According to Capt. Samuel Caulcrick, Nigeria's flawed tax policy and the failure of the government to properly capture the economy market in the country are a few reasons why the economy would continue to be in doldrums. 

Lagos to Launch Electronic Tax Portal Mid-August The Lagos state government says it will launch its online tax platform on August 15. The platform is called the ‘Lagos Revenue Portal (LRP)’, said Abdul-Kabir Ogungbo, special adviser to Babatunde Sanwo-Olu, Lagos governor, on taxation and revenue. Ogungbo, who...

Tax Weaver on Essential Food Items Commences Next Week – Customs The Nigeria Customs Service (NCS) will begin implementation of weaver of taxes on import food items and drugs by next week. The Comptroller-General of NCS, Bashir Adeyini, announced this on Tuesday August 6, at...

Nigeria Secures $500m Loan To Support Energy Transition Programme The African Development Bank (AfDB) Group has approved a loan of $500 million to Nigeria to finance the first phase of the economic governance and energy transition support programme (EGET-SP). EGET-SP is an initiative aimed at accelerating...

EFCC Recovers N231.62bn in One Year The Economic and Financial Crimes Commission (EFCC) has recovered over N231.623billion during the first year of the administration of President Bola Ahmed Tinubu. Other recoveries include US$70,260,544.18; £29,264.50(GBP); Euro 208,297.10; $3,950.00 (Canadian); $740.00 (Australian); 35,000.00 (Rand); 42,390.00 (UAE Dirhams); 247.00...

Nigeria’s Spending on Jet Fuel Importation Drops by 87% to N31bn - NBS   Nigeria’s spending on kerosene type jet fuel importation fell quarter-on-quarter (QoQ) by 87 percent to N31 billion in the first quarter of 2024 (Q1’24) from N239.18 billion in Q4’23. Meanwhile, according to a...