A former president of the Nigeria Bar Association (NBA) and Senior Advocate of Nigeria (SAN), Dr. Olisa Agbakoba, has urged Nigeria to deploy innovation to enable...
The chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, said on Friday the commission would go after corporate organisations evading tax in the...
The co-chair of the Bill and Melinda Gates Foundation, Bill Gates, stated yesterday that Nigeria’s tax collection rates are low, pointing out that this poses a...
Senator Seriake Dickson, the Senator representing Bayelsa West in the 10th National Assembly has kicked against plans by President Bola Ahmed Tinubu to tax foreign exchange...
Multichoice Group, the parent company of digital satellite television providers DSTV and GOTV, has landed in hot soup after the House of Representatives mandated its Committee...
The Minister of Finance and Coordinating Minister of the Economy, Olawale Edun on Tuesday, February 6, 2024 lamented that Nigeria’s tax to Gross Domestic Product (GDP)...
The Ogun State government has warned employers in the state against late filing of employees Pay As You Earn (PAYE) tax returns for the year 2023,...
At least 17 youths from Gurokayeya village in Geidam Local Government Area of Yobe State have been reportedly killed by suspected Boko Haram terrorists for refusing...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the...
Four Executive Orders delaying and suspending the start of certain taxes paid by businesses in the nation have received President Bola Tinubu’s approval. Dele Alake, the...
The Organised Private Sector (OPS) has appealed to the Federal Government to halt the implementation of proposed new taxes, stating that businesses are currently struggling to...
Three weeks after Simon Ekpa, one of the controversial leaders of the proscribed secessionist group, Indigenous People of Biafra (IPOB), spoke against the ‘taxation regime’ in...
The Minister of the Federal Capital Territory (FCT), Mallam Muhammad Musa Bello, has read out the riot act for tax violators, threatening serious sanctions including fines...
In the past couple of years, there have been increased conversations around the murky subject of betting taxes in Nigeria. As at 2020, reports were rife...
The Director-General of the Budget Office of the Federation, Ben Akabueze, on Monday urged wealthy Nigerians to pay more tax in order to enhance revenue generation...
The Federal Inland Revenue Service (FIRS) has disclosed the commencement of tax deductions at online betting transaction sites. This was announced on Wednesday in Abuja by...
The Federal Government on Monday suspended the planned introduction of excise duty on telecommunication services in the country. The Minister of Communications and Digital Economy, Isa...
This line-up of stories will help you discover the latest happenings around the tech world, today. 1. Personal income tax platform, April, secures $30m Series A...
The Kano state government has issued a two-week ultimatum to three commercial banks to pay their outstanding trade registration fees or face closure. The banks include...
Nigerian banks recorded an impressive first quarter of 2022, with 12 reporting a profit before tax of N334 billion. This was an increase of 13.7per cent...
The National Bureau of Statistics (NBS) has revealed that the federal government generated a total of N1.69 trillion as Company Income Tax (CIT) in 2021 out...
Dangote Cement Plc has sustained its position as one of the highest private sector contributor to Nigeria’s economy with a tax charge of N173.93 billion for...
The Federal Inland Revenue Service (FIRS) has revealed that over N6.405 trillion was generated from tax in the 12 months of 2021. The Executive Chairman of...
Deadline for the waiver of penalty and interest for companies yet to submit outstanding 2021 year of assessment (YOA) companies income tax (CIT) returns has been...
Claim Nigeria’s tax to GDP is amongst the lowest in the world. Tax channels are mostly multiple illegal extortions. Conclusion YES. Nigeria’s multiple tax channels do...
Nigeria has refused to join other nations to sign a historical agreement on the 15 percent taxation of multinational companies. The agreement will see corporations pay...
In order to drive the revenue generation to boost the country’s coffers, President Muhammadu Buhari has highligthed strategies being enacted by his administration towards the mandate....
The Federal Inland Revenue Service (FIRS) has been directed to tax digital transactions across Nigeria, as President Muhammadu Buhari looks to improve FG’s poor revenue generation....
Companies doing business in Nigeria paid a total sum of N864.72 billion as company income taxes in the first half of the year. This was contained...
Seplat ended the second quarter of the year on a high following a 65.8 percent rise in revenue generated during the three months of April to...
The Lagos State government on Monday shut down 16 companies for tax evasion in the state. The Director of Legal Services, Lagos Internal Revenue Service (LIRS),...
The Tax Appeal Tribunal, Abuja on Wednesday, ordered a former President of the Nigerian Bar Association (NBA), Joseph Daudu (SAN), to pay the sum of N.248.5...
The income tax paid by Dangote Cement Plc, almost doubled in the first quarter of 2021. According to the audited report obtained from Dangote cement website,...
In the last seven years, Nigeria’s company income tax has risen by 130.8 percent Ripples Nigeria analysis shows. Data from the National Bureau Of Statistics(NBS) shows...
The federal government has given Dangote Cement permission to reduce its tax by N22.32 billion for helping in the construction of some road infrastructure. The Federal...
The International Breweries has canceled dividends for its shareholders for last year after the company’s profit declined during the period. However, its revenue increased to N136.79...
Residents in Lagos State who are self-employed, employees or professionals have been asked to file their individual annual tax returns for 2021 Year of Assessment in...
In recent times, the world economy has developed tremendously and this is partly linked with activities of petty traders who are part of the informal sector,...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Friday the Federal Government has no plans to introduce new taxes or increase the...
The Benue State Internal Revenue Service (BIRS) has accused the Nigerian Army of masterminding the abduction of five of its staff members on Monday. The agency...
The Governor Yahaya Bello-led government of Kogi State has finally revealed why it imposed a tax on every loaf of bread and confectionery sold in the...
Commuters in Nigeria may have to brace up for difficult times ahead as transport fares could increase by up to 500 per cent in the coming...
Amid the COVID-19 pandemic, small businesses, hawkers, and local intra-state transport operators in Cross River State are faced with illegal and multiple taxation. When there is...
Businesses that have been severely hit by the coronavirus crisis in the country are requesting a number of palliative measures including government grants, which will cater...
Business owners, who desire to register their businesses with the Corporate Affairs Commission (CAC) will henceforth not need to obtain a Tax Identification Number (TIN) from...
The Enugu State Governor, Ifeanyi Ugwuanyi has granted tax relief and other incentives to taxpayers in the state. This decision was contained in a statement issued...
The Lagos State Internal Revenue Service (LIRS) has shifted the deadline for filing of annual tax returns in the state to 30th June, a statement from...
The Federal Government on Thursday said it would prosecute Nigerian citizens who fail to pay tax on their properties in foreign countries. The Attorney-General of the...
The new Chairman of Imo Internal Revenue Service (IIRS), Mr Remigus Okoye, has noted that there will be no place for tax defaulters in the state...
The Federal Government has unveiled its plan to expand the country’s tax to Gross Domestic Product (GDP) ratio to 17% from 6% come 2023. Muhammad Nami,...
