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- 1Late Tax Interest Falls as Nigeria Links Charges to Market Rates●Late Tax Interest Falls as FG Links Charges to Market Rates
Nigeria's Federal Government has reduced the interest charged on late tax payments by tying it to prevailing market rates, a move expected to lower penalties for taxpayers who miss deadlines. The change has drawn attention in business and property circles, where observers see it as part of broader efforts to make the tax system fairer and encourage compliance among individuals and companies.