The Federal Government has directed all commercial banks, microfinance institutions and fintech platforms to begin the ...

In a statement made available to newsmen on Thursday, NRS said VAT has always applied to banking services and is not newly introduced under the new tax law, the Nigeria Tax ActThe Nigeria Revenue ...

Starting January 2026, Nigeria will impose a 7.5% VAT on mobile transfers and a ₦50 stamp duty on transactions over ₦10,000, ...

A Strong Gateway into the EU for South American Companies For South American companies looking to penetrate or expand within the European Union (EU), establishing a subsidiary or sister company in ...

For Nigerians, it’s hard to ignore the rumours about an additional 7.5% Value Added Tax (VAT) on banking transactions. It all ...

Even though petroleum products account for only 10% of total energy use, they carry disproportionate economic weight because they power the sectors that move, feed, and supply the nation. Diesel is ...

David Beckham’s former personal assistant Rebecca Loos, who once claimed she had an affair with the soccer star, is siding with Brooklyn Beckham after he spoke out against his family. On Monday, ...

Learn about sales charges, the types that exist, and their impacts on investments. Discover why they attract criticism and how to avoid them for better returns.

This explains when ITC becomes ineligible under Section 17(5)(h) due to expiry or destruction of goods. The key takeaway is that ITC reversal is mandatory and ...

Nigerians will begin paying 7.5% Value Added Tax (VAT) on selected banking service charges from January 19, 2026, following a directive from the Nigerian Revenue Service (NRS). This development ...