All taxable Nigerians must obtain Tax ID from January 2026
The Federal Government has announced that starting January 1, 2026, all taxable Nigerians must obtain a Taxpayer Identification Number (Tax ID). This rule also applies to anyone involved in banking, insurance, stock trading, and other financial services. The directive comes under the newly signed Nigeria Tax Administration Act, 2025. President Bola Tinubu signed the law […]
Trump says he will not destroy Elon Musk’s companies
US President Donald Trump has said he will not destroy Elon Musk’s companies by removing government support. He insisted that he wants Musk’s businesses to grow and succeed. In a message shared on social media, Trump denied claims that he plans to remove large subsidies given to Musk’s companies by the U.S. government. He said, […]
Tax reforms: Nigerian Govt ready to make compromise over VAT controversy — Oyedele
In recent discussions about Nigeria’s tax reforms, Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, confirmed that the Nigerian government is open to adjusting its proposed Value Added Tax (VAT) structure. This announcement comes amid the ongoing debates surrounding four major tax reform bills currently in the National Assembly. The […]