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FAAC: FG, states, LGAs shared N1.1trn in March — down by N30bn

    FAAC: FG, states, LGAs shared N1.1trn in March — down by N30bn

The federation account allocation committee (FAAC) says the three tiers of government shared N1.12 trillion in March 2024. The figure represents a decrease of N30 billion compared to the N1.15

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FAAC: FG, states, LGs shared N1.14trn in January — up by N22bn

    FAAC: FG, states, LGs shared N1.14trn in January — up by N22bn

The federation account allocation committee (FAAC) says it shared N1.14 trillion with the three tiers of government in January 2024. The figure represents an increase of N22 billion compared to

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FAAC: FG, states, LGAs shared N1.1trn in December 2023 — up by N39bn

    FAAC: FG, states, LGAs shared N1.1trn in December 2023 — up by N39bn

The federation account allocation committee (FAAC) says it shared N1.12 trillion with the three tiers of government in December 2023. FAAC disclosed this in a communique issued at its January

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Stakeholders commend Tinubu on import duty waiver on CNG, LPG equipment

    Stakeholders commend Tinubu on import duty waiver on CNG, LPG equipment

Industry experts and stakeholders in the energy sector have commended President Bola Tinubu for the full-scale exemptions from import duty and value-added tax (VAT) for feed gas, liquefied petroleum gas

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FG exempts LPG importation from VAT, customs duty

  FG exempts LPG importation from VAT, customs duty

The federal government has exempted the importation of liquefied petroleum gas (LPG) and its equipment from the payment of customs

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MTN Nigeria appeals $72.5m tax tribunal fine

  MTN Nigeria appeals $72.5m tax tribunal fine

MTN Nigeria Communications Plc has appealed the decision of the tax appeal tribunal (TAT) over the payment of $72.5 million

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FG flags off CNG initiative, waives VAT on bus purchases

  FG flags off CNG initiative, waives VAT on bus purchases

The federal government has waived value-added tax (VAT) on compressed natural gas (CNG) bus purchases and is seeking duty waivers

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NBS: Nigeria generated N1.49trn from VAT in six months — up by 25% from H1 2022

  NBS: Nigeria generated N1.49trn from VAT in six months — up by 25% from H1 2022

Nigeria generated N1.49 trillion as the aggregate revenue from value-added tax (VAT) in the first half of 2023, according to

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FIRS: From Sept 1, companies trading in TV masts, cell towers to charge VAT

  FIRS: From Sept 1, companies trading in TV masts, cell towers to charge VAT

The Federal Inland Revenue Service (FIRS) says from September 1, 2023, 7.5 percent value added tax (VAT) will be charged

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FAAC allocation to FG, states, LGAs increased by N120bn in June

  FAAC allocation to FG, states, LGAs increased by N120bn in June

The federation account allocation committee (FAAC) says it shared N907.05 billion among the three tiers of government in June 2023.

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