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Nigeria News - Business, Taxation & Offshore

Nigeria Should Develop Broad Tax Reforms: IMF

by Lorys Charalambous,, Cyprus

Wednesday, April 5, 2017

Nigeria should introduce a number of tax reforms in 2017 to reduce its reliance on oil revenues, the International Monetary Fund has said.Read Full Story


Nigeria Denies Plans To Increase Taxes

by Lorys Charalambous,, Cyprus

Friday, February 17, 2017

Nigeria's Minister of Budget and National Planning, Udoma Udo Udoma, has denied that the Nigerian Government intends to raise taxes and will instead focus on compliance. Read Full Story



Nigeria Rules Out Value-Added Tax Rate Hike

by Lorys Charalambous,, Cyprus

Friday, December 9, 2016

A Nigerian government spokesperson has confirmed that the nation is not planning to increase its value-added tax (VAT) rate or impose new taxes to increase tax revenue.Read Full Story


Nigerians To Need Tax Certificates To Get Passports

by Lorys Charalambous,, Cyprus

Monday, December 5, 2016

The Executive Chairman of Nigeria's Federal Inland Revenue Service, Babatunde Fowler, has disclosed that the Nigerian Government is to introduce a requirement for an individual to show a tax certificate before obtaining or renewing a passport.Read Full Story



Tax Inspectors Without Borders Boosting Revenues For Developing States

by Ulrika Lomas,, Brussels

Friday, November 25, 2016

More than USD260m in tax revenues has been generated through the Tax Inspectors Without Borders initiative since its launch in July last year, the OECD announced on November 22.Read Full Story


Nigeria Introduces 45-Day Tax Amnesty

by Lorys Charalambous,, Cyprus

Monday, October 10, 2016

Nigeria's Federal Inland Revenue Service has announced that a tax amnesty is now in operation for undeclared tax liabilities for the three years from 2013 to 2015. Read Full Story