Rising Cost of Revenue Collection Cuts into FAAC Allocations in Sept
Behind the impressive federation disbursement for September 2025, the latest report of the Federation Account Allocation Committee (FAAC) reveals a more troubling pattern, the rising cost of collecting and transferring revenue is steadily reducing...
FG Clarifies New Capital Gains Tax Rules
Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has provided clarity on the newly approved Capital Gains Tax (CGT) framework, set to take effect from January 1, 2026. The reform, which has sparked debates...
FG Halts Revenue Deductions to Curb Leakages, Deepen Accountability
The Federal Government has announced the permanent suspension of deductions for revenue collection costs by key agencies, including the Federal Inland Revenue Service, Nigerian Customs Service, and Nigerian Upstream Petroleum Regulatory Commission, as part of efforts...
The chairman of Global Infrastructure Partners, Adebayo Ogunlesi, has expressed confidence in President Bola Tinubu’s economic reforms, describing them as a solid foundation for renewed international investment in the country.
Federal Inland Revenue Service has explained that the government’s reforms exempt food, education, shared transportation, and agriculture from value-added tax.
