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The Senate has mandated its Committees on Banking, Insurance and Financial Institutions, and Finance to investigate withholding tax revenues on both bank deposits and dividends.
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.
The thirty-six State Governors under the aegis of Nigeria Governors Forum (NGF), have converged in Abuja for a marathon meeting to review deductions being made from states accounts following bailout funds of N614 billion given to them by the federal government.
Following a fresh claim by PriceWaterhouse Coopers (PwC) that the electricity distribution companies (DisCos) have not paid tax to the Federal Government(FG) since privatization of the power sector in 2013, the 10 DisCos have faulted the claim.
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.
The Revenue Mobilisation Allocation and Fiscal Commission on Sunday said there was no going back on the on-going probing of Money Deposit Banks to ascertain the amount of money they collected on behalf of revenue generating agencies of the government.
A new report has disclosed that the federal government, 36 states and the 774 local government councils in Nigeria shared a total sum of N8 trillion from the Federation Account in 2018 in spite of the shut-ins in several oil installations during the period.
MTN Nigeria is seeking N3 billion in damages and legal costs from the federal government.
A Federal High Court, Lagos, will on Dec. 3 hear a suit by MTN Nigeria Communication Ltd against the Attorney General of the Federation challenging the legality of N242 billion and 1.3 billion dollars import duties and withholding tax assessment.
Participants at the just concluded 48th Annual Accountant Conference in Abuja have called on the Federal Inland Revenue Service (FIRS) to sanction all the Federal Government Ministries, Departments and Agencies (MDAs) that fail to remit their taxes to serve as a deterrent to others.
The Federal Inland Revenue Service (FIRS) has demanded evidence that General Electric International Operations Nigeria Ltd remitted the excessive tax it withheld from Arco Group Plc, a Nigerian oil servicing company, for nine years.
Barring any last minute change, the operatives of the Economic and Financial Crimes Commission, EFCC, are set to arrest some senior staff of the Joint Matriculations Board, JAMB, who have been fingered in the disappearance of over N8 billion revenue.
The federal government has ordered vendors of Ministries, Departments and Agencies (MDAs) to display their Tax Identification Numbers (TINs) on their invoices before payments are effected by the MDAs.
The Nigeria Extractive Industries Transparency Initiative (NEITI} says Nigeria lost N60.99 billion 2.27 billion dollars and to the Offshore Processing Arrangement (OPA) and crude for product swap arrangement, valuation issues, crude oil and petroleum products losses.
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Contractors under the aegis of Concerned Unpaid 2018 Contractors have staged a protest at the Ministry of Agriculture and Rural Development over unpaid liabilities by the ministry valued at N17 billion.
A front line aspirant in the Edo State Governorship Race, Pastor Osagie Ize Iyamu, on Wednesday obtained the nomination form of the All Progressives Congress (APC), in Abuja.
Five patients have died of coronavirus-related complications in Lagos State.
After a lockdown of more than two months, Tunisia on Tuesday conditionally reopened cafes and restaurants as part of its partial lifting of the anti-coronavirus restrictions.
Twitter issued a fact check of some of Donald Trump’s tweets on Tuesday, marking the first time the U.S. president’s favoured social media platform has pushed back against him spreading falsehoods.
Mrs Aramide Adeyoye, Special Adviser to Gov. Babajide Sanwo-Olu on Works and Infrastructure, says his administration will make the Lagos 4th Mainland Bridge a reality.
The Federal Road Safety Corps (FRSC) on Saturday rescued a pregnant woman, struggling to drive herself to hospital amid agony of labour pains.
Against the backdrop of e-learning adopted by some schools, occasioned by the COVID-19 pandemic and the attendant closure of schools, some parents and pupils on Thursday appraised the effectiveness of e-learning.
Fire has razed the popular Burutu Market in Delta State, destroying properties worth millions of naira.
The Chief of Air Staff, Air Marshal Abubakar Sadiq, has renewed the loyalty and support of the Nigerian Air Force to the Commander-In-Chief of the Nigeria Armed Forces, President Muhammadu Buhari.