Tag: VAT

Nigeria's pharmaceutical industry has been facing significant challenges, particularly with the rising costs of medications nationwide.

The Federal Government received N374.925 billion, the States N422.861 billion and the local government N306.533 billion.

This move, he said, will significantly reduce the tax pressure on households.

According to the communique, the N1.358 trillion total distributable fund comprised statutory revenue of N161.593 billion.

The highest average price for petrol before the coronavirus pandemic was 1.425 pounds per litre in April 2012.

The FAAC also gave a breakdown of the amounts the federal government, the states and the local government areas received ...

A growing concern is food insecurity, with the new minimum wage crisis still unresolved, more than a year after President ...

The committee accused the Central Bank of Nigeria (CBN) and Commercial Banks of complicity in the sharing of the N15 ...

The lawmakers said they have invited the FIRS boss four times but he failed to show up.

The committee requested all the agreements signed by the banks with Systemspec/REMITA to collect the revenue on behalf of the ...

MTN Nigeria signed on 3.6 million new active data users to its network within the period, pushing its total active ...

An official said the event is also an opportunity to serve as a feedback mechanism to get to hear from ...

VAT is a tax payable on the goods and services consumed by an individual or organisation. It is paid by ...

The commission said significant changes in macroeconomic indicators, such as inflation and changes in the foreign exchange rates, necessitated a ...

OGFZA is the government agency responsible for promoting, securing and sustaining investments in the oil and gas-free zones in the ...

The FIRS is partnering with MATAN to collect and remit Value Added Tax (VAT) from their members—especially those in the ...

The NBS said the CIT in the first quarter of 2023 was reported at N469.01 billion.

The balance in the Excess Crude Account (ECA) was $473,754.57

On a quarter-on-quarter basis, arts, entertainment, and recreation activities recorded the highest growth rate of 43.82 per cent

The bills were part of the 68 proposed by the joint committee of the National Assembly on constitution review

"Nigeria is the only country that has succeeded in having this much recovery in the shortest period of around six ...

The governors met last in February during which they discussed the security challenges confronting the region.

The meeting of the Southern governors held in Enugu, South-east Nigeria.

The lawmakers say the passage of the bill would be a financial restructuring and a form of redistribution of internally ...

A lawmaker said Lagos had already reserved 250 hectares of land in Ikorodu and another 750 hectares in Epe for ...