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In the November 2025 issue of TEMPLARS Tax Transcripts, our Tax Practice highlights notable developments in Nigeria’s fiscal policy, tax administration, and judicial interpretation.

Key updates include the proposed constitutional amendment to include Value Added Tax (VAT) in the Exclusive Legislative List, as well as the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s announcement that the proposed 15% ad-valorem levy on petrol and diesel is no longer in view.

This edition also captures the appointment of the Tax Ombudsman, to enhance fairness, accountability, and taxpayer confidence through independent review and resolution of tax related complaints.

For judicial developments, the Tax Appeal Tribunal clarified that attorney–client privilege does not extend to bank records, marking a key precedent on confidentiality boundaries in tax compliance.

For further clarification, please contact TEMPLARS Partners, Dipo Komolafe, Igonikon Adekunle, and Sesan Sulaiman.

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