NIGERIANS COMPLAIN ABOUT THE CONSEQUENCES OF 7.5% VAT ON PETROL PRICES.
Nigerians have begun to protest the consequences of the 7.5% Value-Added Tax on the price of premium motor spirit, also known as petrol. This comes just a month after President…
SOUTHERN GOVS MEET IN PORT HARCOURT
The agenda for the meeting is yet unknown, as Governors under the aegis of the Southern Governors’ Forum are currently meeting in Port Harcourt, the Rivers State capital. Governor Nyesom…
2023: AFENIFERE REFUTES NORTHERN GOVS AS NIGERIA’S NEXT PRESIDENT
Prior to the opinions of the Northerners governors the Yoruba socio-political organisation, Afenifere has insisted that Nigeria’s next President should come from the Southern part of the country. The Northern…
BATTLE FOR VAT: INM URGE IGBO GOVERNORS TO REJECT FG’S VAT COLLECTION
On Friday, The Igbo National Movement, INM has called Southeast Governors to reject the collection of the Value Added Tax, VAT, by the Federal Government of Nigeria. The National…
BREAKING: SANWO-OLU SIGNS VAT BILL
Lagos State Governor, Mr Babajide Sanwo-Olu, has signed into law the state Value Added Tax Bill. This was disclosed in a statement on Friday, by the state Commissioner for Information…
IT’S WAKE UP CALL TO AREWA LEADERS – GANDUJE’S EX-AIDE BACKS WIKE ON VAT
Salihu Tanko Yakasai, former aide to Kano Governor, Abdullahi Ganduje, has braced VAT on payment of tax to the state government. Wike had directed the Rivers State’s Internal Revenue Service…
Customs Service Makes N466.1bn Revenue In Q1
The Nigeria Customs Service (NCS) has generated N466.1 billion in revenue in the first quarter of 2021. The statistics obtained by the News Agency of Nigeria (NAN) from the office…
2020: Nigeria Makes N2.9tn From VAT, CIT
Nigeria generated a total of N2.94 trillion in income from value-added tax (VAT) and company income tax (CIT) last year, data released by the National Bureau of Statistics (NBS), have…
Nigeria Earned N275bn From Value Added Tax in third quarter of 2019
Nigeria has earned a total of N275.12 billion from Value Added Tax in the third quarter of this year, this figure was released by the National Bureau of Statistics. The…
Finance Bill: Reps Pass VAT Increment Proposal, Others For Second Reading
The House of Representatives has passed for second reading, the Finance Act (Amendment) Bill, a component of which seeks to increase the Value Added Tax from 5 per cent to 7.5 per…
