Breaking News
New Tax Law: Who Pays Less and Who Pays More in Nigeria From 2026
Nigeria’s new tax law took effect on January 1, 2026, and it has changed how much different groups of people and companies will pay.
The idea behind the reform is simple: people who earn less should pay less (or nothing), while people who earn more should contribute more.
Here is a clear breakdown of who falls into the lowest and highest tax brackets under the new system.
Who Will Pay the Lowest Taxes..TAP TO CONTINUE FULL READING.
Under the new law, low-income workers get the biggest relief.
Salary earners who make ₦800,000 or less in a year are expected to be fully exempt from personal income tax. This means they can keep their full earnings without PAYE deductions, provided they meet the legal conditions.
The reform also points out that many middle-income earners, especially those earning between ₦1 million and ₦10 million yearly, may end up paying some of the lowest effective tax rates, depending on their allowable deductions.
Tax experts advise that deductions and claims must be properly documented to avoid problems during tax checks or disputes.
Who Will Pay the Highest Taxes
The new structure is more “progressive”, meaning the tax rate increases as income increases.
Individuals earning ₦50 million and above per year fall into a higher band and may be taxed at a top rate of up to 25%. This is slightly higher than the previous top rate of 24%.
For companies, one major change is Capital Gains Tax (CGT). Under the new law, CGT for companies reportedly increased from 10% to 30%, aligning it with the corporate income tax level.
The goal is to close loopholes that allow businesses to structure transactions to pay less tax through asset sales.
Why Government Says It Made These Changes
Officials say the reforms are meant to:
Improve fairness by making higher earners and large companies contribute more.
Protect low-income households by removing tax burden from the lowest earners.
Reduce loopholes and tax avoidance strategies.
Modernise how taxes are collected and reported.
What Else the Reform Covers
Beyond personal taxes, the broader reform package also introduced changes that affect businesses and compliance:
Small businesses may get relief if they fall under certain turnover and asset thresholds.
VAT stays at 7.5%, but more items may be treated as zero-rated or protected, such as some essentials.
Tax compliance is expected to become more digital, with stronger reporting requirements and clearer rules on documentation.
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Police-600×375.webpThe Delta State Police Command has arrested Assistant Superintendent of Police Usman Nuhu for killing a 28-year-old suspect, Mene Ogidi, in Effurun on Sunday. In a statement, police spokesperson Bright Edafe said the officer has been transferred to the Force Headquarters in Abuja for disciplinary proceedings.
The suspect was reportedly apprehended while attempting to waybill a parcel allegedly containing a Beretta pistol with four rounds of ammunition. Force Public Relations Officer Anthony Placid confirmed the officer discharged his firearm in violation of regulations. The Inspector-General of Police has extended condolences to the deceased’s family.
Key Points..TAP TO CONTINUE FULL READING.
A family loses a relative to extra-judicial killing despite the suspect being restrained.
Police accountability is tested as the officer faces disciplinary proceedings and possible prosecution.
Public trust in law enforcement suffers when officers violate use-of-force regulations.
The victim’s death occurred while he was already restrained with hands tied behind his back.
The IGP’s zero-tolerance stance on extra-judicial actions faces a real test in this case.
Watch whether the force disciplinary committee recommends prosecution and what sentence, if any, is handed down to the officer.
Sources: Premium Times
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The Nigeria Police Force, in collaboration with operatives of the Economic and Financial Crimes Commission (EFCC), has successfully secured the release of fourteen victims abducted by sea pirates along the Calabar–Oron waterways.
The rescue followed sustained intelligence-driven operations and coordinated tactical efforts targeting criminal elements in the maritime corridor. The Inspector-General of Police commended the joint security team for the successful operation.
Key Points:..TAP TO CONTINUE FULL READING.
The victims were rescued without harm through targeted operations across identified flashpoints.
They are currently undergoing medical evaluation and debriefing before being reunited with families.
The IGP described the rescue as a testament to effective inter-agency collaboration.
Efforts are ongoing to track down and apprehend all perpetrators.
The operation targeted criminal elements along the busy maritime route.
The police assured the public that efforts to bring the abductors to justice are continuing.
Sources: Daily Post Nigeria, PM News
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Passengers on an Ibom Air flight from Uyo to Lagos were stranded on Monday night after a runway lighting failure at Victor Attah International Airport prevented an inbound aircraft from landing and halted an outbound flight. The incident occurred around 10 p.m., with passengers left without accommodation or transport.
Ibom Air spokesperson Anietie Essienette said the pilots had to abort landing and return to Lagos after the lights went off on short finals. The disruption comes about six months after Akwa Ibom State Governor Umo Eno released N1.19 billion for airport upgrades, declaring the airport ready for night operations in October 2025.
Key Points..TAP TO CONTINUE FULL READING.
Passengers faced night-time stranding with no hotel or bus arrangement from the airline.
A N1.19bn upgrade meant to enable night operations failed to prevent the outage.
The airport’s reliability for night flights is now in question ahead of Ibom Air’s maiden international flight scheduled for May 2.
Limited airline competition on the Lagos-Uyo route leaves passengers with few alternatives.
Delayed luggage complaints from the same passenger preceded the lighting failure incident.
Watch whether the airport management explains the cause of the lighting failure and if the May 2 international flight proceeds as scheduled.
Sources: Premium Times
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