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Tag "Revenue"

6% tax rate, 25% revenue allocation to LGAs… highlights of Lagos VAT bill

    6% tax rate, 25% revenue allocation to LGAs… highlights of Lagos VAT bill

Earlier this week, a bill seeking to empower the Lagos state government to collect value-added tax (VAT) passed the first and second reading at the state house of assembly. The

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FRSC: Revenue generating or traffic management agency

    FRSC: Revenue generating or traffic management agency

The Federal Road Safety Corps ( FRSC) was created in 1988 and operates in all Nigerian states as well as the federal capital territory (FCT) and is the leading agency

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CBN disagrees with senate over ‘unremitted’ operational surplus to consolidated revenue fund

    CBN disagrees with senate over ‘unremitted’ operational surplus to consolidated revenue fund

The Central Bank of Nigeria (CBN) on Wednesday disagreed with the senate over allegation of unremitted 80% of operational surpluses into the consolidated revenue fund (CRF) since 2016. Solomon Adeola,

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Reps reject customs’ N1.3trn revenue projection for 2022

    Reps reject customs’ N1.3trn revenue projection for 2022

The house of representatives committee on finance, on Monday, rejected the N1.33 trillion projected revenue by the Nigerian Customs Service (NCS) for the 2022 financial year. Hameed Ali, comptroller-general of

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Reps panel tackles MDAs over ‘concealment of revenue’

  Reps panel tackles MDAs over ‘concealment of revenue’

A house of representatives committee has tackled government ministries, departments and agencies (MDAs) over the alleged concealment of their revenues.

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Twitter, digital platforms to pay tax as FIRS targets N10.1trn revenue in 2022

  Twitter, digital platforms to pay tax as FIRS targets N10.1trn revenue in 2022

The Federal Inland Revenue Service (FIRS) has set a revenue target of N10.1 trillion for 2022. Mohammed Nami, executive chairman

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Zainab Ahmed: FG spent N2trn on debt servicing in six months

  Zainab Ahmed: FG spent N2trn on debt servicing in six months

The federal government says it spent N2.02 trillion on debt servicing within the first six months of 2021 (January-June). The

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LCCI advocates asset-linked debt to ease servicing burden

  LCCI advocates asset-linked debt to ease servicing burden

The Lagos Chamber of Commerce and Industry (LCCI) has asked the federal government to replace Nigeria’s existing borrowings with asset-linked

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Kogi set to automate revenue collection process

  Kogi set to automate revenue collection process

The Kogi Internal Revenue Service (KGIRS) says it is working to automate the process of revenue collection in the state.

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Unilever Nigeria returns to profit in second quarter

  Unilever Nigeria returns to profit in second quarter

Unilever Nigeria Plc has scaled through its operating challenges and returned to profit in the second quarter ended June 2021.

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