Weekly Money Round-Up
With the introduction of Nigeria’s 2026 tax reform, misconceptions around bank transfers and taxation have emerged.
With the introduction of Nigeria’s 2026 tax reform, misconceptions around bank transfers and taxation have emerged.
This year demanded adjustments, compromises, and resilience. For some, progress was visible; for others, simply staying afloat mattered most. This is a moment to look back clearly before moving forward.
From January 1, 2026, Nigeria's tax rules for businesses will look very different. This means it is important for businesses to understand what counts as business income, which taxes apply, and the reliefs and exemptions available. It also means that both small and large businesses will know exactly what they need to do to stay compliant.
The new tax reform, which takes effect from January 1, 2026, brings major changes to how Nigerians are taxed. Here is what you need to know.