N15trn Pension Assets, Proof Of CPS’ Effectiveness – PenCom The National Pension Commission (PenCom) has described the Contributory Pensions Scheme (CPS) introduced in 2004 as a very successful initiative, having consistently grown the nation’s pension assets from N2 trillion at inception, to N15 trillion today. The...

FIRS To End Multiple Taxation, Collect VAT The Federal Inland Revenue Service says it has commenced an initiative to end multiple taxation and collect Value Added Tax (VAT) from Market Traders Association of Nigeria (MATAN) and other informal sector operators. The association, with a membership of...

DMO Projects Nigeria’s Debt-to-GDP Ratio To 37.1% Increase In 2023  The Debt Management Office (DMO) has projected that Nigeria’s total public debt could rise to 37.1% of its gross domestic product (GDP) this year, nearing the government’s self-imposed 40% limit. The government of the ex-president Mohammadu...

Paris Summit: Subsidy Removal, FX Policy Needed For Economic Growth - Tinubu President Bola Tinubu, on Thursday, in France, said Nigeria is ready to do business and receive investments from foreign partners. He premised this on the ongoing reforms such as the removal of fuel subsidy...

Inflation: LCCI Urges FG to Cut Taxes on Basic Items The Lagos Chamber of Commerce and Industry (LCCI) has called on the federal government to cut taxes on basic food items to mitigate the effect of rising inflation on the most vulnerable Nigerians. LCCI made the...

Coalition Insists Tax on Sugar-sweetened Beverages The National Action on Sugar Reduction Coalition has disagreed with the call in some areas to remove the tax on sugar-sweetened beverages. The Coalition called on the President, Bola Tinubu, to increase the sugar-sweetened beverage tax. It noted that the Manufacturers...