Economic Stakes & Investor Psychology A Market-Shaping Moment NIGERIA’S new tax laws were designed to signal fiscal rebirth. But before markets could fully absorb the message, allegations of discrepancies in the official gazette introduced a new variable into investor psychology: reform reliability. Even as Nigeria posted improved macroeconomic indicators in 2025, analysts warn that markets […]
By TINA TOLUTOPE PRESIDENT Bola Ahmed Tinubu has firmly rejected calls to suspend or delay the implementation of Nigeria’s new tax laws, insisting that the reforms will take effect on 1 January 2026 as scheduled, despite mounting political, legal and business-sector resistance. In a statement personally signed on Tuesday, the President described the reforms as […]
By ANITA KNIGHT THE National Association of Nigerian Students (NANS) has criticised the Federal Inland Revenue Service (FIRS) for its insistence on implementing the Tax Reform Laws starting 1 January 2026, arguing that unresolved legal inconsistencies and transparency concerns make the policy premature. In a statement issued by National President Comrade Olushola Oladoja, NANS said […]
By NJORIGE LYNUS Political Parties Demand Tax Law Corrections IN a strongly worded Christmas Day communiqué, the Inter-Party Advisory Council (IPAC) urged the federal government to urgently address alleged discrepancies in the newly gazetted tax law before its rollout. The council warned that unresolved inconsistencies between the gazetted version and the version passed by the […]
By MELVIN KOFFA Nigerian Bar Association Warns of Economic Risks from Controversial Tax Laws NBA Flags Governance ConcernsIN a strongly worded statement, the Nigerian Bar Association (NBA) has called for the immediate suspension of Nigeria’s newly enacted Tax Reform Acts, citing concerns over the legitimacy of the legislative process. President Mazi Afam […]
Unified Identity for Tax Administration THE Federal Inland Revenue Service (FIRS) has announced that the National Identification Number (NIN) issued by the National Identity Management Commission now automatically serves as a Tax Identification Number for individual Nigerians. The clarification comes amid public concerns over provisions in Nigeria’s evolving tax laws requiring a Tax ID for […]