• About
  • Advertise
  • Our Privacy Policy
  • Contact
Monday, April 6, 2026
No Result
View All Result
  • Login
  • Register
MetrowatchXtra
  • WORLD
  • BUSINESS
  • POLITICS
  • HEALTH
  • SPORTS
  • OP-ED
  • ENTERTAINMENT
  • WORLD
  • BUSINESS
  • POLITICS
  • HEALTH
  • SPORTS
  • OP-ED
  • ENTERTAINMENT
No Result
View All Result
MetrowatchXtra
No Result
View All Result
Home Latest News

New Tax Law: NRS Takes over Collection of Mineral Royalties

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

Kemi Sheriepha by Kemi Sheriepha
April 6, 2026
0 0
0

The Nigeria Revenue Service (NRS), has taken over the collection of mineral royalties from mining sector operators across the country.

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

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

A statement by Dare Adekanmbi, Special Adviser to the NRS chairman, indicated that the decision, effective January 1, 2026, was contained in a joint statement endorsed by both Alake and Adedeji.

The statement reads in part: “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.

READ ALSO  UNILAG: VC Ogundipe Presents Scorecard, Bows Out of Office

“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 also indicated that there would 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.

It said further, “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.

READ ALSO  Check Out The 15 Most Powerful African Countries in 2024 | METROWATCH

“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.”

 

 

Kemi Sheriepha

Kemi Sheriepha

RELATED POST

6 Injured in Kuwait after Iranian Attack on Residential Area
Latest News

6 Injured in Kuwait after Iranian Attack on Residential Area

by Kemi Sheriepha
April 6, 2026
0

An Iranian attack on a residential area in northern Kuwait injured six people on Monday, the Gulf country’s health ministry...

Read moreDetails
Nigerian Musician, Joeboy, Stars on Easter Edition of Glo-powered ‘African Voices’

Nigerian Musician, Joeboy, Stars on Easter Edition of Glo-powered ‘African Voices’

April 6, 2026
Iran War: MAN Reveals Measures to mitigate effect on Nigerian manufacturers

Iran War: MAN Reveals Measures to mitigate effect on Nigerian manufacturers

April 6, 2026
War: We’re Coming in to Clean Up, Donald Trump Insists on Ground Invasion of Iran

You Have 48 Hours to Make Deal or US Will Unleash Hell’, Trump Warns Iran

April 4, 2026

Russia Evacuates 198 Workers from Iran Nuclear Plant Amid Airstrike

April 4, 2026
11 Dead, 52 Houses Burnt in Nasarawa Violence

11 Dead, 52 Houses Burnt in Nasarawa Violence

April 4, 2026
Load More

APO

Recent Posts

  • 6 Injured in Kuwait after Iranian Attack on Residential Area
  • Nigerian Musician, Joeboy, Stars on Easter Edition of Glo-powered ‘African Voices’
  • Iran War: MAN Reveals Measures to mitigate effect on Nigerian manufacturers
  • New Tax Law: NRS Takes over Collection of Mineral Royalties
  • You Have 48 Hours to Make Deal or US Will Unleash Hell’, Trump Warns Iran

Recommended

Peter Obi to Nigerians: I Would Rather Die Than Fail My Supporters

Peter Obi to Nigerians: I Would Rather Die Than Fail My Supporters

3 years ago
OPINION | The Citizens’ Loyalty and National Rebirth By Clement Uwayah

OPINION | 2023 Poll: President Buhari and His Fading Dream of Legacy, By Clement Uwayah

3 years ago
MetrowatchXtra

MetrowatchXtra is an online daily newspaper poised to act as a catalyst in our debate and desire for well-governed Nigeria and provide the much-needed platform for all, irrespective of social, religious or political divide, to express their views.
Metrowatchxtra Nigeria

  • About
  • Advertise
  • Our Privacy Policy
  • Contact

© 2026 Metrowatchxtra Nigeria Published by Miraculous Media Connect Limited. All rights reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Politics
  • World
  • Business
  • Science
  • Entertainment
  • Sports
  • Tech
  • Health

© 2026 Metrowatchxtra Nigeria Published by Miraculous Media Connect Limited. All rights reserved