The federal government has increased the tax on tobacco products including shisha and cigarettes from 20 percent to 30 percent, according to Olorunnimbe Mamora, minister of state for health. He spoke at a media briefing in...
The Federal Government made N1.69tn from company income tax in 2021, according to statistics from the National Bureau of Statistics. This is a 19.56 per cent increase from the N1.41tn that was collected in 2020. According...
Finance Minister Zainab Ahmed has said that as indicated in the Finance Bill 2021, Nigerians are to pay more taxes. The minister disclosed this Monday during a public hearing on the bill organised by the House...
Nigeria is offering would-be investors a generous three-year tax holiday and other incentives in a bid to turn around its moribund mining industry The Minister of Mines and Steel Development, Olamilekan Adegbite, on Tuesday called on...
Muhammad Nami, the Chairman of the Federal Inland Revenue Service (FIRS), has said that only 41 million people in Nigeria pay taxes He spoke during the ‘Public Presentation and Breakdown of the Highlights of the 2022...
Dangote Cement Plc has emerged as the highest corporate income taxpayer and biggest employer of labour in the country for the year 2020. The foremost indigenous cement manufacturer came first among top 100 elite companies listed...
President Muhammadu Buhari has ordered the deployment of technology to tax all digital transactions carried out across the country. The Secretary to the Government of the Federation (SGF), Boss Mustapha, broke the news at the 17th...
The Debt Management Office on Tuesday said that the Federal Government would offer N150bn bonds for subscription in September. A circular by the DMO on its website showed that the breakdown of bonds comprised of three...
The Federal Inland Revenue Service (FIRS) has directed taxpayers in the country to continue to pay their Value Added Tax (VAT) to it or risk penalties for failing to do so. The FIRS said it decided...
The Federal Accounts Allocation Committee on Wednesday said it shared a total of N605.958 billion as May 2021 revenue to the Federal, States and Local Governments as well as other relevant agencies. Charles Nwodo, Director, Information,...