The pricing dispute between the International Oil Companies (IOCs) and the Federal Government has resulted in a revenue loss of over $4.04 billion (N1.232 trillion at N305-$1) in eight years, according to the Nigerian Extractive Industry Transparency Initiative (NEITI).
There are indications that the Federal Government may not… Read more
Members of the organised private sector (OPS) on Monday gave a list of 12 demands, tagged “priority areas”, to the federal government on how to improve the economic fortunes of the country.
The demands include reviewing the FX ban on 41 imported items introduced by the CBN in… Read more
The Chairman Joint Tax Board, JTB, Mr. Tunde Fowler, who is also the Executive Chairman, Federal Inland Revenue Service (FIRS) has revealed that 3, 414, 496 million new taxpayers have been added to the national tax register under six months.
This brings the total number of individual taxpayers… Read more
The Federal Executive Council (FEC) has approved a new National Tax Policy for the country. The policy is expected to guide the operation and review of the nation’s tax system and provide the basis for future tax legislation and administration.
The council has also set up an inter ministerial… Read more