Tag: tax

NCC’s Maida highlights the role of corporate governance in transforming Nigeria’s telecom sector The Chief Executive Officer of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has emphasized the critical role of corporate governance in driving the...
The Nigerian Communications Commission (NCC) has directed all licensees to ensure their contact information is updated promptly, emphasizing that any changes must be reported within seven days of occurrence. This directive was outlined in a statement by...

Elon Musk to pay over $11 bln in taxes this year

Electric-car maker Tesla Inc's (TSLA.O) Chief Executive Officer Elon Musk said on Sunday on Twitter that he will pay more than $11 billion in taxes this...

N849 billion generated as IGR in 2021 as Lagos leads other states

By Salim Yunusa   The 36 states and the Federal Capital Territory generated N849.123bn as Internally Generated Revenue (IGR) in 2021 compared to N612.87bn in 2020.   A...

Multichoice Africa loses legal battle, to pay $342 million tax to FIRS

By Salim Yunusa   That tax appeal tribunal has struck out the suit between Multichoice Africa Holdings B.V and the Nigerian government owned Federal Inland Revenue...

What you need to know about Value Added Tax (VAT)

By Yusuf Muhammad Tukur Illo VAT is an acronym for Value Added Tax, which is a kind of tax imposed on goods and services paid...

BREAKING: Court Stops Rivers, Lagos From Collecting VAT

By Sahelian Times The Court of Appeal in Abuja has stopped the governments of Rivers and Lagos from collecting Value Added Taxes (VAT).   In a ruling...

Kaduna IRS seals off 4 banks over N300.5m tax defaults

By Salim Yunusa Kaduna State Internal Revenue Service sealed the head offices and other branches of four banks in Kaduna on Monday over N300.5 million...

Kogi State to impose tax on bread

By Ismail Auwal Kogi State Government has hired a consultant to levy bakers and caterers for every single loaf of bread and confectionery they produce...

Anger trails Kaduna state government’s introduction of ‘development levy on adults’.

By Ismail Auwal Nigerians on social media have reacted with anger to the recent Kaduna state government's introduction of compulsory development levy on every adult...

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