Value Added Tax

The Nigeria Governors Forum (NGF) will on Thursday (today) hold an emergency meeting with the national leadership of the Nigeria Labour Congress and the Trade Union Congress to wade off the planned indefinite strike and nationwide protest…

The Nigerian Labour Congress (NLC) has said it will commence an indefinite strike and a nationwide peaceful protest, from Monday, September 28, 2020, if the Federal Government fails to reverse the recent hike in the pump price of petrol and…

AMINA HUSSAINI The Federation Accounts Allocation Committee (FAAC) has disbursed the sum of N682.06 billion to the three tiers of government being revenue generated in the month of August. The Director of Information,…

The Senate on Wednesday approved a budget of N168,809,476,220 for the Federal Inland Revenue Service (FIRS) for the 2020 fiscal year. The approval came following the consideration of a report by the Senate Committee on Finance.…

By ABDULLAHI ISMAILA AHMAD If one has not occupied a position of leadership, one would not fully understand the truism of William Shakespeare’s wise words:  “Uneasy lies the head that wears the crown''. But those who wear the…

Saudi Arabia’s finance minister on Monday announced that the kingdom will triple its Value Added Tax and halt monthly handout payments to citizens in new austerity measures amid record low oil prices and a coronavirus-led economic slump.…

AMINA HUSSAINI, Abuja  Nigeria has quietly slipped into an austerity period following the cut in the allocation to the three tiers of government as the country faces the realities of the oil prices plunge and the impact of the…

MTN Nigeria reported revenue growth of 16.7 per cent to N329.2bn in the first quarter ended March 31, 2020 compared with N282.1bn in the same period in 2019. The growth, according to the unaudited first-quarter report of the company, was…

AMINA HUSSAINI, Abuja The Federation Accounts Allocation Committee (FAAC) has injected a total N780.926 billion into the economy, reflating the three tiers of government to enable them to meet their responsibilities for the…

AMINA HUSSAINI, Abuja The Federation Accounts Allocation Committee (FAAC) reconvened Monday after last week's inconclusive meeting, reflating the economy with N581.566 billion. The Committee's meeting last week was deadlocked over…