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With the Nigerian Tax Reform Acts now in full effect for 2026, Nigerians are now operating under a tax framework designed to reduce burdens, encourage compliance, and support economic growth.

If you read our publication of 1st July 2025, we mentioned that the tax reform bills had become law following receipt of presidential assent on 26th June, 2025.

There was no major segregation between small, medium, and large companies for tax purposes in Nigeria, prior to the introduction of the Finance Act (FA), 2019.

Nigeria is an independent republic on the west coast of Africa, on the Gulf of Guinea. It is bordered by Benin to the west, Niger to the north, Cameroon to the east, and the Atlantic Ocean to the south.

The Nigerian entertainment and creative industry has experienced massive growth over the last decade.

The digital economy broadly encompasses economic activities that rely on Internet-protocol (IP) enabled networks and information technologies for creation...

On December 31, 2020, the President of Nigeria signed the Finance Act 2020 (the "Act") into law. The Act amended fourteen federal tax and finance legislations and came into effect on January 1, 2021.

The decision of the Federal High Court ("the Court") in Shell Petroleum Development Company of Nigeria Limited v. Federal Inland Revenue Service (FIRS)1 has brought renewed attention to fundamental principles of Nigerian tax law, particularly regarding the proration of tax rates within an accounting year and the retrospective application of tax legislation.

For most companies and business owners, the tax regime in Nigeria appears complex due to the maze of laws and regulations. Companies run the risk of penalties where they fail to comply.

Taxation is one of the major sources of revenue for any government.

For so long, multinational corporations (MNCs) have been criticized globally for employing several tax avoidance tactics that exploit the gaps and mismatches in tax rules.

Tax remains a major (traditional) source of government revenue.

Nigeria’s tax landscape has undergone a fundamental shift with the enactment of the Nigeria Tax Act, 2025 (“NTA”), which took effect on 1st January, 2026. For the first time, the country’s core federal tax laws have been consolidated into a single and unified framework. For dealmakers, this is more than a legislative clean-up; it also changes how transactions are structured, priced, and executed.

Nigeria's ongoing tax reform efforts reflect a broader ambition to modernize its fiscal framework, enhance revenue generation, and establish a more structured as well as a transparent tax environment.

In December 2019, just as the country was seeking to take a break from the many unpleasant news headlines and enjoy the upcoming Christmas season, a shocking topic caught the nation's attention...

In exercise of the powers conferred on him, the Honorable Minister of Finance and Coordinating Minister of the Economy, Mr. Adebayo Olawale Edun, OFR, made the Deduction of Tax at Source (Withholding) Regulations.

The enactment of the four tax reforms bills in 2025, which became effective on 1st January 2026, heralded a new dispensation in Nigerian tax administration.

Over the past decade, the Nigerian mining sector (the Sector) contributed less than 1% to the Nation's Gross Domestic Product (GDP), year-on-year.