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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.
The Senate Committee on Finance is to invite the Minister of Finance, Zainab Ahmed, and the Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler to throw more light on the reasons for the proposed increase of Value Added Tax (VAT) from current 5 per cent to 7.2 per cent.
Some financial experts on Thursday said that Value Added Tax (VAT) increment by the Federal Government would further dampen purchasing power of Nigerians.
The Nigeria Employers’ Consultative Association has said the implementation of the 7.2 per cent Value Added Tax approved by the Federal Executive Council will make nonsense of the recent increase in minimum wage.
Nigerians should gird their loins in expectation of further price hikes in prices of general services and commodities in just a few days from now.
The Nigerian Government has generated the sum of N311.94 billion from Value Added Tax (VAT) in the second quarter of 2019.
The Federal Inland Revenue Service (FIRS) says it will begin to impose Value Added Tax (VAT) on online transactions, both domestic and international, with effective from January 2020.
African nations are targeting to invest $1 trillion over the next 10 years to bridge the worrisome infrastructure gap on the continent.
The Federal Government, states and local governments shared N769.52 billion as federal allocation for the month of July.
The Tax Appeal Tribunal sitting in Abuja on Friday, gave permission to the counsel to Mr Joe Daudu, SAN, to tender documents from the bar, in order to avoid further delay in the matter.
All is not rosy between Kogi state governor, Yahaya Bello, and deputy governor, Simon Achuba. Ahead of the November 16 governorship election in the state, Mr. Achuba has chosen to come out of his shell to let the world know how terrible things have been for the North-Central state in the past four years.
Nigeria’s tax system is fraught with crippling challenges of weak enforcement, corruption, and outright evasion. This is costing the country losses amounting to billions of naira, both locally and internationally, said Oxfam, an international development organisation.
“It is understandable to say that the office of the First Lady has nothing to do with the epileptic supply of electricity to students’ environment,” a statement by the NYCN read, “but it would have been wise and safer if she had taken time to address and appease the agitating students.”
Minister of Power Alhaji Sale Mamman says that the Buhari administration is determined to provide and ensure that Nigerian universities enjoy reliable and uninterrupted power supply throughout the academic calendar.
A 34-year-old man identified as Innocent Ifunayachi has been arrested by the Lagos police for allegedly raping a 14-year-old girl after putting drug in her food.
The Edo Government has said that only 30,000 Certificate of Occupancy (CofOs), were issued by it in 50 years, which includes the period of Midwest State, Bendel State and the present Edo.
Tunisian giants, Esperance, will today know if their ‘victory’ over Wydad Athletic Club of Morocco on May 31 ‘controversial’ CAF Champions League final will be upheld or upturned by the Appeals Board led by Nigeria’s Abdulhakeem Mustapha (SAN).
Mark Schwarzer has warned David de Gea that Manchester United may choose to let him go if they decide his value is less than what he's asking for in the ongoing contract negotiations.
Bale has scored three goals in three games for Real Madrid this season. He is expected to stay out of action when Los Blancos host Levante at the Santiago Bernabeu in their next La Liga game due to suspension, after he was shown a red card in their last time out.
Popular musician, Johnson Oyindamola, popularly known as Dammy Krane, is set to be arraigned by the police on Monday.
Justice Mojisola Dada of the Lagos State High Court sitting in Ikeja, has convicted one Lawrence Maduagwu to 10 years imprisonment for $179,000 fraud.
The Tadawul All-Shares Index, which tracks the Arab world’s largest capital market, sank three per cent, shedding some 200 points in the first few minutes before regaining some of the losses.