What Late Tax Will Costs You: Understanding the New Interest Order from 1 October 2026.
From 1 October 2026, interest on late naira taxes in Nigeria will be the CBN Monetary Policy Rate plus 1 percentage point, down from 5 points, with the 364-day Treasury bill yield as a floor. The Minister of Finance, Taiwo Oyedele, issued the Tax Administration Order 2026 on 24 September under section 65 of the […]