In a sweeping structural reform, Nigeria has effectively abolished its standalone 10% Capital Gains Tax (CGT) and integrated the gains into its new income tax regime, a move that has triggered widespread debate over its potential to stifle investment or modernize tax fairness. Under the newly signed Nigeria Tax Act, 2025, capital gains for individuals …
The hot sun beats down on Nigeria's farmlands, drying up the once fertile soil. Dust sweeps across fields that used to be full of life. Maize plants are broken, cassava tubers are rotting under the intense heat, and rice paddies are dried up, with no water left to help the crops grow. From Niger to …
Nigeria’s economy is diversifying, with non-oil revenue increasing by 57.5%, signalling the nation’s commitment to reducing oil dependency and boosting fiscal resilience. The Nigeria Investors Forum, held on the sidelines of the IMF-World Bank 2025 Annual Meetings in Washington, DC, served as an important occasion for Nigeria's leadership to share updates on the nation’s economic …
