Nigeria Recorded N1.43tr VAT in Q1
The National Bureau of Statistics (NBS) said the aggregate Value Added Tax (VAT) stood at N1.43 trillion in Q1 2024.
This is according to the VAT Q1 2024 Report released in Abuja on Tuesday.
The report shows a growth rate of...
Although the federal government has issued a state of emergency on food production, Nigeria’s food importation bill has surged to a five-year high in the first quarter of 2024.
EFCC Opens Case Against Sirika, Others Over Alleged N2.8bn Fraud
The Economic and Financial Crimes Commission (EFCC) on Monday in a Federal Capital Territory (FCT), High Court, Maitama opened its case of alleged N2.6 billion fraud against former Aviation Minister, Hadi Sirika and three others.
The...
FG Reportedly Considers Suspending Import Levies on Food to Curb Inflation
The federal government is considering suspending import duties on staple food, drugs, and other essential items for six months to slow inflation in the country.
According to a Bloomberg report, the government may also waive...
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...
