Buhari Blames Politicians, Oil Firms For Tax losses Over The Years   President Muhammadu Buhari has blamed politicians and oil companies for conspiring to deny Nigeria commensurate revenue from oil production and sales, particularly taxes over the years. He said this on Monday after signing the amended...

FG To Introduce Tax Incentives On Investment In Capital Market   The Federal Government on Thursday said it would introduce tax incentives on investments in capital market instruments. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed said this at the opening session of a...

All Tax Processes Are Now Automated – FIRS Boss   The Chairman, Federal Inland Revenue Service, Mr Babatunde Fowler, has said that improvement in revenue collection in the country over the last four years is partly due to the adoption of technology. He said this made payment...

FIRS Generated N4trn In 9 Months — Fowler   The Federal Inland Revenue Service on Thursday said it collected the sum of N4.01tn in the first nine months of this year. The Executive Chairman, FIRS, Mr Babatunde Fowler, gave the figure during a meeting with the Senate...

Experts Oppose IMF’s Call For Tax Hike   Finance experts, Lagos Chamber of Commerce and Industry, a university don, among others, have disagreed with the International Monetary Fund on the fund’s latest recommendation to the Federal Government to raise its tax rate in order to meet...

ABCON Cautions FG Against VAT Hike   The Association of Bureaux De Change Operators of Nigeria (ABCON) has cautioned against the proposed increase in the Value Added Tax (VAT) to 7.5 per cent, from five per cent. According to the currency dealers, the proposal would lead to...