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Lagos Begins 5% WHT Deduction on Gaming Winnings

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...

Banks Begin 10% Tax on Foreign Currency Deposit Interest

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,...