Govt Revenue Gets Boost with Indirect Taxes Doubling to N1.4tn Q1 Indirect taxes on Nigerian goods surged by 101.65 per cent to N1.42 trillion in the first quarter of 2024 from N705.04 billion in the same period last year, in a boost for government revenue...

He noted that the relevant section of the Cybercrime Act is very clear about the businesses that are required to pay the levy, not the citizens.

The Nigeria Labour Congress (NLC) has described the planned cybersecurity levy introduced by the Central Bank of Nigeria (CBN) on all electronic transactions has been described as another burden on Nigerians.  

Mrs Abimbola Essien-Nelson, the Media Relations Manager of Shell Nigeria, revealed that the oil company has exclusively paid $1.09 billion in corporate taxes and royalties to the Nigerian Government in 2023. 

Digital Economy: 21 African Countries Enact Tax Laws on Electronic Services - PwC Twenty-one African countries have enacted rules for non-resident suppliers to account for value-added tax, goods, and sales tax on electronically supplied services, a new report by PwC has revealed. According to the report,...

World Bank Yet To Consider FG’s $2.25bn Loan Request – Wale Edun   The World Bank is yet to consider the approval of the federal government’s $2.25 billion loan application, which the government said would provide crucial support to Nigeria’s economic recovery efforts amidst ongoing fiscal...