earners, and drive digital compliance. Discover the long-term strategy beyond the revenue debate.
Lady Laments N23k VAT on N181k Restaurant Bill
A Nigerian lady's viral TikTok video exposes a N23,000 tax charge on a N181,000 restaurant bill, sparking debate on new tax policies and hidden costs in Lagos eateries. See the full breakdown and public reaction.
Lady cries out over N23k VAT on N181k restaurant bill
A Nigerian lady's viral TikTok video exposes a hefty N23,000 tax charge on a N181,000 restaurant bill, sparking debate on new tax policies and business practices in 2026.
Nigeria's Tax Reform: 10 Ways States Will Benefit
Nigeria's proposed tax reform bills aim to reshape fiscal federalism, granting states more autonomy and revenue. Discover the 10 key benefits set to transform governance and infrastructure.
Nigerian Lady Alarms Over Huge VAT on ₦3m Goods
A Nigerian lady's viral TikTok video exposes alarming VAT charges at an Ikeja store, sparking a national conversation on Nigeria's new tax law implementation and consumer rights.
Enugu Governor Tasks MDAs on N870bn IGR Target
Governor Peter Mbah directs Enugu MDAs to meet a N870 billion IGR target for 2026, citing unpredictable federal allocations. The goal is part of the state's N1.62 trillion budget.
Woman Calls Out Vendors Over Illegal VAT Charges
A Nigerian woman raises alarm over vendors illegally charging 'VAT' on everyday purchases. She shares shocking examples and calls for government intervention. Read her full story.
Drivers Union Rejects 10% Tax on E-hailing Trips
The Amalgamated Union of App-based Transporters of Nigeria rejects a new 10% tax burden on inDrive trips, calling it discriminatory. Read their full demands.
Sokoto's 2026 Budget Focuses on Capital Projects, Security
Governor Ahmed Aliyu's proposed ₦758.7bn 2026 budget for Sokoto State prioritizes capital expenditure and security. We analyze its alignment with the SMART Agenda and potential impact on citizens.
Influencer charged N487,500 VAT on N6.5m purchase
Social media influencer Rita 'Raye' Ushie cries out after being charged a huge 7.5% VAT on a N6.5 million purchase for her tech startup. See public reactions and why NANS plans protests.
Barber Adds VAT to Haircuts Ahead of 2026 Tax Law
A Nigerian man's viral post reveals his barber adding a 7.5% VAT charge from January 1, 2026, sparking debate on the new tax law's reach. Read more about the public reaction.
10 States Plan N4.28tn Borrowing for 2026 Budgets
Ten Nigerian states plan to raise N4.287 trillion from loans and grants for their 2026 budgets, totaling N14.174tn. Experts warn of fiscal risks and weak revenue management.
Nigeria's Lingering Local Government Creation Crisis
Analysis of Nigeria's lingering crisis over arbitrary local government creation, from 240 native authorities in 1960 to 774 today. Explores historical data, military nepotism, and constitutional hurdles.
Borno's N890bn 2026 Budget: Education Gets Top N135bn
Governor Babagana Zulum presents a N890.33bn budget for Borno's 2026 fiscal year, with education receiving the highest sectoral allocation of N135bn for rebuilding and growth.
New Tax Laws Will Reduce Airlines' Costs - Oyedele
Tax reform chief Taiwo Oyedele clarifies that Nigeria's new 2026 tax laws aim to lower airline operating costs, countering claims of massive fare hikes. Details inside.
FG: New Tax Laws to Support Airlines, Not Harm Them
The Presidential Tax Committee clarifies that new tax reforms will aid Nigerian airlines by removing burdensome charges and improving cash flow, countering Air Peace CEO's warning of soaring fares.
State Debt Rises by N94.79bn in Three Months
Nigeria's 36 states and FCT saw domestic debt rise to N3.96tn in Q2 2025. Experts warn of a structural crisis as debt servicing eats into funds for health and education. Read the full analysis.
Radda: Don't blame only govs for economic hardship
Katsina Governor Dikko Radda urges Nigerians to scrutinise Federal Government's use of 52% revenue share. He argues states, LGAs bear public anger despite limited funds. Read his full interview.
Kaduna 2026 Budget: Education Leads with 25% of N985.9bn
Governor Uba Sani signs Kaduna's N985.9bn 2026 budget, prioritizing education with 25%. See the full sectoral breakdown and focus on grassroots projects.
Tinubu Vows Security Reset in 2025 Budget Speech
President Bola Tinubu announces a sweeping national security revamp, allocating N5.41 trillion to defence. He declares all armed non-state actors as terrorists amid rising violence.
Tinubu's ₦58.18tr 2026 Budget Targets Security, Economy
President Tinubu presents a massive ₦58.18 trillion 2026 budget, declares all armed non-state actors as terrorists, and outlines plans for economic consolidation. Read the full details.
Tinubu Tells Governors To Hand Over LG Allocations
President Bola Tinubu has ordered state governors to comply with the Supreme Court judgement and directly fund local governments. He also reaffirmed plans for state police. Read the full story.
IBEDC Blames Outages on Reduced Grid Supply
IBEDC apologises for prolonged power outages in Oyo, Ogun, Osun, and Kwara, citing reduced allocation from the national grid. The company is engaging with TCN for a solution. Read more.
IBEDC Blames Power Outages on Reduced Grid Supply
IBEDC attributes prolonged power outages in its franchise area to reduced allocation from the national grid. The company is engaging TCN for a solution while cracking down on energy theft.
FG, States, LGs Share N1.9trn as FAAC Allocation Drops
The Federation Account Allocation Committee (FAAC) distributed N1.928 trillion for November 2025, a significant drop from October. See the full breakdown for FG, states, and LGs.
FAAC Revenue Falls by N428bn, N1.93trn Shared
FAAC reports a sharp N427.969bn drop in November revenue, sharing N1.93 trillion among FG, states, and LGs. Key taxes see substantial declines. Read the full breakdown.
Supreme Court Dismisses Osun's LG Funds Suit
Nigeria's Supreme Court has dismissed Osun State's suit to compel the Federal Government to release withheld local government allocations. Read the full details and implications of the verdict.
Govt Cuts Corporate Tax, Offers N3.4trn Relief to Businesses
The Federal Government has announced major fiscal reforms, cutting corporate income tax to 25% and offering N3.4 trillion in VAT relief to stimulate investment and support the private sector. Read more.
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