N5m penalty clause raises tax compliance pressure for Nigeria’s MSMEs

    Chioma Nwangwu | TAX | Nov 26, 2025    
Get Unlimited Access
Subscribe to unlock this article

Complete digital access to quality journalism on any device. Cancel anytime during your trial.

Once registered, you can:

  • Read this article and many more, including access to epapers and research
  • Enjoy customize article feed/recommendation based on your profile
  • Enjoy access to Businessday exclusive events
  • One-Access accross Businessday platforms

Share this article
Shared
3531
times

A new N5 million administrative penalty for awarding contracts to unregistered vendors is tightening compliance requirements for Nigerian businesses, raising concerns about how micro, small, and medium enterprises (MSMEs) will navigate the country’s expanding tax enforcement regime.

Continue reading your article with a
BusinessDay subscription





Already a subscriber?
Sign In
RECOMMENDED STORIES
support_agent