E-invoicing to Boost tax-to-GDP Ratio, Curb Revenue Loss - FIRS The Federal Inland Revenue Service (FIRS) has stated that the implementation of the electronic-invoicing (e-invoicing) system will boost Nigeria’s tax-to-GDP ratio by improving tax compliance, enhancing transparency and curbing revenue losses. The e-invoicing, according to the...

The Federal Inland Revenue Service (FIRS), yesterday said it was determined to drive Nigeria’s tax-to-Gross Domestic Product (GDP) ratio.

The total pension Net Asset Value under the management of Pension Fund Administrators in the country as at December 2024 has hit N22.51trillion.

NAHCO Retirees Demand Fair Share of N758bn Pension Fund   Retired workers of Nigerian Aviation Handling Company Plc (NAHCO) have appealed to the Federal Government to prioritise them in the next disbursement of President Bola Tinubu’s N758bn pension bond. Speaking with journalists in Lagos on Friday, the...

February Foreign Exchange Reserve Drops by $1.3bn   Nigeria’s foreign exchange reserves fell by $1.31bn in February 2025, reflecting sustained external pressures amid the recent appreciation of the naira. Data from the Central Bank of Nigeria (CBN) showed that reserves declined from $39.72bn on January 31, 2025,...

Tinubu Rejects N942bn Census Budget   President Bola Tinubu has turned down a N942bn proposal by the National Population Commission (NPC) for the conduct of the national housing and population census. Impeccable sources privy to the discussions between Tinubu and the commission’s top officials on Monday, February...