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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.
The Federation of Construction Industry has said that over N36bn Withholding Tax credit belonging to its members is pending with the Federal Inland Revenue Service.
The House of Representatives on Wednesday resolved to investigate the allegations that Ministries, Departments and Agencies (MDAs) of government owe ₦115 Billion tax liabilities.
The Ogun State government has asked the Federal Government to accord it the deserved recognition regarding the state of Value Added Tax being generated in the state compared to other states.
Protest on Sunday rocked Yenagoa, Bayelsa State capital, over the death of two brothers at Agudama area while trying to cross the flooded Epie Creek that stretched from Igbogene to Yenagoa.
Shanghai Shenhua forward Odion Ighalo has scored his first goal in the Chinese Super League since May when he left to represent Nigeria at 2019 Africa Cup of Nations.
Some leaders from the Kogi West Senatorial district have declared supporting Governor Yahaya Bello’s second term bid will better position the zone for the governorship position in 2023.
The Minister of Information and Culture, Alhaji Lai Mohammed, says no amount of attacks, sponsored or otherwise, will stop the implementation of approved recommendations on reform of broadcasting code.
Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, yesterday, allayed fears on speculations of alleged insolvency in about seven banks following their failure to scale through a recent stressed conducted by industry regulators.
The Kaduna State Police Command, said the Police Academy Wudil will begin the screening of candidates for the 7th Regular Course on Oct. 24.
Mr Christopher Isiguzo, National President of NUJ, stated this in Makurdi at an interactive session with members of the union in the state, to appreciate members for electing him and also know their challenges.
The candidate of the All Progressives Congress during the 2019 governorship and rerun elections in Sokoto State, Ahmed Aliyu, and the party, on Wednesday, filed a Notice of Appeal over the judgement of the governorship tribunal.
The All Progressives Congress (APC) in Kogi State has dismissed former Senate President Dr. Bukola Saraki as not possessing enough influence to save the People’s Democratic Party (PDP) in the state.
There is no confirmation as to what Bayern actually want to pay for Coutinho, but the fee is rumoured to be in the region of €90m – which would still be a club record for the Bundesliga champions.