The Minister for Finance and Coordinating Minister of the Economy, Wale Edun says that Federal Government’s revenue for the first quarter of 2024 has increased to N9.1 trillion. According to Edun, this is more than double in the same period…
By Seun Ibiyemi In a bid to cushion the effect of the planned protest by Nigeria citizens, to fight against inflationary trend, the Federal Government, through the Nigeria Customs Service (NCS), has suspended import duties and taxes on some items…
The Chairman of Nigeria’s Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele believes Nigeria can significantly boost its revenue without imposing new taxes. Instead, he advocates for better tax administration and the use of technology to close the estimated…
By Austine Emmanuel, Kaduna Arewa Consultative Forum, (ACF) has decried the addition of new taxes and levies on essential goods and services, saying it has become increasingly burdensome and too heavy for ordinary Nigerians to bear. This is as the…
The Federal Competition and Consumer Protection Commission has released findings from a comprehensive investigation into the factors contributing to the relentless increase in consumer costs. The Director of Surveillance and Investigation Mrs B. A. Adeyinka, said this while briefing journalists…
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has disclosed that the federal government will end payment of taxes in dollars in Nigeria. Oyedele said Nigerian companies or individuals who do businesses in naira…
The Manufacturers Association of Nigeria (MAN) has raised the alarm over the burden of multiple taxes, being faced by its members, and appealed to the government at all levels for a relief. It also called on the government to fix…
The Federal Government says it has no plans to increase taxes or add to the burdens of the country’s tax paying citizens. The Chairperson, Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, said this on Tuesday while…
Customs: Nigeria, Benin Republic address multiple taxes on transit cargoes By Seun Ibiyemi The Nigeria Customs Service (NCS) and the Benin Republic counterpart on Monday agreed to address the multiple taxes on transit cargoes along the ECOWAS corridor. They also…
The Minister of Finance, Mrs Zainab Ahmed says there might be introduction of new tariffs and levies in 2022 as the economy is now on a recovery path. Ahmed made this known while addressing stakeholders at a public hearing on…
