CITN Decries Corruption In Tax Administration In Nigeria       The Charted Institute of Taxation of Nigeria, CITN, has attributed the low tax culture among taxable adults and businesses in Nigeria to lack of accountability and transparency in the expenditure of tax money by tiers of government. Making...

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...

Customs Generate N466.1bn Revenue In Q1,2021       The Nigeria Customs Service (NCS) has generated N466.1 billion revenue in the first quarter (Q1) of 2021. The statistics obtained from the office of the Public Relations Officer of the service, Mr Joseph Attah, yesterday, showed that the revenue was...

Fed Govt Recorded N485.51bn Fiscal Deficit In January – CBN       The Federal Government recorded N485.51bn fiscal deficit in January, statistics obtained from the Central Bank of Nigeria have shown. to the monthly economic report for January released by the CBN on Friday, the low revenue performance...

FG Okays N14.55bn Operational Vehicles, Boats For Customs   The Federal Government on Wednesday approved the purchase of 427 operational vehicles worth N14.55bn for the Nigerian Customs Service. This was one of the decisions reached at the weekly meeting of the Federal Executive Council presided over by...