Report Reveals Companies Pay N11.5trn Tax Under Buhari   The Federal Government has raked in N11.5tn from taxes paid by business organisations under the administration of President Muhammadu Buhari. Data sourced from Company Income Tax reports published by the National Bureau of Statistics between 2015 and 2022...

Organised Private Sector Battling Over 50 Taxes – NECA Boss   The Director-General of the Nigeria Employers’ Consultative Association (NECA) Mr Adewale Oyerinde, has said that organised businesses are presently faced with over 50 different taxes, levies and fees at all tiers of government, some of...

FG Generates N799.10bn in Q1, Missed Oil Revenue Target - CBN The Central Bank of Nigeria (CBN) has revealed that the country generated a sum of N799.10 billion in crude oil sales in the first quarter of the year (Q1 2022). This was however far less...

FG To Implement Telecoms, Beverage Taxes Next Year   The Federal Government through the Budget Office of the Federation has revealed that it will begin the implementation of its proposed excise duties on telecommunication services and beverages in 2023. This is despite backlashes from the Minister of...

Free Trade Zones Contributes N29bn Tax In 2 Years - NEZA   The Nigeria Economic Zones Association (NEZA) has said the special economic zones in the country are not used for tax evasion but a source of gaining more revenue through custom duties and VAT than...

NGX-listed Firms Remit N215.9bn Tax To FIRS, Others In Q1   As a result of their expansion in Nigeria and other African countries, the likes of Dangote Cement Plc, MTN Nigeria Communication, Seplat Energy Plc, Guaranty Trust Holding Company Plc (GTCO) and 20 other companies remitted...