The African Democratic Congress (ADC) today unveiled key priorities in its emerging manifesto, with security reform, tax restructuring and social welfare ranking high in its interim policy framework. At the presentation of the report in Abuja, the party said weaknesses in the justice system, particularly delays in prosecution, have undermined ...
•Condoms and contraceptives China has imposed a 13 per cent value-added tax on condoms, contraceptive drugs and devices as part of renewed efforts to reverse the country’s declining birth rate. The policy, which took effect from yesterday, Thursday, January 1, 2026, brings to an end more than three decades of tax exemptions on contraceptive pr...
•China’s flag China will impose a 13% value-added tax (VAT) on condoms and other contraceptives from January 1, ending an exemption in place since the nationwide VAT system was introduced in 1993. The change, included in a VAT law passed in 2024 to modernise the tax regime, comes as Beijing intensifies efforts to raise its […]
•Lt. Gen. Abdulrahman Dambazau (rtd) A former Minister of Interior, Lt Gen Abdulrahman Bello Dambazau (rtd), yesterday, decried the high level of insecurity in Northern Nigeria, saying it has reached a level where bandits and insurgents have taken over some communities, tax and make laws for them. The retired Chief of Army Staff at the [&helli...
The Managing Director of Babcock Investment Group, Professor Johnson Egwakhe, has warned that Nigeria risks scaring away investors and discouraging entrepreneurs if taxation continues to be applied as a punitive measure rather than a tool for development. Egwakhe gave the warning while delivering a lecture at the investiture ceremony of Prince...
Evasion of tax payment 99 per cent of high-net-worth individuals is responsible for Nigeria’s low tax-to-GDP ratio of just six per cent, a Report by a consortium of think tanks and professional bodies has asserted. The report, published and released by Tax Justice Network Africa (TJNA), Oxfam Nigeria, Civil Society Legislative Advocacy Centre ...
•Governor Soludo The Anambra State Executive Council (ANSEC), led by Governor Chukwuma Soludo, has approved tax exemptions for indigent residents whose business capital is less than ₦100,000. During its 35th meeting, the council paid tribute to the late Senator Ifeanyi Ubah of the APC, who was recently buried in his hometown, Umuanukam, Otolo ...
•Multiple Taxation Nigeria’s wealthiest citizens will be subject to a Personal Income Tax (PIT) rate of 25% starting next year. Mr. Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, announced this during the ongoing #NES30 conference in Abuja. Speaking as a panelist in the session titled “Fiscal and Moneta...
•Tinubu The Federal Executive Council is proposing an amendment to the National Identity Management Commission Act No. 23, 2007 to allow for foreigners living in the country to be issued the National Identification Number. The FEC, yesterday, also proposed the Economy Stabilisation Bill to pave the way for the taxing of foreigners living and w...
•Kaduna Electric head office The Kaduna State Internal Revenue Service (KADIRS) has sealed the head office of the Kaduna Electricity Distribution Company over alleged N600 million tax liabilities accrued between 2015 and 2022. The chairman of the agency, Mr. Jerry Adams who led the task force, said the agency had exhausted all avenues to reach...
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