82 m. ago Extractive sector contributed over ₦1trn to TETFund in 5 Years – NEITI

Signs MoU to boost education tax From Fred Ezeh, Abuja The Nigeria Extractive Industries Transparency Initiative (NEITI) has signed a Memorandum of Understanding (MoU) with the Tertiary Education Trust Fund (TETFund) to enhance Nigeria’s education funding through accurate and timely remittances of education taxes from companies in the extractive sector. Speaking at the MoU signing […] The post Extractive sector contributed over ₦1trn to TETFund in 5 Years – NEITI appeared first on The Sun Nigeria.

Politics

7 d. ago My company paid N450bn in taxes in 2024, Dangote tells Tinubu

Tribune Online My company paid N450bn in taxes in 2024, Dangote tells Tinubu President of the Dangote Group, Aliko Dangote, recently informed President Bola Tinubu that his group of companies paid a whopping N450 billion in taxes to the Federal Government’s coffers in 2024, thereby making it the highest tax-paying company in Nigeria. With this significant tax payment, Dangote companies are contributing more in taxes than all the […] My company paid N450bn in taxes in 2024, Dangote tells Tinubu Tribune Online

Politics

1 week ago Tinubu inaugurates Lekki Port road, announces major infrastructure drive across northern Nigeria

From Juliana Taiwo-Obalonye, Abuja President Bola Tinubu yesterday officially commissioned the Lekki Deep Sea Port Tax Credit Concrete Road in Lagos, marking a significant milestone in Nigeria’s infrastructure development. Speaking virtually at the event, Tinubu highlighted that roads are more than just pathways for goods, they are conduits for prosperity and economic growth. “This road […] The post Tinubu inaugurates Lekki Port road, announces major infrastructure drive across northern Nigeria appeared first on The Sun Nigeria.

Politics

1 week ago “Senate not rubber stamp”, says Senator Orji Kalu, cites Tax Bill deliberations

From Kenneth Udeh, Abuja Senator Orji Uzor Kalu, a former Governor of Abia State, former Chief Whip of the Nigerian Senate, and current Chairman of the Senate Committee on the South-East Development Commission (SEDC), has firmly rejected claims that the Nigerian Senate operates as a rubber stamp for the executive arm of government. Speaking during […] The post “Senate not rubber stamp”, says Senator Orji Kalu, cites Tax Bill deliberations appeared first on The Sun Nigeria.

Economics

2 w. ago Whistleblowers urge probe of MSC for judicial sabotage, tax evasion

From Tony John Whistleblowers, under the auspices of the Citizens Whistleblowers Coalition (CWC), have called on the federal government, through the Attorney-General of the Federation, to launch investigations into the activities of the global shipping giant, Mediterranean Shipping Company (MSC), in Nigeria, focusing on allegations of undermining the country’s judicial system and sabotaging the economy. […] The post Whistleblowers urge probe of MSC for judicial sabotage, tax evasion appeared first on The Sun Nigeria.

Politics

2 w. ago “81% Of Nigerians Don’t Pay Tax” – FG Laments, Calls For More Awareness From Grassroot

Chairman of the Federal Inland Revenue Service, Zacch Adedeji, has lamented over low compliance of Nigerians in tax payment. Speaking on Wednesday at the launch of a book, titled ‘Taxation: Essential Knowledge for Nigerian Children by the FIRS, Adedeji noted that only 19 percentage of citizens in the country pay their tax. The FIRS’ boss […] The post “81% Of Nigerians Don’t Pay Tax” – FG Laments, Calls For More Awareness From Grassroot appeared first on Information Nigeria.

Economics

2 w. ago Reps adopt harmonised tax reform bills, ready for presidential’s assent

Nigeria’s hotly debated tax reform bills are now ready for Presidential assent following the House of Representatives’ adoption of the read more Reps adopt harmonised tax reform bills, ready for presidential’s assent

Politics

2 w. ago Senate passes harmonised version of Tax Reform Bills, FCT budget

From Adesuwa Tsan, Abuja The Senate has adopted the harmonised Conference Committee Report of both chambers on the four Tax Reform Bills. This followed the consideration and subsequent approval of the recommendations by the committee set up to merge differences in the versions of the Bills passed separately by both chambers of the National Assembly. […] The post Senate passes harmonised version of Tax Reform Bills, FCT budget appeared first on The Sun Nigeria.

Economics

2 w. ago FIRS Boss Cautions Stakeholders Against Tax Burden On Poor Nigerians 

The Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji has cautioned stakeholders against adding tax burden on the poor. Speaking at the two-day 157th JTB meeting in Ibadan, Oyo state, Aderemi charged stakeholders under the aegis of the Joint Tax Board (JTB) and others in the revenue generation drive to adopt strategy and […]

Politics

3 w. ago FG Leads Grassroots Campaign To Simplify Taxation For Nigerians

The federal government has unveiled strategies to lead a grassroots radio sensitisation programme aimed at simplifying tax education and boosting compliance among Nigerians across all walks of life, from market traders to tech entrepreneurs. In a statement signed by the director of Communication and Liaison Department, Dr Abdullahi Ismaila, stressed that taxation is not just […]

Politics

3 w. ago Adedeji Earns Global Recognition For Transforming Nigeria’s Tax System

Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji has drawn international attention for leading a sweeping transformation of Nigeria’s tax administration — a feat that recently earned him commendation from global tax leaders in London. At the 96th Management Committee Meeting of the Commonwealth Association of Tax Administrators (CATA), held in […]

Politics

4 w. ago Why Nigeria’s tax reforms matter to students and practitioners alike

Change is constant, and reforms, whether in taxation, fiscal policy, monetary systems, banking, agriculture, healthcare, education, or information and communication read more Why Nigeria’s tax reforms matter to students and practitioners alike

Politics

4 w. ago Proposed US tax on remittances threatens Nigeria’s FX inflows, may spur black

Tribune Online Proposed US tax on remittances threatens Nigeria’s FX inflows, may spur black-market channels A proposed tax on remittances from the United States has sparked concerns in Nigeria, as experts warned that the measure could significantly reduce foreign exchange (FX) inflows and push transactions into black-market channels. US lawmakers are currently considering a bill that would impose a 5 percent tax on all remittances sent by US residents to […] Proposed US tax on remittances threatens Nigeria’s FX inflows, may spur black-market channels Tribune Online

Politics

last month How Nigerians are redefining citizenship to navigate global tax challenges – David Lesperance

David Lesperance, an international tax and immigration advisor, provided insights into how individuals, especially Nigerians, are re-evaluating their personal and read more How Nigerians are redefining citizenship to navigate global tax challenges – David Lesperance

Politics