The Federal Government has reduced the interest charged on late payment of taxes, replacing the previous five-percentage-point margin with a market-linked rate from 1 October 2026. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, issued the Nigeria Tax Administration (Interest on Late Payment of Tax) Order, 2026, pursuant to Section 65 of the Nigeria Tax Administration Act, 2025. Under the new order, interest on tax payable in naira will be charged...

…Rejects Global Regulation US President Donald Trump has announced that the United States will henceforth refer to artificial intelligence as “Super Intelligence”, arguing that the new term better reflects the technology’s capabilities. Trump made the announcement on Tuesday while addressing world leaders at the 81st United Nations General Assembly in New York. He also rejected efforts to establish a global framework for regulating artificial intelligence, saying the United States would not support what he described...

The Federal Government has commenced a six-week review of Nigeria’s new tax laws, with a technical committee mandated to identify implementation gaps, clarify ambiguities and address unintended consequences arising from the reforms. The review, which will feed into the proposed Finance Bill 2027, will examine issues including Value Added Tax (VAT) thresholds, withholding tax, capital gains treatment, multiple taxation, taxpayer rights and the ease of doing business. The Minister of Finance and Coordinating Minister of...

The National Assembly has transmitted the Constitution of the Federal Republic of Nigeria, 1999 (Sixth Alteration) Bill, 2026, which proposes establishing state police services, to the 36 State Houses of Assembly for consideration and approval. The Clerk to the National Assembly, Kamoru Ogunlana, disclosed this in a statement on Wednesday, 16 September 2026, saying the transmission was made pursuant to the directive of the National Assembly leadership and in accordance with Section 9 of the...