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Tax Matters

FIRS Pledges to Raise Tax-to-GDP Ratio, Improve Tax Compliance with e-Invoice system

The Federal Inland Revenue Service (FIRS), yesterday said it was determined to drive Nigeria’s tax-to-Gross Domestic Product (GDP) ratio.

FG Rakes in N402.3bn Tax From Dangote

FG Rakes in N402.3bn Tax From Dangote   The Dangote Industries Limited, (Dangote Group), and its subsidiaries paid over N402 billion in taxes in 2024, making it the highest taxpayer in the country. Dangote’s Chief Branding and Communication Officer, Anthony Chiejina, who disclosed this yesterday in his...

US Tax Reforms may Reduce FDI in Nigeria – NESG

The Nigerian Economic Summit Group (NESG) has warned that the US President, Donald Trump’s tax reforms may lead to a reduction in foreign direct investment (FDI) to Nigeria.

States Predict N3tn Tax After Reform Bills Passage

Findings show that state governments have set a tax revenue target of approximately N3.12tn for the 2025 fiscal year.

Airline Operators Bemoan Excessive Taxes in Nigeria’s Aviation Industry

Airline Operators Bemoan Excessive Taxes in Nigeria's Aviation Industry   Prof Obiora Okonkwo, Founder of United Nigeria Airlines and spokesperson for the Airline Operators of Nigeria, has expressed dismay over the numerous charges imposed by government agencies on the aviation sector, stating that these levies have...

Reps Kick Against Telecom Tariff Hike

Reps Kick Against Telecom Tariff Hike The House of Representatives has called on the Minister of Communications, Innovation and Digital Economy, Bosun Tijani and the Nigerian Communications Commissions (NCC), to suspend the impending hike in telecommunications tariffs until their service improved. The call followed the adoption...