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Joint Tax Board
The federal government says it has paid N135 billion of all outstanding PAYE tax liabilities owed by Federal Ministries, Departments and Agencies (MDAs) for 14 years to various states governments.
The Federal Government has directed the Central Bank of Nigeria (CBN), Nigeria InterBank Settlement System (NIBBS), the National Identity Management Commission (NIMC), to cooperate with the Joint Tax Board (JTB) in the release of relevant individual records.
The Chairman, Joint Tax Board (JTB), Mr Tunde Fowler, said on Monday that the Internally Generated Revenue of the 36 states and FCT rose from N800 billion in 2016 to N1.16 trillion in 2018.
The National Bureau of Statistics (NBS) said the Internally Generated Revenue (IGR) of 36 states and the Federal Capital Territory (FCT) for fourth quarter of 2018 was N324.59 billion compared to N264.34 billion recorded in third quarter of the same year.
The Federal Inland Revenue Service on Thursday disclosed that the non-oil sector contributed about 54 per cent of the N5.32 trillion revenue it generated in 2018.
Latest report from the Nigerian Interbank Settlement System (NIBSS), has shown that Nigeria’s electronic payment (e-payment) services, recorded transactions worth N56.85 trillion between January and end of September, 2018.
The Manufacturers Association of Nigeria, (MAN) has expressed concern that there may be a further depreciation of the Naira due to the recent pressure on the country’s external reserve arising continuous dip in oil prices and the usual withdrawal of foreign capital due to anticipated political uncertainty.
The country’s taxpayer roll is set to hit 33 million, Chairman. This was disclosed by Mr. Tunde Fowler, Chairman, Joint Tax Board (JTB) and Executive Chairman, Federal Inland Revenue Service (FIRS) at the 142nd meeting of the JTB in Bauchi yesterday.
The Federal Inland Revenue Service on Friday said it generated N4.3 trillion as tax revenue between January and October this year.
The Federal Road Safety Commission has denied reports that it is ambushing and extorting motorists in its bid to get them to change over to new number plates.
Director General of the Nigeria Governors Forum (NGF), Asishana Okauru, has said governors have now made revenue generation top priority due to dwindling federal allocations to states.
The Nigeria Incentive-based Risk Sharing System for Agricultural Lending (NIRSAL) has vowed to tackle post-harvest losses in the agribusiness sub-sector which the Nigerian Stored Products Research Institute estimates to be $8.9 billion annually.
Mr Tunde Fowler, Executive Chairman, Federal Inland Revenue Service, on Thursday said that the agency would soon commence the audit of taxpayers across the country.
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The All-Share Index of the Nigerian Stock Exchange (NSE) on Thursday reached all time low of 27,864.49 due to sell pressure in Seplat and 18 other equities.
Nigeria have been pooled against Sierra Leone, Lesotho and Benin Republic in Group L of the 2021 Africa Cup of Nations billed for Cameroon.
The Ebonyi State Governor David Nweze Umahi has sworn in a 29-year-old photographer, Francis Nwaze, into his cabinet as his special Assistance on media/project documentation.
A Delta State High Court sitting in Warri Judicial Division presided over Justice A.A. Onojovwo, has sentenced one Victor Nwankpa to death by hanging for armed robbery.
President Muhammadu Buhari has expressed delight over the International Religious Freedom Award conferred on Imam Abubakar Abdullahi of Nigeria by the U.S. Department of State.
The Nigerian Institute of Town Planning (NITP) Lagos Chapter, has advised the state government to upgrade slums in the state to facilitate comprehensive development.
Lewis Hamilton has stretched his championship lead to 39 points, after claiming a record sixth British Grand Prix victory at a packed Silverstone.
South Africa’s former President Jacob Zuma on Monday told a corruption inquiry that he has been belittled.
Foremost African financial institution Guaranty Trust Bank plc has been named the Best Bank in Africa 2019 by Euromoney at its annual Awards for Excellence, which held in London on Wednesday, July 10, 2019 at the London Hilton Hotel, Park Lane.
The Supreme Court has struck out a suit challenging the eligibility of Governor Nyesom Wike for the last governorship election in Rivers State.