Budgeting Economy News Extra Latest News National Assembly Revenue Tax

Senate Urges Executive On Timely Submission of 2020 Appropriation Bill

The President of the Senate, Senator Ahmad Lawan said on Friday that the National Assembly was eager to receive the 2020 budget proposals to enable the legislature provide adequate time to work on the bill and pass it for enactment Lawan was quoted by his Special Adviser on Media, Mr. Ola Awoniyi, as making the […]

Banking Latest News National Assembly Tax

FIRS Seeks CBN’s Support On Foreign Firms’ e-VAT Payments

The Federal Inland Revenue Service (FIRS) has indicated its intention to collaborate with the Central Bank of Nigeria (CBN) to track Value Added Tax (VAT) payments made electronically by foreign entities not registered in the country. This is one of the strategies being considered by the revenue agency in a document it submitted to the […]

Economy News Extra Latest News Revenue Revenue Agencies Tax

FG, Other Tiers Shared N1.92Trn In Q1, 2019 – NBS

The National Bureau of Statistics (NBS) has reported that a total sum of N1.92 trillion was disbursed by the Federation Account Allocation Committee (FAAC) to three tiers of government in first quarter of this year. The bureau, in its latest report on monthly disbursements to the tiers of government indicated in January, the Federal, State […]

Economy News Extra Latest News Tax

Again, FG Says Nigeria’s Debt Is Sustainable

The Minister of Budget and National Planning, Udoma Udo Udoma, on Wednesday said there was no cause for alarm on the country’s rising debt profile, saying it is sustainable. Udoma, who gave the assurance after the Federal Executive Council (FEC), reiterated government’s stance on the nation’s increasingly worrisome debt stock over which many analysts have […]

Foreign Latest News Revenue Tax

SARS Workers End Four Day-Long Industrial Action

Workers of the South Africa Revenue Service (SARS) on Tuesday called off their four-day strike following their acceptance of the fiscal authorities’ offer of eight percent wage increase in 2019 and a CPI-plus-2-percent rise for 2020-21. The deal was struck following negotiations with the authorities by a union representing about half its employees, National Education, […]

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Alleged Tax Default: AGF Asks Court To Strike Out MTN’s Suit

The Attorney General of the Federation (AGF), Abubakar Malami (SAN), on Tuesday prayed a Federal High Court in Lagos to strike out a suit filed by leading telecom operator, MTN Nigeria Communication Ltd, challenging the N242 billion and $1.2 billion import duties and withholding tax (WHT) assessments slammed on it for payment. Represented by a […]

Economy News Extra Latest News Maritime Tax

Licensed Customs Agents Seek FG’s Intervention Over Port Charges

The National Council of Managing Directors of Licenced Customs Agents (NCMDLCA) has appealed to the Federal Government to take urgent steps towards stopping additional shipping charges being levied by shipping companies on imported cargoes in the country. The group stated that by the imposition of the charges called “the government and port taxes”, the shipping […]