Business Hilights

Tracking Nigeria's Headline Business News Online



Update on corporate taxpayer support for FIRS

“Following the request by the Federal Inland Revenue Service (FIRS) to corporate taxpayers whose operations are able to remain open during the COVID-19 pandemic to pay their taxes ahead of established deadlines, the Service is pleased to announce that MTN…

World Bank Nigeria

FG yet to complete forensic audit of NCC, Customs accounts

The Minister of Finance, Mrs. Kemi Adeosun, has revealed that the accounts of two major revenue generating agencies of the government including the Nigerian Communications Commission (NCC) and Nigerian Customs Service (NCS) are still outstanding and yet to be audited….

FIRS, JTB deepen move to cage high-income earners, 12 states sign VAIDS

The federal government has stepped up its drive to capture several Nigerian high income earners who had been evading taxes as the Joint Tax Board (JTB) and the Federal Inland Revenue Service (FIRS) have started sharing data of high net…

FG creates Community Tax Liaison Officers to raise tax awareness among citizens

…To recruit 7,500 graduates as tax advocates To drive tax education and seamless compliance amongst Nigerians, the Federal Government has concluded new plans to recruit 7,500 graduates as Community Tax Liaison Officers (CTLO) to raise tax awareness among citizens. Details…

Ghana’s Diaspora remittances hit $2b as Nigeria’s gross to $37b in March

Latest statistics has shown that more Africans are experiencing rising capital injection by way of diaspora remittances but Nigeria has maintained lead over the years, emitting over $37 billion back to the country between last year and March 2017. This…

Only autonomy to states’ revenue boards can guarantee optimum delivery—Fowler

The Chairman of the Joint Tax Board, Mr. Babatunde Fowler, has made it clear to Governors’ that the best option to deepen revenue generation by states’ revenue boards is to grant them autonomy. Fowler, who doubles as the Executive Chairman,…