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FG introduces progressive Capital Gains Tax to boost investor confidence

The Presidential Committee on Fiscal Policy and Tax Reforms has announced a new Capital Gains Tax (CGT) regime on shares, aimed at reducing business risks, bolstering investor confidence, and creating a fairer tax system. The committee’s chairman, Mr. Taiwo Oyedele, disclosed this during a virtual market engagement with the Nigerian Exchange Group (NGX) on capital […]

Tax Reform Is Non-Negotiable, Tinubu Declares in Media Chat

President Bola Tinubu has firmly stated that his administration will not reverse the controversial tax reforms recently introduced, despite significant public opposition. Speaking during his first presidential media chat, broadcast on Monday evening, Tinubu argued that the economy could not be revived using outdated approaches. “Tax reform is here to stay. We cannot continue to […]

Tax Reforms Bill Will Continue Through National Assembly, Tinubu Insists

President Bola Tinubu has responded to the National Economic Council’s (NEC) recommendation, made during its meeting on Thursday at the State House in Abuja, suggesting that the four tax reform bills sent to the National Assembly should be withdrawn for further consultation. According to a statement from his Adviser on Information and Strategy, Bayo Onanuga, […]

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