The Executive Chairman, Federal Inland Revenue Service, Mr. Babatunde Fowler, has said an effective tax law is vital for the mobilisation of tax revenue. Fowler stated this while delivering a lecture at the Annual Tax Conference of the Chartered Institute of Taxation, Ghana, where he...

...Chartered Institute of Taxation, Ghana honours FIRS Chairman Five thousand Naira, (N5, 000) may seem too little to do a buffet at the Transcorp Hilton Hotel, Abuja or at Eko Hotels and Suites in Lagos. But a tax of N5,000 is enough to save the life...

The Federal Inland Revenue Service (FIRS) has commended the Nigerian National Petroleum Corporation (NNPC) for subjecting itself to tax audit as a good responsible corporate citizen. Chairman of FIRS, Mr. Tunde Fowler gave this commendation when he received the Group Managing Director of the NNPC,...

...Asks Stallion, Olam, Milan to refund N24bn ...House: FG loses $2.9bn annually to tax waivers The Senate has asked the federal government to recover N42 billion grants as import duty waivers to six companies including Dangote Limited and BUA Sugar Refinery between 2013 and 2015. The upper chamber...

The Minister of Solid Minerals Development, Dr. Kayode Fayemi, has said that Nigeria can generate about N5tn annually if it opens up the sector. He also said that the solid minerals sector had the potential to generate a lot of jobs. Fayemi stated this at the...

The Federal Government has reaped over $33 billion from the Nigeria LNG Limited (NLNG) initial investment of $2.5 billion. Managing Director of the company, Babs Omotowa, disclosed this yesterday in Abuja while briefing the House of Representatives Committee on Gas Resources during a public hearing...