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8 stories tagged tax.
In a significant move towards bolstering Nigeria's fiscal policy and tax framework, President Bola Tinubu has given his approval for the establishment of a presidential committee dedicated to this cause. The…
In a move aimed at providing relief to Nigerian businesses and households, President Bola Tinubu has recently signed four executive orders. The orders include the suspension of the 5% excise tax on telecommunication…
Lagos Governor Babajide Sanwo-Olu has signed the State Value Added Tax (VAT) Bill into law. The House of Assembly yesterday sent a copy of the bill for Governor Sanwo-Olu’s assent after passing the bill. The Governor…
Following a recent order by the federal high court in Port Harcourt issuing an order restraining the FIRS from collecting VAT and personal income tax (PIT) in Rivers state, the Appeal Court sitting in Abuja has ordered…
The Kogi State government has said it will not involve itself in the pursuit to retain the Value Added Tax as embarked on by the governments of Lagos and Rivers. The Governor of Rivers State, Nyesom Wike, had signed a…
The Nigerian National Petroleum Corporation earned revenue of N4.61tn and spent N4.52tn in 2020, according to a report released on Friday. The report, titled ‘2020 NNPC Annual Performance Review’, was developed by…
The Lagos State transport ministry on Wednesday revealed plans to deploy Traffic Management Solution (TMS) devices that will, among other things, enable traffic law violators to pay fines digitally. Presently, traffic…
The Lagos State Internal Revenue Service, LIRS, has sent a congratulatory message to Laycon after emerging the winner of Big Brother Naija 2020 taking home a grand prize of N85 million. Taking to its official Twitter…
