VAT Controversy: FIRS May Lose Over N2.4trn Revenue To States       The Federal Inland Revenue Service may lose over N2.4tn revenue to the 36 state governments in 2022 if it loses its appeal against a Federal High Court verdict which barred it from collecting the Value...

We Made N95.5bn Advance Tax Payment To Support FG’s Revenue — MTN       Telecommunication giant, MTN Nigeria, has disclosed that it agreed to make an advance tax payment of N95.5bn between March 2021 and June, 2021, ahead of the established deadline to support government’s revenue drive. MTN...

Trade Ministry Seeks Amendment To PIA, Targets N1bn Revenue       There are indications that the the Federal Ministry of Industry, Trade and Investment has put machinery in motion to push for the amendment of the newly passed Petroleum Industry Act (PIA) to address certain conflict with...

Oil, Gas Exports Hit $1.6bn In One Year       The Nigerian National Petroleum Corporation (NNPC) exported oil and gas worth $1.61 billion between April 2020 and April 2021, latest information from the just-released full market and financial operations report from the national oil company has indicated. The...

Reps Summon Accountant-general, Customs Over Shippers’ Council Revenue       The House of Representatives’ Committee on Finance has invited the Office of the Accountant-General of the Federation, the Nigeria Customs Service and the Budget Office of the Federation to appear on Monday and explain issues surrounding the...

‘FG Loses Over N5trn Revenue To Corruption, Foreigners At Ports’       The Federal Government is losing over N5 trillion revenue yearly, based on the inability of the Federal Executive Council (FEC) to find solutions to the highly corrupt business environment at the port. The Federal Government, it...