FG Cuts Late Tax Payment Interest, Links Rate To CBN MPR
The Federal Government has reduced the interest rate payable on late tax payments, linking the charge on naira-denominated tax liabilities to the Central Bank of Nigeria’s Monetary Policy Rate (MPR), with the new regime taking effect from October 1, 2026. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this in... The post FG Cuts Late Tax Payment Interest, Links Rate To CBN MPR appeared first on New Telegraph .
The Federal Government has reduced the interest rate payable on late tax payments, linking the charge on naira-denominated tax liabilities to the Central Bank of Nigeria’s Monetary Policy Rate (MPR), with the new regime taking effect from October 1, 2026. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this in...
The post FG Cuts Late Tax Payment Interest, Links Rate To CBN MPR appeared first on New Telegraph.
Follow the story
About this article
- Length
- 74 words · 1 min read
- Published
- September 24, 2026
- Byline
- Abdulwahab Isa
- Source
- New Telegraph