Close Menu
City News NG
  • Home
  • News
  • Politics
  • Politics
  • Business
  • Entertainment

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

El-Rufai’s Wife Drags ICPC to Court, Demands ₦2 Billion Compensation

May 24, 2026

‘We Won’t Vote Atiku’ — ADC Youth Leaders Back Amaechi for 2027 Presidency

May 24, 2026

2027: Tinubu set to receive Certificate of Return, APC flag

May 24, 2026
Facebook X (Twitter) Instagram
Trending
  • El-Rufai’s Wife Drags ICPC to Court, Demands ₦2 Billion Compensation
  • ‘We Won’t Vote Atiku’ — ADC Youth Leaders Back Amaechi for 2027 Presidency
  • 2027: Tinubu set to receive Certificate of Return, APC flag
  • BREAKING: Ex-Foreign Affairs Minister Tuggar Loses APC 2027 Bauchi Governorship Ticket
  • Videos, statements of me supporting bandits doctored – Gumi
  • ‘Politicians won’t stop stealing if Nigerians don’t stone us’ – Amaechi
  • Insecurity: Oyo School Abductors Give Fresh Condition
  • Sowore Declares For 2027 Presidential Election, Vows To Unseat Tinubu
Facebook X (Twitter) Instagram
City News NGCity News NG
  • Home
  • News
  • Politics
  • Politics
  • Business
  • Entertainment
City News NG
Home » New tax laws: NRS takes over collection of mineral royalties
News

New tax laws: NRS takes over collection of mineral royalties

CitynewsBy CitynewsApril 3, 2026Updated:April 3, 2026No Comments
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

New tax laws: NRS takes over collection of mineral royalties 

Collection of mineral royalties from mining sector operators across the country will henceforth be the responsibility of the Nigeria Revenue Service (NRS), while the Ministry of Solid Minerals Development will continue its technical and regulatory oversight on the sector.

This was the outcome of a meeting between the Minister of Solid Minerals Development, Mr Dele Alake and the NRS chairman, Zacch Adedeji, held at the former’s office in Abuja on Thursday, to define collaborative ways of working together.

The decision was based on the new tax laws, which empower NRS to administer all federally collectable revenue and account for the same. 

A statement made available to journalists on Friday by Dare Adekanmbi, Special Adviser to the NRS chairman, said the decision, effective January 1, 2026, was contained in a joint statement endorsed by both Alake and Adedeji.

“The Ministry of Solid Minerals Development and the Nigeria Revenue Service wish to inform mining operators and the general public of the outcome of their meeting held on April 2, 2026, on the collaborative implementation of mineral royalty administration under the Nigeria Tax Laws 2025.

“Following the enactment of the laws by President Bola Tinubu on 26 June 2025, the administration of mineral royalties, effective January 1, 2026, has transitioned to NRS. 

“The Ministry of Solid Minerals Development continues to serve as a vital technical partner, providing mineral pricing data, geological information, and industry coordination in support of the royalty process.

“Both institutions have agreed to work closely together to ensure that operators are well-informed, and that the new royalty framework is implemented in a way that supports the growth and development of the solid minerals sector,” the statement said. 

According to the statement, there will be a joint nationwide sensitisation programme for operators in the sector, particularly to guide royalty filing and payment as spelt out under the new tax laws. 

The new royalty regime will also see the development of a modern, end-to-end digital royalty administration system. At the same time, joint technical sessions shall be held regularly to coordinate and resolve issues that may arise.

“The Ministry of Solid Minerals Development and NRS wish to assure mining operators and the public that both institutions are fully aligned and committed to working together to implement the new royalty framework in a manner that is orderly, transparent, and supportive of the mining sector.

“Operators are encouraged to continue meeting their filing and payment obligations as required under the new tax laws, and to participate actively in the forthcoming sensitisation programme,” the statement added.

 

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Citynews
  • Website

Related Posts

El-Rufai’s Wife Drags ICPC to Court, Demands ₦2 Billion Compensation

May 24, 2026

‘We Won’t Vote Atiku’ — ADC Youth Leaders Back Amaechi for 2027 Presidency

May 24, 2026

2027: Tinubu set to receive Certificate of Return, APC flag

May 24, 2026
Leave A Reply Cancel Reply

Demo
Top Posts

Stop Press! Jesam Michael, AAS Investors Are Aggrieved

May 10, 2024

Leadway Advocates For Public Safety As Nigerians Embrace The New Year

January 7, 2025

Ogun Is Setting The Pace In Tackling Energy Challenges, Says Abiodun

February 15, 2024

El-Rufai’s Wife Drags ICPC to Court, Demands ₦2 Billion Compensation

May 24, 2026
Don't Miss
News

El-Rufai’s Wife Drags ICPC to Court, Demands ₦2 Billion Compensation

By CitynewsMay 24, 2026

A fresh legal battle has emerged between the family of former Kaduna State governor, Nasir…

‘We Won’t Vote Atiku’ — ADC Youth Leaders Back Amaechi for 2027 Presidency

May 24, 2026

2027: Tinubu set to receive Certificate of Return, APC flag

May 24, 2026

BREAKING: Ex-Foreign Affairs Minister Tuggar Loses APC 2027 Bauchi Governorship Ticket

May 23, 2026
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

Demo
About Us

City News NG is a fast-growing Nigerian online news platform delivering breaking stories, politics, business, entertainment, sports, and lifestyle updates to readers across Nigeria and the diaspora. It positions itself as a reliable digital newspaper with timely coverage of national and global events.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

El-Rufai’s Wife Drags ICPC to Court, Demands ₦2 Billion Compensation

May 24, 2026

‘We Won’t Vote Atiku’ — ADC Youth Leaders Back Amaechi for 2027 Presidency

May 24, 2026

2027: Tinubu set to receive Certificate of Return, APC flag

May 24, 2026
Most Popular

Stop Press! Jesam Michael, AAS Investors Are Aggrieved

May 10, 2024

Leadway Advocates For Public Safety As Nigerians Embrace The New Year

January 7, 2025

Ogun Is Setting The Pace In Tackling Energy Challenges, Says Abiodun

February 15, 2024
© 2026. Designed by .
  • Home
  • News
  • Politics
  • Politics
  • Business
  • Entertainment

Type above and press Enter to search. Press Esc to cancel.