FAAC: FG, States LGCs Share N616.886 bn for April 2021. The Federation Accounts Allocation Committee (FAAC), at its meeting through Virtual Conference shared a total sum of N616.886 billion to the three tiers of government, as federation allocation for the month of April, 2021. From this stated...

Nigeria Earned N496bn From VAT In Three Months — NBS       The federal government’s Value Added Tax (VAT) collections rose to N496.39 billion in the first quarter of 2021 from the N454.69bn realised in the fourth quarter of 2020, according to the National Bureau of Statistics...

Dangote Cement To Pay N40bn Tax In Q1, 2021       Dangote Cement Plc is expected to pay N40.39 billion in taxation to the nation’s treasury from its operational result in the first quarter of 2021, the company said yesterday. In a statement, the cement manufacturer cited its...

Reps Increase Customs’ Revenue Target To N1.6trn         The House of Representatives yesterday increased the revenue target of the Nigeria Customs Service (NCS) from N1.4 trillion to N1.6 trillion as expected revenue for the 2021 fiscal year. The House also approved about N257, 183, 671, 694. 71...

FAAC Shares N601.110bn Nov 2020 Revenue to FG, States and LGs The Federation Accounts Allocation Committee (FAAC) has shared a total of N601.110 billion November 2020 federation account revenue to the Federal, States and Local Government Councils and agencies. This was announced after the Federation Account Allocation Committee...

Insecurity, Others Push Up Inflation To 14.9%         There are indications that the rising insecurity, border closure, increases in Value Added Tax (VAT), pump price of fuel, electricity tariffs and exchange rates have combined to further pressure headline inflation rate to 14.9 percent in November, 2020. This...