The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
Nigerian firms face an aggressive reckoning as the federal government prepares to turn unpaid taxes into expensive floating debt. Starting on 1 October 2026, corporate defaulters must pay an immediate 10 per cent statutory fine alongside daily interest charges linked directly to central bank lending rates. Finance Minister Taiwo Oyedele signed the directive under the…
The Nigeria Revenue Service has given large companies until 31 July to adopt electronic invoicing fully. Failure to integrate with the new digital platform carries steep financial and operational penalties. Taxpayers with annual revenues above N5 billion must route all transaction invoices through the state system. The directive cements a sweeping tax modernisation effort launched…
The Nigeria Revenue Service has introduced a unified Taxpayer Identification system to replace the existing validation framework for all taxable entities. The new system creates a single database linking federal and sub-national revenue authorities. Backed by the Nigeria Tax Administration Act of 2025, the initiative makes the new identity mandatory for every taxable person nationwide….
The United States has reduced the fee for Americans seeking to formally renounce their citizenship by more than 80 percent, dropping the cost from $2,350 to $450 in a policy reversal that advocacy groups are describing as a victory for citizens living abroad who face steep tax compliance burdens. The fee reduction, which…
The Federal Government has issued new presumptive tax regulations designed to simplify compliance for millions of micro, small, and medium enterprises (MSMEs). Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced the framework on Wednesday, framing it as a “structured pathway” for informal businesses to enter the formal economy. The rules replace…