FG Targets N21tn Revenue from Agriculture
The Federal Government has said it will raise the contribution of agriculture to the nation’s Gross Domestic Product by N5tn before 2020.
It stated that...
Senate Warns Customs: Dont Collect Duties on Old Vehicles
The Senate of the Federal Republic of Nigeria has warned the Nigerian Customs Service (NCS) from collecting duties on old vehicles.
In its resolution, the...
FIRS Nets N27.086 bn From Tax Waiver Programme
…Registers 814, 000 taxpayers in 2016
The Executive Chairman, Federal Inland Revenue Service (FIRS), Tunde Fowler, has said that the agency realised the sum of...
Actionaid cautions Nigeria on tax treaties
The Country-Director, Actionaid Nigeria, Mrs Ojobo Atuluku has called on the Nigerian Government to reconsider its position in signing tax treaties, especially those that...
Suspend Vehicle Importation Ban, Reps tell Buhari
The House of Representatives has asked the Federal Government to suspend its new policy of banning the importation of vehicles through land borders.
The lawmakers...
Emefiele seeks Cabotage Act, phone tax to raise N2trn
As Nigeria’s economic recession bites harder and unemployment rate soaring, Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has advised the...
Atiku Advises FG to Live More on Taxes
Former Vice President, Alhaji Atiku Abubakar called on the federal government to live on taxes the way advanced democracies do instead of relying on...
FIRS Seeks Robust Tax Law to Boost Revenue
The Executive Chairman, Federal Inland Revenue Service, Mr. Babatunde Fowler, has said an effective tax law is vital for the mobilisation of tax revenue.
Fowler...
N5, 000 Tax Can Save a Child from Malaria- FIRS Boss
...Chartered Institute of Taxation, Ghana honours FIRS Chairman
Five thousand Naira, (N5, 000) may seem too little to do a buffet at the Transcorp Hilton...
FIRS Lauds NNPC for Tax Audit
The Federal Inland Revenue Service (FIRS) has commended the Nigerian National Petroleum Corporation (NNPC) for subjecting itself to tax audit as a good responsible...
Senate Asks FG To Recover N42bn Waivers Granted Dangote, Bua, Others
...Asks Stallion, Olam, Milan to refund N24bn
...House: FG loses $2.9bn annually to tax waivers
The Senate has asked the federal government to recover N42 billion grants...
Nigeria can generate N5tn annually from Mining-Fayemi
The Minister of Solid Minerals Development, Dr. Kayode Fayemi, has said that Nigeria can generate about N5tn annually if it opens up the sector.
He...
FG receives $33b from NLNG’
The Federal Government has reaped over $33 billion from the Nigeria LNG Limited (NLNG) initial investment of $2.5 billion.
Managing Director of the company, Babs...
Oil prices now $46 per barrel
Oil hit its highest level price yesterday, driven by a falling dollar and evidence of declining United States (U.S..). supply, putting the price on...
FG targets $2bn Revenue from Tourism
With government and economic drivers working to improve the economy through non-oil sector, the Acting Director General of the Standards Organisation of Nigeria (SON),...
Banks Pay N3.32bn As Fine In 2015
For contravening various rules, including late remittance of funds under the Treasury Single Account (TSA) guiding the Nigerian banking industry, eight banks last year...
Nigeria plans to review tax incentives
The Federal Government plans to review its existing tax incentives to further block revenue leakages in the system.
Minister of State for Budget and National...
IMO rule threatens Nigeria’s exports
Come July 1, Nigeria’s export products may be rejected if they or the containers in which they are loaded are not weighed before being...
Customs sets N67.9bn monthly target for Lagos seaport
The Nigerian Customs Service (NCS) has set a monthly target of N67.9bn for its three Lagos seaport commands, Apapa Customs Command, Tin-Can Customs Command...
FG injects N350b into economy, mulls VAT increment
The federal government has said that it will inject N350 billion budgeted expenditure to revamp the Nigerian economy in the next few months. It...
