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BusinessNew Tax Laws
Lagos Begins 5% WHT Deduction on Gaming Winnings
Paulinus Sunday
February 20, 2026
The Lagos State Government has commenced the implementation of a 5% Withholding Tax (WHT) deduction on gaming winnings, in line...
FinanceNew Tax Laws
Banks Begin 10% Tax on Foreign Currency Deposit Interest
Paulinus Sunday
January 2, 2026
Nigerian banks have begun deducting a 10 percent withholding tax on interest earned from foreign currency deposits, effective January 1,...