The Nigerian government has phased out the previous personal income tax laws, introducing a new rent-based deduction capped at N500,000 for tenants.
Economy
Most viewed
Popular
-
Big win for naira: CBN reveals $8.6bn FX turnover as dollar inflows surge, reserves hit new high
-
Customer Service Week: How FIRS boss Adedeji transformed tax Sservice, Nigerians feel the change
-
Finally, relief for naira: Nigeria’s reserves hit 5-year high amid global uncertainty
-
Prices of rice, tomatoes, other food items soars as retailers struggle with unpredictable costs
-
CBN recapitalisation: Two national banks enter secret merger talks to beat the deadline
Economy Latest News
Lagos State Assembly summons Uber, Bolt, others to answer to drivers' allegations, details emerge
The drivers' union recently embarked on a strike to protest, and in the aftermath, they wrote a petition to the lawmakers regarding Uber, Bolt, and others.
Spain says 'overvoltage' caused huge April blackout
A major power outage that paralysed the Iberian Peninsula in April was caused by "overvoltage" on the grid that triggered "a chain reaction", according to a government report released Tuesday.
UK startup looks to cut shipping's carbon emissions
In a small London workshop, a prototype mimics the process of capturing carbon emissions from a cargo ship's engine. Once absorbed, the carbon was transformed into limestone through a chemical process.
UK automakers cheer US trade deal, as steel tariffs left in limbo
Britain's auto sector on Tuesday welcomed news that the United States and UK have agreed to implement key parts of their tariff-cutting trade deal, as levies on steel remain. Tariffs of 25 percent on the UK steel industry remain however, despite a bilateral agreement in May to completely remove the levy for British aluminium.
FIRS announces increase in turnover for corporate and personal income tax ceilings
The Nigerian government, through the Federal Inland Revenue Service (FIRS), has raised the thresholds for corporate and personal income income tax.
Expert predicts impact of Dangote's nationwide fuel distribution on Nigerians
An expert has explained how average Nigerians will gain from Dangote Refinery's plans to commence free fuel distribution to marketers nationwide.
US retail sales slip more than expected after rush to beat tariffs
US retail sales declined more than expected in May, government data showed Tuesday, dragged by a slowdown in auto sales as consumers pulled back after hurrying to get ahead of President Donald Trump's sweeping tariffs. Economists expect it will take a few months for the effects of new tariffs to show up in consumer costs -- and all eyes are on economic data during the summer.
Global oil demand to dip in 2030, first drop since Covid: IEA
Global oil demand will fall slightly in 2030, its first drop since the 2020 Covid pandemic, the International Energy Agency said Tuesday. Oil demand dropped dramatically in 2020, when countries locked down and shut their borders during the Covid pandemic, falling to 91.7 million bpd before steadily growing again in the following years.
Borno, Niger, 8 others are Nigeria's most expensive states to live, NBS report shows
Here are the top 10 most expensive states to live in as a Nigerian based on the NBS inflation rates for May 2025. Borno State tops the list with almost 40%.
Economy
Load more