The Federal Inland Revenue Service said in Abuja that less than 15 million Nigerians are paying taxes. The Chairman, Joint Tax Board, Mr. Babatunde Fowler, who stated this, said that a large percentage of Nigerians were defaulting in tax remittances...

The African Development Bank has canceled a loan to Nigeria that would have helped financed the country’s budget, the Vice-President for Power, Energy, Climate Change and Green Growth, AfDB, Amadou Hott, has said. He also said the bank would likely...

Lack of mechanised farming equipment, easy access to fertiliser, reliable produce marketing outlets and failure to effectively tackle farmers/herders clashes are among major reasons why food prices remain high even as harvest period peaks, experts have said. Inflation records from...

Thirty states of the federation generate a cumulative internal revenue just enough to settle one-third of their workers’ salaries and allowances, Daily Trust investigations have shown. Analysis of official data published by the National Bureau of Statistics (NBS) revealed that...

The Minister of Finance, Mrs. Kemi Adeosun has said that the recoveries, which the Federal Government had made through the implementation of the whistle-blower policy, had exceeded its expectations. Adeosun stated this in an article written by her and made...

The International Monetary Fund has advised the Federal Government to urgently reconsider tax holidays and exemptions given to companies. It specifically urged Nigeria to implement a reform that would see it phase out tax holidays and exemptions eroding the...