The minority caucus of the House of Representatives says it has found “illegal” changes in the published copies of the tax reform laws. In a statement on Friday, Afam Ogene, who heads a seven-member committee set up to investigate the issue, reportedly said a review of the laws showed that different versions are circulating. Ogene …
The Managing Director/Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, has urged the federal government to either reduce the capital gains tax (CGT) to 10 per cent or defer the implementation date. The renowned economist said this on Channels Television's Business Morning programme on Tuesday, November 11, while sharing his thoughts on what …
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has said that the new tax law will offer investors in the Nigerian capital market a N150 million annual exemption in capital gains tax (CGT). Oyedele reportedly clarified this during a high-level stakeholders dialogue with issuers, investors, intermediaries, and regulators, convened …
Esther Ososanya ActionAid Nigeria has urged the Federal Government to suspend its proposed 5% surcharge on fossil fuel transactions, warning that the policy could damage the country's fragile economic recovery and worsen inequality. The new levy, introduced in Section 158 of the recently gazetted Nigeria Tax Act, is scheduled to take effect in 2026. It …
