10 results
- 13 Nov 2025
FG’s Suspension of 15% Fuel Import Duty: A Holistic Step Toward Economic Relief and Market Stability
By Blaise Udunze In a welcome display of policy sensitivity and economic rationality, the Federal Government has suspended the planned 15 percent ad-valorem import duty on petrol and diesel. This…
- 19 Apr 2023
FG to Hike Tax on Tobacco Products by 50 Percent
Federal Government has said it will increase excise tax on tobacco products from 30 per cent ad-valorem to 50 per cent as part of measures to control tobacco smoking in the country. Dr Mangai Malau,…
- 2 Jul 2020
FIRS Says Rent Agreement, C of O, Others Must Carry Stamp Duty
Federal Inland Revenue Service (FIRS) has said that henceforth, stamp duty will be paid on house rent and Certificate of Occupancy (C of O) in line with its new adhesive duty. Mr Abdullahi Ahmad,…
- 29 Jun 2022
FG Increases Tax on Cigarette to 30 Per Cent
Federal Government has increased the tax on cigarettes by 30 per cent as part of its control measures against public health, according to Olorunnimbe Mamora, minister of State for Health. Mamora,…
- 4 Mar 2026
GSMA, African Operators, Others to Launch Low-cost 4G Devices
A co-ordinated effort between the GSM Association (GSMA), six African operators and original equipment manufacturers (OEMs) will pilot $40 (R654) entry-level 4G smartphones in six African nations…
- 8 May 2026
Fidelity Bank Provides Critical Funding Support to Abuja Special Needs Orphanage
Fidelity Bank Plc, leading financial institution, through the Fidelity Helping Hands Programme (FHHP), has funded critical support for the JKS Special Needs Academy in Abuja to ensure continued…
- 4 Dec 2020
New 0.08 Per cent Stamp Duty on Securities Takes Effect Monday
The Nigerian Stock Exchange (NSE) has announced the revision of stamp duty on securities transactions to 0.08 per cent from 0.075 per cent, effective December 7, 2020. It said the change was…
- 15 Oct 2025
World Bank Asks Nigeria to Raise Public Health Taxes to Boost Revenue
The World Bank has suggested that Nigeria could significantly boost its public revenue and human capital investments by raising public health taxes. The recommendation was made in its latest Nigeria…
- 2 Nov 2025
Tinubu’s 15% Fuel Duty: Taxing Pain in a Broken Economy
By Blaise Udunze When a nation is bleeding economically, with inflation at historic highs and citizens gasping for survival, one expects government policy to offer relief, not suffocation. Yet,…
- 29 May 2020
FIRS Slams N50 Stamp Duty on ATM Printouts, Some WhatsApp Messages
Nigerians will now pay stamp duties on WhatsApp messages, SMS, and messages via any electronic platform acknowledging receipt of funds, according to Federal Inland Revenue Service (FIRS). Muhammad…