KPMG Flags Major Errors in Nigeria's New 2026 Tax Laws
KPMG Nigeria identifies four major errors and gaps in Nigeria's new 2026 tax laws, warning they could create confusion, disputes, and hinder compliance. Urgent clarifications are needed.
Category : Search result: vessel compliance
GTBank: Sender Pays N50 Stamp Duty on Transfers
GTBank has notified customers of a key change to the N50 stamp duty on electronic transfers under the new Nigeria Tax Act 2025. Find out what transactions are exempt.
NIMASA's 30-Day Grace for Vessel Compliance, Sanctions Loom
NIMASA launches 'Operation Zero Tolerance,' giving maritime operators 30 days to self-audit. Non-compliance risks vessel detention, fines, and licence withdrawal. Full details inside.
FG to Use Banks, Fintechs for Tax Debt Recovery in 2026
Nigeria tightens tax laws, empowering authorities to use banks and fintechs like Access, Zenith, and Opay to recover unpaid taxes. Learn about the new rules and your obligations.
New Tax Law Brings Heavy Penalties for Nigerians, Firms
Nigeria's new Tax Administration Act is now in effect, imposing severe fines up to N10 million and jail terms for tax evasion, non-registration, and obstructing officers. Learn the full details.
Who Must Pay Tax in Nigeria? New 2026 Law Explained
Nigeria's new tax framework effective January 2026 defines clear obligations. Discover the 7 key taxpayer categories and who is exempt. Stay compliant!
FG Clarifies: No Tax Monitoring via Bank Transaction Narrations
Federal Government dismisses claims of monitoring personal bank accounts for tax. Small businesses under ₦12m turnover are exempt. Experts advise clear transaction descriptions.
Avoid Tax Overpayments with Accurate Bank Transfer Narrations
As Nigeria's new tax regime begins in January 2026, experts advise using clear bank transfer descriptions like 'Gift' or 'Loan' to prevent overpayment and tax audits. Learn the simple, legal narrations.
Lagos Island High-Rise Buildings Pose Fire Risk - BCPG
The Building Collapse Prevention Guild raises alarm over systemic fire safety failures in Lagos Island skyscrapers after the Great Nigeria Insurance inferno. Urgent government action demanded.
New Tax Laws to Take Effect Jan 1 as Scheduled
The Federal Government confirms Nigeria's new tax regime will begin on January 1, 2026. The reforms aim for a fairer, more efficient system to boost economic growth. Read the full details.
Lagos, NIOB Partner on Physical Planning & Safety
Lagos State Government commits to a strategic alliance with the Nigerian Institute of Building to enforce planning laws, ensure professional standards, and prevent structural failures. Learn how this move aims to protect lives and property.
4 Oil Theft Suspects, Vessel Handed Over in Delta
Tantita Security Services arrests four oil thieves, intercepts vessel MT Thor in Delta. Handover to Inter-Agency Task Force marks a key step in curbing economic sabotage in Niger Delta. Read details.
ICPC: No Federal MDA Fully Compliant on Ethics
ICPC's 2025 scorecard reveals widespread ethics failures in Nigerian MDAs. No agency achieved full compliance, exposing major governance gaps. Read the full report.
EFCC Warns Banks: Delays Stall Investigations
EFCC Chairman Ola Olukoyede warns banks' compliance officers that slow information release is hampering anti-corruption probes. He insists on full cooperation to safeguard Nigeria's financial system. Read more.
Customs Reaffirms Commitment to Trade Facilitation
CGC Adewale Adeniyi tells Kano stakeholders that effective trade facilitation requires full compliance with laws. He highlights tech reforms like B'Odogwu platform.
Rep Oke Tells States to Obey Supreme Court on LG Autonomy
Rep. Busayo Oke cautions state governments, including Osun, against undermining Supreme Court judgments on Local Government autonomy. Compliance is a constitutional duty, not an option. Read more.
US Firm Petitions IGP Over MT Thor Tanker Vandalism
NUJENIX Corporation petitions IGP Egbetokun over alleged unlawful seizure & vandalism of MT Thor tanker in Nigeria, citing military interference. Read the full details.
N37.59tr Maritime Trade Renews Call for Local Shipping
Nigeria's massive N37.59 trillion sea trade in Q3 2025 highlights a critical need for a strong indigenous shipping industry. Experts warn of billions in annual losses and urge action on the dormant Cabotage Fund to reclaim maritime wealth.
CAC: POS Operators Must Register by Jan 1, 2026
The Corporate Affairs Commission has set January 1, 2026 as the final deadline for all POS operators to register. Unregistered terminals will be seized, and enabling fintechs reported to CBN. Act now to comply.
Cross River Hires Pula for EUDR Compliance on Cocoa, Coffee, Palm
Cross River State partners with Pula Advisors to launch a landmark EUDR traceability system for cocoa, coffee, and oil palm, aiming to secure EU market access for 80,000 farms by 2026.
SEC Sets January 2026 Deadline for ISA Compliance
Nigeria's SEC mandates all capital market operators to declare ISA 2025 compliance and register tradable instruments by January 2026. Dr. Agama announces new era for market transparency.
SEC: Sustain Compliance After FATF Grey List Exit
Following Nigeria's removal from the FATF Grey List, the SEC has called on capital market operators to deepen their compliance culture to protect the nation's global financial reputation.
Nigeria's NINAS earns global accreditation status
Nigeria's National Accreditation System achieves global recognition under AFRAC, enhancing quality compliance and reducing trade barriers for Nigerian exporters.
Police foil vessel attack in Lagos, arrest 7 suspects
Port Authority Police in Lagos arrested seven suspects attempting to board a Liberian-flagged vessel using a bamboo pole with a steel hook. The marine unit intercepted them during a routine patrol near PTML terminal.
EU Delays Deforestation Rules to 2026 After Opposition
EU member states approve one-year delay to anti-deforestation regulations, pushing implementation to end of 2026 amid business concerns. Environmental groups condemn the move.
Russian spy ship lasers RAF pilots near UK waters
UK Defence Secretary warns Moscow after Russian spy ship Yantar targets RAF pilots with lasers near Scotland. Royal Navy monitors vessel amid broader security threats.
Senate Moves to Modernize Nigeria's Military Laws
The Nigerian Senate has passed a landmark bill to repeal the 1960s-era Armed Forces Act, aiming to align military governance with constitutional principles and modern security demands. Read more about this crucial reform.
PENCOM Certificate: Free Application Process Guide
Learn how Nigerian employers can obtain PENCOM Compliance Certificate free online. Complete requirements, step-by-step application process, and timeline explained.
PENCOM & NAICOM Enforce Pension-Insurance Compliance
Nigeria's pension and insurance regulators join forces in groundbreaking collaboration to ensure strict compliance, protect workers' benefits, and strengthen the financial security landscape.
PENCOM & NAICOM Order Pension Compliance Enforcement
Nigeria's pension and insurance regulators issue joint directive mandating insurance companies to verify RSA compliance before processing policies, marking significant regulatory alignment.
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