Taxes on Cigarette, Alcohol Up The new excise duty for alcoholic beverages and cigarette earlier approved by President Muhammadu Buhari will take effect from Monday, June 4th, 2018 finance minister, Kemi Adeosun said. Under the new rates for tobacco, each stick of cigarette will attract one...

  The Minister of Finance, Mrs. Kemi Adeosun, stated this in an article entitled: ‘All change, Nigeria is not an oil economy’. In the article, which was made available to our correspondent on Sunday by her Media Adviser, Mr. Oluyinka Akintunde, the minister stated that the...

The Federal Inland Revenue Service said in Abuja that less than 15 million Nigerians are paying taxes. The Chairman, Joint Tax Board, Mr. Babatunde Fowler, who stated this, said that a large percentage of Nigerians were defaulting in tax remittances to the Federal Government. He spoke...