The House of Representatives Committee on Public Accounts has summoned 38 oil companies to explain their failure to remit approximately N9.4 trillion owed to the Federal...
Revenue generated from the Electronic Money Transfer Levy (EMTL) rose by 107% to N31.2 billion in December 2024, up from N15.046 billion recorded in November 2024....
Following the federal government’s tax reform policy, Kano State Governor Abba Kabir Yusuf has announced his intention to generate over N80 billion in internal revenue in...
The Chairman of the Senate Committee on Customs, Senator Jimisah Jibrin, has urged the Federal Inland Revenue Service (FIRS) to adopt a more proactive approach to...
The Nigerian Extractive Industries Transparency Initiative (NEITI) said the solid minerals sector has contributed around N1.137 trillion in direct payments to various government levels over 16...
The Federal Inland Revenue Service (FIRS) generated N1.56 trillion in Value Added Tax (VAT) in the second quarter (Q2) of 2024, according to the latest report...
Nigeria’s fiscal state has reached alarming levels as a recent report by BudgIT, a public accountability firm, reveals that the Federal Government (FG) spent more than...
Lagos State Governor, Babajide Sanwo-Olu, has launched the Lagos Revenue Portal (LRP), a digital platform designed to streamline and simplify tax payments for both businesses and...
Nigeria’s revenue from Nigeria Liquefied Natural Gas (NLNG) Limited has plummeted by 43 percent, largely due to ongoing gas supply challenges. According to the latest data...
The Minister of Finance, Wale Edun, has announced that federal government revenue from the oil sector increased from 11% in 2023 to 30% in the first...