

NEWSBUSINESSES, BEWARE: THIS NEW TAX RULE HITS HARD
Nigeria’s new Tax Act taking effect on January 1, 2026 is rewriting the rulebook, and the penalties are tougher than ever. From multi-million-naira fines to jail terms for offences ranging from assaulting tax officers to failing to file returns, the era of lax compliance is officially over. Virtual asset providers, SMEs, large corporations, and individuals all face stricter scrutiny: late registration, poor record-keeping, ignoring notices, obstructing officers, misusing stam


















