The Federal Government is targeting additional revenue of N480bn within the next three years from the implementation of the tax on luxury goods and other austerity measures recently announced by the Minister of Finance, Dr. Ngozi Okonjo-Iweala. The minister had on November 16 announced the...

The need for adequate tax mobilization and monitoring of Nigeria’s mining industry to ensure increment of revenue generation and the nation’s fiscal actions have been re-echoed by the Civil Society Legislative Advocacy Centre (CISLAC). While reiterating the statutory mandate of the NGO as transparency and...

Director, Corporate Communications Department of Central Bank of Nigeria (CBN) Ibrahim Mu’azu says reintroduction of transaction fees for the use of remote automatic teller machines is to ensure that ATMs across the country continue to function to the satisfaction of all bank customers. According to...

Federal Inland Revenue Service (FIRS) has generated N1.45 trillion revenue from tax in the second quarter of 2014 just as it has simplified tax certificate issuance processes.   According to the agency’s report on its operation during the period, the revenue was realized from oil and...

National Bureau of Statistics has released GDP estimates for January 2012 to September 2013. On an aggregate basis, the economy when measured by the Real Gross Domestic Product (GDP), grew by 6.81 percent in the third quarter of 2013. This was higher than the...

Nigeria’s Central Bank Governor, Sanusi Lamido, struck a defiant tone again Tuesday, accusing state-run oil firm, the Nigerian National Petroleum Corporation, NNPC, of failing to pay to the federation account at least $20 billion of government oil revenues.   The Nigerian government and the NNPC in particular...