A dispute has arisen between the Organised Private Sector of Nigeria (OPSN) and the Nigeria Revenue Service (NRS) regarding the implementation of new tax laws. This controversy is linked to a directive from the NRS that mandates companies to file their Companies Income Tax (CIT) returns for the year 2026, according to Daily Trust.

Senior policymakers and tax experts are gathering in South Africa this week to discuss the future of international tax policy, with a focus on Africa's increasing role in global tax reform. The discussions are part of the UN Tax Convention talks, which aim to address key issues in international taxation.

Nigeria aims to raise its tax-to-GDP ratio from about 10 percent in 2023, among the lowest globally, toward 18 percent within a few years, according to government figures. However, an analysis by Nairametrics argues that taxation alone cannot deliver the country's ambition of a trillion-dollar economy, suggesting that broader economic growth and structural reforms are needed alongside higher revenue collection.

The Lagos Chamber of Commerce and Industry (LCCI) has requested the Nigeria Revenue Service (NRS) to extend the June 30, 2026 deadline for filing Company Income Tax (CIT) returns by one month. This request is based on what LCCI describes as widespread technical failures on the newly deployed Rev360 tax platform, which impacted the filing process.

In the first quarter of 2026, Nigeria's manufacturing sector contributed significantly to government revenue, generating a total of N404.07 billion from Value Added Tax (VAT) and Company Income Tax (CIT). This included N329.59 billion from VAT and N74.48 billion from CIT, according to data from the National Bureau of Statistics (NBS).

Eight staff members of the Niger State Internal Revenue Service (NSIRS) have been detained by the police for allegedly diverting billions of naira from state revenue. The suspects are currently held at the State Criminal Investigation Department (SCID), where detectives are conducting further interrogations and auditing financial records, according to sources.