The Federal Government has hired a leading global investigation agency to trace destinations of illicit funds emanating from Nigeria. The Minister of Finance, Mrs. Kemi Adeosun made the disclosure in a keynote address at a CEO roundtable organised by the Nigerian Stock Exchange in conjunction...

The Central Bank of Nigeria has said that dollar inflows into the economy through the newly introduced Investor and Exporter (I&E) Forex Window have hit $2.2 billion. The I&E FX window was introduced by the Central Bank of Nigeria (CBN) on April 24 to enable...

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...