Home Topics Taxation

Taxation

Economist tasks federal government on transparency in revenue generation

An economist, Prof. Ndubuisi Nwokoma, has called on the Federal Government to ensure transparency in revenue generation toward boosting revenue and reducing borrowings.

FIRS: Revenue collection hits N4.3 trillion

Federal Inland Revenue Service, FIRS, yesterday disclosed that it had recorded a remarkable performance in terms of revenue collection this year, adding that, as at October 31st, it recorded a collection of N4.3 trillion.

Tunde Fowler: FIRS generates N4.3 trillion tax revenue from January to October

The Federal Inland Revenue Service on Friday said it generated N4.3 trillion as tax revenue between January and October this year.

Over-pricing hampers tax assessment on properties

Many properties in Nigeria are inflated in terms of pricing, making it difficult for proper tax assessment.
Zainab Ahmed

Nigeria expresses support for regional common tariff, customs union

The federal government has assured ministers of member countries of the Economic Community of West African States (ECOWAS) of Nigeria’s support for regional common tariff and customs union towards trade liberalisation, industrialisation and integration.

Prince Fafowora: Lagos residents shouldn’t pay for refuse disposal

Prince Olumuyiwa Fafowora, the governorship candidate of the African Democratic Congress (ADC) in Lagos State is worried about the filthy state of Lagos streets, saying private residents should not be taxed for refuse disposal.

NCC licences 6 infrastructure coys to deploy broadband services

The Nigerian Telecommunications Commission (NCC) has licensed six infrastructure companies(infraco) for the deployment of broadband fiber across the 774 Local Government Areas of the country.
ANAN Shehu Ladan

ANAN seeks improved tax collection, integrated reporting

The President of the Association of National Accountants of Nigeria (ANAN), Alhaji Shehu Ladan, has urged newly-inducted fellows of the association to lead the campaign against corruption and uphold the highest level of ideals, values and integrity of the profession.

Babatunde Fowler urges developing countries to grow VAT, digital economy earnings

Chairman of the Federal Inland Revenue Service, Mr. Babatunde Fowler, has advised developing countries to grow Value Added Tax (VAT) and tax revenue from the digital economy to lessen dependence on revenue from natural resources.

Federal government uncovers 114 companies in property fraud

The Federal Government has uncovered 114 companies neck deep in shady land deals, even as it raked in N1.173 billion in tax revenues from January till date.

Central bank, bankers’ committee to disburse N26 billion to agribusiness

The president of National Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Iyalode Alaba Lawson, has disclosed that the Central Bank of Nigeria is in the process of disbursing N26 billion to support agribusiness entrepreneurs.The president of National Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) Iyalode Alaba Lawson has disclosed that the Central Bank of Nigeria is in the process of disbursing N26 billion to support agribusiness entrepreneurs.

FCT community pharmacists decry double taxation by govt

The Association of Community Pharmacists of Nigeria (ACPN) has condemned what it called double taxation of its members by some government authorities in the Federal Capital Territory (FCT).

2019: Governor Wike financially reckless, must be kicked out of Rivers – Dakuku Peterside

Ahead of 2019 General elections in Rivers State, Dr Dakuku Peterside, the Director General of Nigerian Maritime and Safety Agency, NIMASA, and the former governorship candidate of All Progressive Congress, APC, has vowed that no matter the seeming crisis in party in the state one goals that all members party have resolved is that the Governor Nyesom Wike must be kicked out from office in the 2019 general election.
Governor David Nweze Umahi

Governor Umahi recalls sacked commissioner

Ebonyi State Governor, Chief David Umahi, has recalled the former Commissioner for Agriculture, Moses Ogodoali, who he relieved of his appointment about four months ago for alleged misconduct.

NECA urges federal government to compel banks to stop stamp duty deductions

The Nigeria Employers’ Consultative Association (NECA) has again called on the Federal Government to compel commercial banks to discontinue the deduction of N50 as stamp duties from the accounts of customers.
Britain's Prime Minister Theresa May reacts during her meeting with the Emir of Qatar, Sheikh Tamim Bin Hamad al-Thani, at 10 Downing Street in London on July 24, 2018. / AFP PHOTO / POOL / Matt Dunham

Theresa May’s Brexit blueprint shot down by Brussels

British Prime Minister Theresa May faces being hobbled by the EU's rejection of key planks of her departure plan, stoking fears of a hard Brexit as calls grow for a second referendum.

NACCIMA urges President Buhari to sign AfCTFA

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has called on the Federal Government to immediately sign the Africa Continental Free Trade Area Agreement (AfCTFA) to make the economy more competitive.

Governor Amosun: Federal government owes Ogun N195 billion on construction of trunk ‘A’ roads

Ogun State Governor, Senator Ibikunle Amosun, has disclosed that the federal government was indebted to the state government to the tune of a whopping sum of N195 billion spent to rehabilitate some of the trunk ‘A’ roads spread across the state.

Recent Stories

Logo of the World Health Organization [WHO]

Death toll from DRC cholera outbreak at 857

A cholera epidemic in the Democratic Republic of Congo has claimed 857 lives since the start of the year, the World Health Organisation (WHO) said Wednesday.
Saudi Arabia has launched a high-speed railway connecting Islam’s two holiest cities in a bid to improve traffic congestion for the millions of Muslim pilgrims that visit the country annually. Reuters

Lagos-Abuja 45 minutes rail transport begins soon

Skyway String Transport Technology, a private firm, says its fast light rail service can move passengers from Lagos to Abuja in about 45 minutes.

Maikanti Baru lauds Saudi Arabia for crude oil output cut

The Nigerian National Petroleum Corporation (NNPC), Group Managing Director, Dr. Maikanti Baru, has commended Saudi Arabia’s recent decision to announce daily crude oil production cut by one million barrels per day from December this year.

Childless couple split after 25 years over husband’s stealing habit

A Badagry Magistrates’ Court in Lagos State, on Thursday, granted a petition filed by a housewife, Yinka Adewole, seeking the dissolution of her 25-year-old marriage over her husband, Temitope’s alleged stealing habit.

Court dismisses suit against Ajaokuta local council

The National Industrial Court, Abuja, on Thursday dismissed a suit filed by a former staff, Stephen Onwujekwe, against Ajaokuta Local Government Area Council for failure of the claimant to file the suit within the three months stipulated period.