Value Added Tax
NBS: Nigeria earned N275 billion from VAT in Q3
The country earned a total of N275.12 billion from Value Added Tax in the third quarter of this year, figures released by the National Bureau of Statistics have revealed.
Why federal government plans to ban consumer ownership of gas cylinders – official
The Federal Government’s plan to ban consumer ownership of Liquefied Petroleum Gas (LPG) cylinders is aimed at enhancing safety and deepening cooking gas penetration in the country, an official said on Tuesday.
Labour, OPS slam senate, federal government over finance bill
Nigeria’s Senate decision to approve 56 amendments in Finance Bill, an executive bill submitted by President Muhammadu Buhari, seeking an approval to raise tax rates payable by consumers and business entities to augment Federal Government’s declining cashflow, last week opened another pandora box of debate as to the fate of ordinary citizens when it eventually gets signed into law by the president in the days and weeks ahead.
Senate approves 7.5% VAT increase
The Senate passed the 56 amendments on the 2019 Finance Bill but some senators kicked against the increase in VAT during the presentation and consideration of the report of the Senate Committee on Finance.
Senate passes VAT increase bill
President Muhammadu Buhari on October 8 presented the Finance Bill to a joint session of the National Assembly for consideration and passage into law.
Federal government, states, local councils share N702.058 billion for October
The Federal government, States and Local government Councils on Wednesday shared a total of N702.058 billion to the three tiers of government for the month of October 2019.
FEC approves N5.72 billion for NDIC projects, 12 consultancy services
The Federal Executive Council (FEC) has approved N5.72 billion for the construction of Nigeria Deposit Insurance Corporation’s (NDIC) zonal office in Bauchi and for 12 consultancy services for development of NDIC’s offices.
Tax assessment: Court fixes January 30 for MTN’s suit against AGF
A Federal High Court Lagos on Tuesday further adjourned hearing until Jan. 30 and Jan. 31, 2020, a suit filed by MTN Nigeria Communication Ltd, against the Attorney General of the Federation, over alleged N242 billion and 1.3 billion dollars import duties and withholding tax assessments.
ActionAid wants Senate or House of Reps scrapped to reduce high cost of governance
In order to reduce the high cost of governance involved in bi-cameral legislature, ActionAid Nigeria has called for the scrapping of the Senate or the House of Representatives.
ActionAid advises federal government on 2020 budget, VAT, sexual harassment, others
A non-governmental and non-partisan organization, ActionAid Nigeria, AAN, Sunday, advised the Federal Government on the proposed 2020 Budget Appropriation Bill, Value Added Tax, VAT, Sexual Harassment in Tertiary Education Institution Prohibition Bill, and other national issues.
PDP caucus cautions House of Reps on 2020 budget
Members of the main opposition Peoples Democratic Party (PDP) in the House of Representatives at the weekend cautioned that the House should not rubberstamp the N10.33 trillion 2020 budget.
Guinness: VAT increase’ll impact manufacturers negatively
Chairman of Guinness Nigeria Plc, Mr. Babatunde Savage, has expressed concern over the proposed increased in Value Added Tax, VAT, rate, stating that it would negatively impact manufacturing firms in the country, increase the cost of doing business and further reduce the disposable income of Nigerians.
Federal government fails to meet economic recovery targets – report
Macro-economic targets set out by the Federal Government in the Economic Recovery and Growth Plan have been underachieved, a report released by the Centre for Democracy and Development has said.
APC urges federal government to withhold Bayelsa’s N7 billion VAT refund
The All Progressives Congress (APC) has appealed to the Federal Government to withhold a N7billion Value Added Tax (VAT) refund to the Bayelsa State Government for people’s sake.
Minister predicts significant drop in food prices
A statement issued yesterday from the minister’s office, explained that he made these comments when he hosted a United Nations Industrial Development Organisation (UNIDO) delegation led by the Representative to the Economic Communities of West African States (ECOWAS) and Regional Director, Nigeria Regional Hub, Mr. Jean Bakole.
Federal government, states, local councils share N693.529 billion for September
The Federal Government, 36 states and the Federal Capital Territory and 774 local government areas shared N693.529 billion as of September allocation disbursed by the Federation Account Allocation Committee (FAAC).
We will not reach 80% revenue performance for 2019 – minister
Mrs Zainab Ahmed, the Minister of Finance, Budget and National Planning, says the nation will not be able to reach 80 per cent revenue performance for 2019.
Senators: 2020 budget projections unrealistic
Some senators, yesterday, dismissed projections of President Muhammadu Buhari’s N10.33 trillion 2020 budget proposal as unrealistic.
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Former Edo attorney-general urges National Assembly to repeal DSS law
Former Edo state Attorney-General and Commissioner for Justice, Barr. Osagie Obayuwana, has urged the National Assembly to repeal the law setting up the Department of State Services (DSS), saying it has outlived its usefulness.
Ondo lawmaker decries DSS court room invasion
A senator representing Ondo South Senatorial District, Nicholas Tofowomo, on Saturday condemned the re-arrest of Omoyele Sowore by the personnel of the Department of State Services (DSS) inside the courtroom on Friday where Justice Ijeoma Ojukwu was presiding.
Police nab man for allegedly killing neighbour in Niger
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Federal government files appeal against $9.6 billion P&ID judgement
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South Africans emerge winners of Remo marathon
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Ondo lawmaker decries DSS court room invasion
A senator representing Ondo South Senatorial District, Nicholas Tofowomo, on Saturday condemned the re-arrest of Omoyele Sowore by the personnel of the Department of State Services (DSS) inside the courtroom on Friday where Justice Ijeoma Ojukwu was presiding.
FAAN seeks review of service tariffs
The Federal Airport Authority of Nigeria (FAAN) is seeking the review of its service rates and tariff to reflect current economic realities.
Hike in fees: Ondo university gives loans to indigent students
In a bid to cushion the effect of upward review in fees at Adekunle Ajasin University, Akungba Akoko, AAUA, Ondo State, the school authorities recently gave loans to indigent students of the institution.
PDP: Invasion of court by DSS confirms Nigeria sliding into dictatorship
The Peoples Democratic Party has said the furious invasion of the sanctity of the Federal High Court by the Department of State Services further confirms that Nigeria, under the Buhari Presidency, is finally sliding into a frightening dictatorship.
Facebook’s new tool lets users transfer pictures to Google Photos
Facebook is releasing a new tool today that will allow its users to transfer photos directly to Google Photos. The tool is being released initially in Ireland, and will be available worldwide in the first half of 2020.