Home Topics Taxes

Taxes

CSOs caution government against increase of VAT to 7.2 percent

Civil Society Organizations (CSOs), under the auspices of The Tax Justice and Governance Platform, (TJGP) have called on the federal government to concentrate more efforts on ensuring the proper collection of appropriate taxes than increasing the Valued Added Tax.
Central Bank of Nigeria - CBN

Central bank orders private, public firms to pay salaries, taxes, pensions electronically

The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to dishonour instructions on the payment of salaries, pensions, and taxes of public and private companies that are not transmitted on approved electronic payment and collection platforms.

Lagos chamber urges central bank to stop N305 per dollar official exchange rate

The Lagos Chamber of Commerce and Industry has advised the Central Bank of Nigeria to discontinue the official exchange rate of N305 to one United States dollar.

Jumia reports 94 percent increase in 2019 second quarter

Jumia Technologies on Thursday announced its financial results for the second quarter ended June 30 with a 94 per cent increase in gross profit.
Nigerian National Petroleum Corporation (NNPC)

NNPC ‘not tax agency’

The Nigerian National Petroleum Corporation (NNPC) yesterday said the collection of taxes and other cash due to the Federal Government in the oil and gas industry was not its responsibility.

Governor Ambode: I’m leaving Lagos better than I met it

“We have done it to a particular stage, we have stabilized it from where we have found it and irrespective of the recession and irrespective of the slow pace of the economy, there has been significant growth in the Lagos economy which is visible.”
Zainab Ahmed

Minister: Nigeria to introduce new taxes to increase revenue

The federal government has concluded plans to increase revenue by introducing new taxes, Minister of Finance, Zainab Ahmed, told lawmakers on Wednesday.
Oluseye Oyeleye

Groups call for regional integration of South West

Mr Seye Oyeleye, Director-General, Development Agenda for Western Nigeria (DAWN) and other Pan-Yoruba groups have called on the newly elected political leaders in the South-West to make regional integration their focus.

Central bank issues new directive on payment of salaries, pension taxes

The Central Bank of Nigeria (CBN) has issued a directive for the commencement of the end-to-end electronic payment of salaries, pensions, suppliers and taxes in the country.

UTME: JAMB records N1.2 billion revenue in one week

The Joint Admissions and Matriculation Board (JAMB) has announced that it made a total sum of N1.3 billion between January 18 and 24, 2019 as revenue.
Protesters take part in an anti-government demonstration called by the Yellow Vest movement near the Hotel des Invalides in Paris on January 19, 2019. ‘Yellow vest’ protesters take to the streets on January 19 for 10th consecutive Saturday.Valery HACHE / AFP

President Macron’s debate put to test as ‘yellow vests’ stage tenth protest

France’s “yellow vests” took to the streets on Saturday for a 10th straight weekend of anti-government protests, defying attempts by President Emmanuel Macron to channel their anger into a series of town hall debates.

Forbes ranks Nigeria 110th best country for business

The magazine said it compiled the list by rating 161 countries on 15 factors: property rights, innovation, taxes, technology, corruption, infrastructure, market size, political risk, quality of life, workforce, freedom (personal, trade and monetary), red tape and investor protection.
APC Nigeria Supporters

Ayodele Fayose’s former appointees dump PDP, join APC

No fewer than 500 political appointees and elected officials under the first and second term of the immediate past governor of Ekiti State, Mr. Ayodele Fayose, on Tuesday defected to the All Progressives Congress (APC) in Ado Ekiti.

Yemi Osinbajo heads to Berlin, to address German business community on Monday

Vice President Yemi Osinbajo to address a group of notable German business leaders in Berlin, Germany, on Monday

Kaduna, Kano drag federal government agencies to tribunal over unremitted taxes

Kaduna and Kano State governments through their Boards of Internal Revenue have taken some federal government agencies to the North West Zone of the Tax Appeal Tribunal.

Turkish Airlines surpasses $1 billion profit mark in 9 months

Despite the increasing fuel prices due to its increasing demand and unit revenues, Turkish Airlines posted profit from main operations of USD 1 billion 149 million, in the first 9 months of 2018.
MUHAMMADU BUHARI 4

Executive Order: Muhammadu Buhari tightens tax, money laundering rules

The Muhammadu Buhari administration is stepping up the regulations on money laundering and tax evasion by releasing a new Executive Order number eight, tagged Voluntary Offshore Assets Regularization Scheme (VOARS).
President Buhari receives in Courtesy visit H.E. Thabo Mbeki Chairperson AU High Level Panel on Illicit Financial Flows from Africa in State House on 4th Oct 2018 1

Thabo Mbeki: Africa loses $80 billion to illicit financial outflow

Chairman, African Union High Level Panel on Illicit Financial Flow (IFF) from Africa, Mr. Thabo Mbeki, yesterday lamented that the continent loses about $80 billion annually to illicit financial out-flows and called for a united response to put an end to it.

Recent Stories

[FILES] This aerial picture shows smouldering peatland after a fire blaize. (Photo by ADEK BERRY - AFP)

Gabon to be first African nation paid to fight deforestation

Gabon will become the first African country paid with international funds to preserve its forests in an effort to fight climate change, the United Nations said Sunday.
Ogun state governor Prince Dapo Abiodun has tweeted his real official portrait, as against the image that is being circulated by street traders in Abeokuta, the capital.

Ogun may establish two additional universities

The Ogun State Government has revealed that it may establish two additional universities to address the agitation of the people of the Central and Western Senatorial districts respectively.

Kogi Speaker receives defectors into APC

The Speaker of Kogi State House Assembly, Hon. Mathew Kolawole, has formally received some members of the opposition parties who recently defected to the ruling All Progressives Congress (APC).

‘Yahoo boy’ runs mad, strips self naked in Ekiti

There was drama on a major highway in Ado Ekiti, the Ekiti State capital, when a young man suspected to be an Internet fraudster ran mad in full public glare on Sunday evening.

Bandits release 30 more captives in Zamfara

The peace efforts initiated by the Zamfara government have continued to yield more fruits with 30 additional captives released by bandits on Sunday, after eight months in captivity.