Tax Now Highest Revenue Source To Federation – FG
The Federal Government has tasked tax professionals with putting more effort to increase tax collection, emphasising that this is now the federation's largest source of income.
This was revealed by Accountant-General of the Federation, Oluwatoyin Madein on Tuesday during the 26th Annual Tax Conference of the Chartered Institute of Taxation of Nigeria in Abuja, which had as its theme: Sustainable Tax Culture and Economic Roadmap for Nation Building.
The government pointed out that based on the current high revenue from taxes, members...
Remove Petrol, Electricity Subsidies After Taming Inflation, IMF Tells FG
The International Monetary Fund (IMF) has urged the Federal Government to remove the fuel and electricity subsidies when the rising inflation has been addressed.
The...
Suspend Implementation of Cybersecurity Levy, Tinubu Orders CBN
President Bola Tinubu has asked the Central Bank of Nigeria to suspend the implementation of the controversial cybersecurity levy policy and ordered a review.
This followed...
FCMB and U.S. Government Partner to Disburse $10 Million Loans Across Nigeria
The United States government has forged a partnership with First City Monument Bank (FCMB) to facilitate $10 million in loans across Nigeria’s health and...
EFCC Halts Dollar Transactions, asks Embassies To Charge in Naira
The Economic and Financial Crimes Commission has read the Riot Act to foreign missions based in Nigeria, banning them from transacting in foreign currencies,...
More Woes For Nigerians As Tax Committee Recommends VAT Hike
A revision to the Value Added Tax (VAT) has been suggested by the Presidential Committee on Fiscal Policy and Tax Reforms.
In addition, committee chairman Taiwo Oyedele proposed that the methodology for VAT revenue-sharing be examined.
He spoke at a policy exposure and impact assessment session organised by the committee.Oyedele however allayed fears over the impending review, saying it...
CBN Orders Registration of 1.9 million POS Operators
According to information obtained by GTN, Point of Sale companies have been given a two-month deadline by the Federal Government's Corporate Affairs Commission to...
SERAP Gives Tinubu 48 Hours To Withdraw CBN Directive On Cybersecurity Levy
In an urgent Appeal to President Bola Tinubu, the Socio-Economic Rights and Accountability Project (SERAP) has urged the president to use his “good offices”...
Nigeria Joins Afreximbank’s FEDA To Strengthen African Export Dev’t
In an effort to boost African export development, Nigeria has officially become a member of the Fund for Export Development in Africa (FEDA). This...
Govt’s Huge Purchases For Palliatives, Major Contributor to Food Inflation – Cardoso
Olayemi Cardoso, governor of the Central Bank of Nigeria, has identified the government's large purchases of food as a contributor to the country's galloping...
