Bandits operating in Zamfara State have reportedly imposed N15 million levy on some communities in Tsafe local government area of the state with a threat to...
In a bid to arrest the soaring cost of food items, the federal government has announced the suspension of duties, tariffs and taxes on imported food...
In a significant turnaround, Kenyan President William Ruto has withdrawn planned tax increases, succumbing to pressure from protesters who had staged demonstrations across the country, stormed...
Corporate taxes and royalties’ remitted by Shell Nigeria declined by $27m in 2023. This is according to figures announced by the company in its published 2023...
A report by the National Bureau of Statistics indicated that Nigeria grew its taxes collected from consumption products and organizations by 59.8 per cent in the...
The Osun State Governor, Ademola Adeleke, has signed a bill that harmonised multiple taxes and levies collected by Ministries, Departments, and Agencies (MDAs) in the state....
The Chairman of the Presidential Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, on Tuesday disclosed that the administration of President Bola Tinubu was working to...
The Manufacturers Association of Nigeria (MAN) said the Federal Government is placing its N77 trillion debt burden on manufacturers through high and multiple taxes. In the...
Despite several gloomy events and policies that rocked Nigeria during the first three months of 2023, the country’s foreign trade in goods hit N12 trillion in...
The Nigeria Employers’ Consultative Association (NECA) has raised concerns over increasing tax burden on businesses amid a harsh operating environment in the country. The association particularly...
The National Bureau of Statistics (NBS) has revealed that in the first six months of 2022, Nigerians paid N1.09 trillion in indirect tax to the federal...
The Central Bank of Nigeria (CBN) has revealed that federal government earnings from oil sales dropped to a four-month low. CBN stated this in its latest...
Foreign companies operating in Nigeria in 2021 paid over N505.6 billion in taxes to the account of the federal government. This is 30.01 per cent of...
The Federal Inland Revenue Service (FIRS) has been ordered to stop demanding and collecting value-added tax (VAT) and personal income tax (PIT) across Nigeria. A federal...
The Interim Council of the ISWAP-Boko Haram terrorists’ group, headed by Abu Mus’ab Al-Barnawiy, has appointed new commanders for its operations in parts of Borno State,...
The Human Rights Writers Association of Nigeria (HURIWA) has criticised the Federal Inland Revenue Service (FIRS) over the imposition of over N70m as Company Income Tax...
President Muhammadu Buhari on Thursday directed the Federal Inland Revenue Services (FIRS) and related government agencies to enforce strict compliance of tax payments by foreign companies...
In 2016, two giant multinational corporations, and manufacturers, retailers, and marketers of beverages and syrups (Coca-Cola and Pepsi), while reacting to the then unfavorable market situation...
Operators in the telecommunications sector in the country have cried out over what they termed multiple environmental taxes imposed on them by federal and state ministries...
The Federal Inland Revenue Service, FIRS, made a whooping N300.4 billion in three years, between 2016 and 2018 as the cost of collecting taxes. According to...
Federal Inland Revenue Service (FIRS) has generated its highest annual revenue revenue in history, after generating N5.3 trillion in 2018. Its highest revenue generation was previously...
A report by the Global System for Mobile Association (GSMA) has said that the mobile technology ecosystem generated $1.8bn revenue in form of taxes to the...
NOT a few financial market experts are shocked by the banks’ suspension of Bureau de Change (BDC) operations over taxes on turnover volumes. But, many of...
The Department of Petroleum Resources (DPR) said the Federal Government made N748 billion from taxes and royalties paid by oil and gas companies operating in the...
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has expressed confidence in the viability of the Voluntary Asset and Income Declaration...
The Federal Inland Revenue Service (FIRS) may soon begin probing some companies involved in tax evasion. This followed allegations that most companies operating with the Nigerian...
In view of dwindling funds from the federation account, necessitated by the drop in crude oil prices, state governments have resorted to exploring new means of...
