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 Senate said that Customs should drop the proposed move until its Comptroller-General, Hameed Ali appeared before it, to explain the...

…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 N27.086 billion from the waiver of tax penalty and interest programme. The FIRS Chairman disclosed this in Abuja during the oversight...

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 cannot improve trade and investment in Nigeria. Atuluku stated this in Abuja at a two-day workshop on Tax Treaties and Implication...

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 specifically advised President Muhammadu Buhari to intervene by urgently directing the Nigeria Customs Service to reverse the policy. The policy is...

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 Federal Government to cut its losses by fully implementing the 2003 Cabotage Act to turn in about N2trillion annually. Emefiele, who...

Former Vice President, Alhaji Atiku Abubakar called on the federal government to live on taxes the way advanced democracies do instead of relying on oil revenue. Atiku stated this while speaking at the investiture ceremony of the nineth President and Chairman of Council of Chartered...