Tax - FIRS To Deduct Govts’ Unpaid VAT, WHT From FAAC Account
The Federal Inland Revenue Service (FIRS) has announced that it will begin deducting unremitted Value-Added Tax (VAT) and Withholding Tax (WHT) by states and local governments from the allocations shared monthly by the...
Nigeria, Others Face High Risk Of Food Crisis
Nigeria and 44 other countries around the world are severely exposed to the Ukraine war-induced food crisis, a study by Boston Consulting Group, a global management consulting firm, has shown.
BCG, in a report titled, ‘The war in...
'Interest Rate May Rise Above 30%'
Average interest rates to end-users may rise above 30 per cent in future as banks begin to adjust lending rates to the new Monetary Policy Rate (MPR).
The Central Bank of Nigeria (CBN)’s Monetary Policy Committee (MPC) last week increased...
Customs Generates About N2bn From Erring Private Aircraft Owners
The Nigerian Customs Service (NCS) said it has so far generated about N2 billion from the revalidation of documents of private aircraft across the country.
The service had in June 2021 threatened to detain private aircraft whose...
FG Generates N532bn from Company Income Tax In 3 Months - NBS
The National Bureau of Statistics tax report has revealed that the federal government generated a sum of N532.48 billion from Company Income Tax (CIT) in the first quarter of 2022.
The report shows...
In 5 Months, FG Raised N5.58trn Via Saving Bonds To Fund 2022 Budget Deficit
To bridge the 2022 N6.26 trillion budget deficit, the federal government through the Debt Management Office (DMO) in the first five months of 2022 raised a total of N5.58 trillion through...
