No New Tax on Nigerian Savings - Analyst Clarifies
Financial analyst Omowunmi Samuel clarifies FIRS is not taxing savings, only interest income. Learn the facts about Nigeria's tax policy and avoid misinformation.
Category : Taxation
No New Tax on Nigerian Savings - Expert Explains
Financial analyst Omowunmi Samuel clarifies Nigeria is not introducing new taxes on savings. FIRS only enforcing existing law on investment interest. Get the facts now!
Ghana Scraps Covid Levy, Cuts VAT to Boost Economy
Ghana abolishes its Covid-19 Health Recovery Levy and reduces VAT to stimulate growth, returning GHS 5.7 billion to citizens. A tragic stampede at a military recruitment event in Accra leaves six dead.
FIRS Explains Tax on Investment Income, Not Savings
The FIRS clarifies that the withholding tax on investment income is not new. It targets earnings from bonds and Treasury bills, not personal savings. Get the facts on Nigeria's tax reform.
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New Capital Gains Tax Rules Protect Small Investors
Federal Government clarifies new progressive Capital Gains Tax rates from 0% to 30% starting January 2026. Small investors get exemptions while large corporations face higher rates. Learn how this affects your investments.
6 Tax Deductions Under Nigeria's New PIT Rules 2026
Discover 6 legitimate tax deductions under Nigeria's new Personal Income Tax rules effective January 2026. Learn how to reduce your taxable income legally and save money.
Oshiomhole: Don't Tax Nigerian-Made Beer, Goods
Senator Adams Oshiomhole argues for removing excise duty on locally produced goods like beer to boost Nigerian manufacturing. Read his compelling reasons and public reactions.
5 Bank Charges Ending in Nigeria from 2026
Nigerians will stop paying 5 key banking charges from January 2026 under new tax reforms. Learn which fees are being abolished and how it affects you.
5 Bank Charges Ending in Nigeria from 2026
Nigerians will enjoy relief from 5 banking charges starting January 2026 under President Tinubu's tax reforms. Learn which fees are being eliminated and how it benefits you.
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FCT-IRS Acting Chairman Prioritizes Staff Welfare
FCT-IRS Acting Chairman Michael Ango commits to staff welfare, salary reviews, and automation reforms during 'A Night with Ango' event in Abuja. Read about the Service's transformation.
Port Harcourt Customs earns N33.7bn, a 272% surge
Nigeria Customs Service's Port Harcourt Command reports a historic N33.7bn revenue for October 2025, a 272% increase, boosting non-oil revenue. Discover the strategies behind this success.
Kwara Tax Quiz Sets Record, State Fiscal Reforms Hailed
Shepherd School wins historic ₦2.5m prize in KW-IRS quiz. Governor AbdulRazaq's education investments and Kwara's top-3 fiscal ranking celebrated. Read more on this landmark achievement.
Port Harcourt Customs Collects ₦33.7bn, a 272% Surge
Nigeria Customs Service's Port Harcourt Area I Command reports a historic ₦33.7bn revenue for October 2025, a 272% increase. This boosts Nigeria's non-oil revenue drive. Read more on this fiscal milestone.
7 Nigerian Banks Pay N674bn Tax in 6 Months
Seven major Nigerian banks paid N674.68 billion in taxes during H1 2025, a 14.69% increase. Ecobank and GTCO emerged as top contributors. Discover the breakdown and what it means for Nigeria's economy.
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FIRS Launches Major Tax Reform Initiative Nov 10
FIRS launches Nigeria Tax Reform Acts on November 10, 2025, aiming to simplify taxes and boost economic growth. Learn how this affects you and businesses nationwide.
Nigeria's Tax Revolution: Act 2025 Changes Everything
Discover how Nigeria's groundbreaking Tax Administration Act 2025 promises unified tax procedures, enhanced transparency, and simplified compliance for businesses and individuals across the nation.
FG Appoints Nwabueze as Nigeria's Tax Ombudsman
Federal Government appoints Dr. Nwabueze as Tax Ombudsman to resolve taxpayer grievances and improve tax administration in Nigeria.
Tinubu appoints new FIRS chairman for tax reform
President Bola Tinubu appoints Dr. Oluwatoyin Madein as new FIRS chairman in major tax administration overhaul to boost revenue generation.
Apapa Customs Hits ₦304bn Revenue Record in October
Nigeria Customs Service, Apapa Command achieves historic revenue milestone, collecting over ₦304 billion in October 2023 - the highest monthly collection in its history.
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50 Tax Exemptions Nigerians Can Claim Under New Laws
Discover how Nigeria's new tax reform laws bring financial relief to millions with 50 key exemptions - from essential goods to small business benefits.
FG Unveils 50 Tax Reliefs for New Fiscal Reforms
The Nigerian government has introduced 50 major tax exemptions and relief measures to protect citizens and businesses from the immediate effects of new fiscal reforms. Discover how these changes will affect you.
FG Releases 50 Tax Exemptions Nigerians Get From 2026
Nigerian government announces comprehensive tax relief package including 50 exemptions that will benefit individuals and businesses from 2026. Discover key benefits for manufacturing, agriculture, and everyday Nigerians.
5% Fuel Surcharge Starts November 1 - FIRS
Nigerians brace for increased fuel costs as FIRS Chairman Taiwo Oyedele reveals new 5% import surcharge implementation timeline and tax reform plans.
Fuel Tax Delayed Until Naira Recovers, Oil Prices Fall
The Nigerian government delays controversial fuel tax implementation until economic conditions improve. Tax Chairman Taiwo Oyedele reveals the strategic pause awaiting naira appreciation and falling oil prices.
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FG: Lawyers Must Pay 7.5% VAT at NALT Conference
The Federal Government maintains its stance on VAT compliance for lawyers and law firms, emphasizing revenue generation during the Nigerian Association of Law Teachers gathering.
FIRS Grants First E-Invoicing Licence to Nigerian Firm
A pioneering Nigerian company has secured the Federal Inland Revenue Service's first-ever accreditation as an electronic invoicing provider, marking a major leap in the country's tax digitalization journey.
FIRS Deepens Stakeholder Collaboration on Tax Reforms
Federal Inland Revenue Service intensifies collaboration with key stakeholders to drive comprehensive tax reforms, enhance revenue generation and boost economic development across Nigeria.
Judiciary Key to Nigeria's Tax Clarity - FIRS
FIRS Chairman Zacch Adedeji emphasizes judicial insight as crucial for resolving tax disputes and attracting foreign investment to Nigeria's economy.
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