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Month: October 2021

Report Shows Waiver to Multinationals Costs Nigeria $2.9bn yearly
General

Report Shows Waiver to Multinationals Costs Nigeria $2.9bn yearly

The Civil Society Legislative Advocacy Centre, CISLAC has released a report that further shows that illicit financial flow is fast becoming a major defect of the Nigerian tax system.

October 29, 2021October 29, 2021By Amosu Jeremiah3 mins read
Average Transportation Paid by Commuters in Nigeria Rises 40.56% in 1 Year
Feature

Average Transportation Paid by Commuters in Nigeria Rises 40.56% in 1 Year

The rise in transportation fare according to the NBS is across the nation.

October 29, 2021October 31, 2021By Amosu Jeremiah2 mins read
e-Naira Launches With 90 Days Free Transaction
General

e-Naira Launches With 90 Days Free Transaction

All transactions with the newly launched digital currency will now go for free in the next 3 months.

October 25, 2021October 25, 2021By Amosu Jeremiah2 mins read
Finally, CBN’s e-Naira is to Officially Launch on Monday
General

Finally, CBN’s e-Naira is to Officially Launch on Monday

The stage is set for Nigeria first official digital currency

October 23, 2021October 23, 2021By Amosu Jeremiah3 mins read
FIRS Gives Strategy on Capturing the Informal Sector into Tax Net
FIRS

FIRS Gives Strategy on Capturing the Informal Sector into Tax Net

In a bid to capture the informal sector into the tax net, the FIRS has proposed the introduction of road tax

October 22, 2021October 22, 2021By Amosu Jeremiah5 mins read
See CITN’s Diagnoses of Issues Plaguing Nigeria’s Tax System
General

See CITN’s Diagnoses of Issues Plaguing Nigeria’s Tax System

CITN points attention to poor tax compliance on obsolete legislation, poor database as limiting factors against the efficacy of the tax administration

October 22, 2021October 22, 2021By Amosu Jeremiah2 mins read
FG Loses ₦5.16tn to Different Tax Reliefs in 2020
Company Income Tax, General, VAT

FG Loses ₦5.16tn to Different Tax Reliefs in 2020

The loss on these reliefs are from Value Added Tax, Corporate Income Tax, and Petroleum Profit Tax

October 19, 2021October 19, 2021By Amosu Jeremiah3 mins read
Contrary to Finance Act 2020, Airline Operators Laments Continuous Collection of VAT on Imported Items
Feature, VAT

Contrary to Finance Act 2020, Airline Operators Laments Continuous Collection of VAT on Imported Items

The aviation sector under the aegis of Airline Operators of Nigeria, AON has registered displeasure over the Nigerian Customs Services still collecting charges like VAT on imported aircraft and spare parts against the provisions of Finance Act 2020

October 15, 2021October 15, 2021By Amosu Jeremiah3 mins read
CITN’s Report Shows FG Generated ₦127.04bn From Stamp Duty Between 2015 and Mid 2020
General

CITN’s Report Shows FG Generated ₦127.04bn From Stamp Duty Between 2015 and Mid 2020

Stamp duty continues to show its revenue-generating potentials

October 15, 2021October 15, 2021By Amosu Jeremiah3 mins read
Nigeria Missing as 24 Low-Income Countries Gets Debt Relief
Feature

Nigeria Missing as 24 Low-Income Countries Gets Debt Relief

Despite the country’s huge debt profile, IMF’s fourth round of debt relief didn’t include Nigeria

October 15, 2021October 15, 2021By Amosu Jeremiah2 mins read

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