NRS Raises Alarm Over Illicit Capital Outflows, Recovers N80bn
The Nigeria Revenue Service (NRS) has stated that it recovered over N80bn from illicit financial flows within a three- to five-year window. It urged private sector operators to strengthen due diligence and help curb capital flight.
The...
President Bola Tinubu, on Tuesday in Abuja, said colonial-era tax laws impoverished Nigerians through fragmentation, multiplicity, and inconsistencies, and assured that the new reforms will deliver greater prosperity and inclusivity.
President Bola Tinubu says his administration’s economic reforms are designed to confront structural weaknesses, restore fairness, and rebuild confidence in public institutions.
Illicit Flows Cost Nigeria, Others $88bn Annually – Edun
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has stated that illicit financial flows are currently denying Nigeria and African economies an average of $88 billion annually.
Edun made the disclosure in Abuja on...
The Nigeria Revenue Service (NRS) has begun the phased rollout of its electronic invoicing and fiscal monitoring system, designed to strengthen tax administration, improve transparency, and encourage voluntary compliance.
