12 h. ago Tax reforms: CSOs laud Senate, Reps over ‘fair public hearing’

Tribune Online Tax reforms: CSOs laud Senate, Reps over ‘fair public hearing’ Situation Room on Economic Reforms, a coalition of 100 civil society groups in Nigeria, has commended the National Assembly Committees on Finance for conducting a fair and transparent public hearing on the tax reform bills. Tax reforms: CSOs laud Senate, Reps over ‘fair public hearing’ Tribune Online

Politics

15 h. ago NGX Group reports 157.3 percent surge in PBT to N13.6bn in 2024

Tribune Online NGX Group reports 157.3 percent surge in PBT to N13.6bn in 2024 Board approves N4.4bn dividend for shareholders NIGERIAN Exchange Group Plc (NGX Group) has announced its audited financial results for the year ended 31 December 2024, delivering a record-breaking profit before tax (PBT) of N13.6 billion, marking an impressive 157.3 percent year-on-year growth. This strong performance was driven by robust revenue expansion, strategic cost optimisation, and […] NGX Group reports 157.3 percent surge in PBT to N13.6bn in 2024 Tribune Online

Politics

44 h. ago Tax bills: Reflect public concerns before passage, stakeholders tell N’Assembly

Nigerians have asked the National Assembly to consider the issues raised by individuals, organisations, and the private sector on the tax reform bills. They asked the lawmakers to ensure that the bills were reviewed to address the concerns of those who submitted memos and spoke at the public hearing on the bills. This was as Read More

Economics

3 d. ago Tax Bills: Experts Warn Against Undermining Nigeria Customs Service

As Nigeria pushes forward with its ambitious tax reform agenda, concerns are mounting that proposed legislative changes could inadvertently weaken the Nigeria Customs Service (NCS) to the point of redundancy. At a public hearing organized by the House of Representatives special committee on Tax Reform Bills, stakeholders warned that shifting customs revenue collection to a […]

Events

3 d. ago New Tax Reform Bills Will Improve Economic Growth – Senator Lado

The special adviser to the President on Senate Matters, Senator Basheer Lado, has assured Nigerians that the proposed tax reform bills, currently undergoing a public hearing at the National Assembly, will significantly boost the economy and enhance the standard of living for all citizens. Speaking in Abuja during a courtesy visit by a delegation of […]

Economics

3 d. ago NSCIA recommends passage of tax reform bills, calls for fairness

Tribune Online NSCIA recommends passage of tax reform bills, calls for fairness   THE Nigerian Supreme Council for Islamic Affairs (NSCIA) has called for equity and fairness to all sections and segments in Nigeria and recommended passage of the Tax Reform Bills before the National Assembly.    Moreover, it expressed  commitment to constructive engagement on national policy formulation and legislative reforms. The apex Islamic body in Nigeria made […] NSCIA recommends passage of tax reform bills, calls for fairness Tribune Online

Economics

4 d. ago Manufacturers back tax reforms, urge crackdown on illegal levies

The Manufacturers Association of Nigeria has commended the Federal Government for introducing four executive bills aimed at reforming tax administration in the country while calling for an end to the unlawful activities of non-state actors. MAN made the call on Thursday during the second day of the public hearing on the tax bills in Abuja, Read More

Politics

4 d. ago Kano govt kicks on ‘constitutional breaches’ in Tinubu’s tax reform bills 

Tribune Online Kano govt kicks on ‘constitutional breaches’ in Tinubu’s tax reform bills  …opposes VAT increase, reduction in funding of TETfund, NASENI, NITDA as Sharia Council lists concerns in tax bills The Kano state government on Wednesday kicked against the constitutionality of certain provisions of the tax reform bills, specifically those granting the federal government extensive powers over state and local tax authorities.  The Permanent Secretary, Office of the […] Kano govt kicks on ‘constitutional breaches’ in Tinubu’s tax reform bills  Tribune Online

Economics

4 d. ago Customs Service Faces Existence Threat From Proposed Tax Reform Bills – NCS Boss

Bashir Adeniyi, Comptroller-General of the Nigeria Customs Service (NCS), has expressed concerns that the proposed tax reform bills pose a significant threat to the existence of the customs service. Speaking at a public hearing organised by the House of Representatives Committee on Finance, Adeniyi highlighted key objections contained in a 17-page memorandum submitted by the […] The post Customs Service Faces Existence Threat From Proposed Tax Reform Bills – NCS Boss appeared first on Information Nigeria.

Economics

4 d. ago NACCIMA, OPSN oppose FTZ taxation, submit memorandum to N’Assembly

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) and the Organized Private Sector of Nigeria (OPSN) have formally opposed the proposed taxation of Free Trade Zones (FTZs) by submitting a memorandum to the National Assembly. In their submission, NACCIMA and OPSN urged lawmakers to expunge sections of the Nigeria Tax Bill […] The post NACCIMA, OPSN oppose FTZ taxation, submit memorandum to N’Assembly appeared first on The Sun Nigeria.

Politics

4 d. ago Tax Reform Bills: Sharia Council, FCT Imams, Kano Govt, Yadudu Reject VAT Rise, Others

The Supreme Council for Shariah in Nigeria, Committee of FCT Imams Initiative, Kano State Government, and former Presidential Adviser Professor Auwalu Yadudu have raised concern about the proposed law on inheritance, saying it will infringe on the religious rights of Christians and Muslims. The stakeholders disclosed this on Wednesday during their various presentations at the […]

Economics

5 d. ago Tax reforms bills will legislate Customs out of existence, says CG

Bashir Adeniyi, Comptroller General of the Nigeria Customs Service have raised concerns that the proposed Tax reform bills are in read more Tax reforms bills will legislate Customs out of existence, says CG

Economics

5 d. ago Why we back tax reform bills — Fiscal Responsibility Commission

Tribune Online Why we back tax reform bills — Fiscal Responsibility Commission The Fiscal Responsibility Commission (FRC) has listed job creation, growth stimulation through investment, and diversification of revenue sources among the compelling reasons to back President Bola Tinubu's tax reform bills. Why we back tax reform bills — Fiscal Responsibility Commission Tribune Online

Economics

5 d. ago Tax reform: Senate plans review as Customs, ASUU fault provisions

The Academic Staff Union of Universities, on Tuesday, warned against the proposed withdrawal of the education tax to the Tertiary Education Trust Fund as contained in the tax reform bills currently undergoing public hearing at the National Assembly. The President of the union, Prof Emmanuel Osodeke, said the scrapping of TETFund could lead to the Read More

Politics

6 d. ago Remove Sections In Tax Reform Bill Conflicting With Sharia Law – NSCIA Tells Senate

Nigerian Supreme Council for Islamic Affairs has appealed to Senate to remove sections of the controversial tax reform bills that conflict with Sharia law. NSCIA, in a letter submitted to the upper chamber on Tuesday, urged the lawmakers to address some parts regarding marriage and inheritance in the bill. The council also called on the […] The post Remove Sections In Tax Reform Bill Conflicting With Sharia Law – NSCIA Tells Senate appeared first on Information Nigeria.

Economics

6 d. ago Nigeria to attain $1tn economy through tax reform bills – Senate

The Nigerian Senate has said that the proposed Tax Reform Bills will serve as a critical step in achieving President read more Nigeria to attain $1tn economy through tax reform bills – Senate

Economics

6 d. ago Remove tax bill sections conflicting with Sharia, NSCIA urges Senate

The Nigerian Supreme Council for Islamic Affairs has urged the Senate to remove sections of the tax reform bills that conflict with Sharia law, particularly regarding marriage and inheritance. The NSCIA made the appeal in a memorandum submitted to the Senate Committee on Finance on Tuesday. The council also called on the upper chamber to Read More

Economics

6 d. ago New tax bill: ASUU rises against alleged “tactical abrogation” of TETFund

From Fred Ezeh, Abuja Academic Staff Union of Universities (ASUU) has risen against the alleged plan by the proposed new tax system to tactically abrogate the Tertiary Education Trust Fund (TETFund). ASUU President, Prof. Emmanuel Osodeke, registered the case and concerns of the Union at the public hearing on the new tax bill, 2024, organized […] The post New tax bill: ASUU rises against alleged “tactical abrogation” of TETFund appeared first on The Sun Nigeria.

Economics

6 d. ago Transcorp Power reports 115% revenue growth, N80bn profit in 2024

Transcorp Power Plc has declared a revenue growth of 115 per cent in 2024, amounting to N305.9 billion and an operating profit after tax of N80.01 billion. The Chairman, Board of Directors, Transcorp Power Plc, Mr Emmanuel Nnorom, disclosed this on Tuesday in Abuja, at the companies’ Annual General Meeting. Nnorom said that the financial Read More

Politics

7 d. ago Tinubu to Senate: Tax reform bills not skewed against any section of the country

Tribune Online Tinubu to Senate: Tax reform bills not skewed against any section of the country President Bola Ahmed Tinubu has once again reassured Nigerians that the proposed tax reform bills before both chambers of the National Assembly are not skewed against any section of the country. The Senator representing Niger East and Chairman of the Senate Committee on Finance, Sani Musa, restated President Tinubu’s assurance on Monday while speaking at […] Tinubu to Senate: Tax reform bills not skewed against any section of the country Tribune Online

Economics