The Rio Times

Nigeria Cuts Late Tax Interest to Central Bank Rate Plus 1 Point

September 24, 2026 at 09:23 PM

Nigeria · FINANCE Key Facts —The context Nigeria, Africa’s most populous country, overhauled its tax laws in 2025 to raise more revenue outside oil. —What happened From 1 October 2026, late naira tax payments carry interest at the central bank’s policy rate plus 1 percentage point. —The benchmark The Central Bank of Nigeria cut that […]

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