MAN Says Carbonated Drink Tax Affected Manufacturers In 2022   The Manufacturers Association of Nigeria (MAN) has said that a major setback that plagued the productive sector in 2022 was the introduction of an excise duty of N10 per litre on all non-alcoholic, carbonated and sweetened...

FG Announces Removal Of 5% Tax On Calls, Data   The Federal Government has announced the removal of its proposed five per cent excise duty on telecommunication services. The government announced that this was in line with the recommendations of a committee, the Presidential Review Committee on...

Companies, Consumers Taxes Hit N5.3tn – NBS The National Statistics Bureau data shows that consumers of goods and services and companies paid N5.34tn as taxes to the government in 2022. This represents a 42.14 per cent increase from the N3.76tn that was raised in 2021. The...

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...