The Nigeria Customs Service (NCS) has recorded about N136.6 billion revenue, with the large haul coming from the Apapa Command which intercepted among other items unprocessed wood export. The command raised over N136billion between January and May this year, while Federal Operations Unit, FOU, Zone...

The Government's revenue through Value Added Tax (VAT) had decreased from N207.35 billion in the fourth quarter of 2016 to N204.77 billion in the first quarter of 2017, the National Bureau of Statistics (NBS) has reported. The Bureau, in the report released in Abuja, stated...

The Federal Inland Revenue Service (FIRS) has said that it generated N778.19 billion revenue in the first quarter of 2017. This is according to a progress report by the FIRS sent to the Federal Ministry of Finance which showed the revenue performance for the first...

The Minister of Finance, Mrs. Kemi Adeosun, has said that the nation’s tax to Gross Domestic Product ratio, which is currently put at six per cent, is one of the lowest in the world. She said with such a ratio, which is less than the...

Finance Minister Kemi Adeosun, met with fellow Finance Ministers at a meeting convened by the G24 Group to discuss strategies to drive non-oil revenue growth and achieve inclusive growth. Speaking after the meetings, the Minister said: “Revenue mobilization is critical to the success of Nigeria’s...

The International Monetary Fund (IMF) says 66 percent of Nigeria’s tax revenues is spent on servicing debts, calling on the country to raise taxes. Speaking at the IMF Fiscal Monitor briefing in Washington, Vitor Gaspar, director of the fund’s Fiscal Affairs department, said he is...