The Federal Government has linked interest charges on unpaid taxes to prevailing borrowing costs, saying delayed tax payments could force the government to borrow to cover revenue shortfalls. Under a new framework taking effect on October 1, 2026, interest on naira-denominated tax debts will be charged at the Central Bank of Nigeria’s Monetary Policy Rate plus one percentage point, subject to a minimum rate tied to the yield on 364-day Treasury Bills..................….......READ MORE
We use cookies on our websites to improve your user experience and our services, and to analyze the use of our website.
In accordance with NDPR, continuing to use this platform indicates your consent to the processing of your
personal data by Osborne Capital Markets Limited and our partners as detailed in our Privacy Policy.
To learn more, read our Privacy Policy and Data Consent Policy