By Ayomide Otitoju
Fidelity Bank Plc has announced a free virtual masterclass on the Nigeria Tax Act 2025 (NTA), aimed at helping small businesses understand and prepare for changes taking effect next year.
The session will hold at 10:00 a.m. on Friday, 12 December 2025, and will cover key provisions of the new law, its implications for income and business operations, and practical compliance steps to avoid penalties in 2026. Participants will also receive guidance on adapting to Nigeria’s evolving tax environment.
Nigeria’s tax landscape underwent major reforms on 26 June 2025, when President Bola Ahmed Tinubu signed four tax bills into law. The new Acts, which take effect on 1 January 2026, represent a broad restructuring of the system, designed to modernise and harmonise tax administration, expand the tax base, boost revenue, and establish clearer rules for individuals and businesses.
Osita Ede, Divisional Head of Product Development at Fidelity Bank, said the masterclass underscores the bank’s commitment to supporting business owners through regulatory transitions.
“Our decision to host this masterclass reflects our commitment to empowering businesses with the right information ahead of the commencement of the new tax regime. Information is money, and a well-informed business owner is already steps ahead in the race to success. This is why we are bringing experts to provide accurate details and demystify the tax act,” he said.
