Economy
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Lagos Assembly Passes VAT, Anti-Open Grazing Bills
The Lagos State House of Assembly on Thursday passed the State’s Value Added Tax (VAT) with Speaker Mudashiru Obasa direction…
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Why VAT law will be beneficial to Lagos – Obasa, residents speak at public hearing
The Speaker of the Lagos State House of Assembly, Rt. Hon. (Dr) Mudashiru Obasa, on Wednesday, said the proposed law…
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Despite N287bn profit, NNPC’s current liabilities exceed current assets by N4.6trn
The Nigerian National Petroleum Corporation (NNPC) has published its audited financial statements (AFS) for 2020, declaring N287 billion profit —…
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Wike: I’ll seal FIRS offices if they continue to ‘bully’ Rivers over VAT collection
Nyesom Wike, Rivers state governor, has threatened to seal off Federal Inland Revenue Service (FIRS) offices if they continue to…
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Let’s Be Our Brothers’ Keeper – Gombe Government Begs Southern States To Reconsider Stance On Value Added Tax
. The Gombe State Government has appealed to Southern State Governments to reconsider their push to keep Value Added Tax…
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Paris Club refund: Governors caution bank CEOs against payment of $418m to six consultants
The Nigeria Governors’ Forum (NGF) has asked banks and their compliance officers to disregard the payment of the controversial $418,953,670.59…
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Just in : VAT: Court Dismisses FG’s Motion For Stay Of Judgment Execution
A Federal High Court in Port Harcourt has dismissed an application for stay of execution of its earlier judgement empowering…
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Apapa: Lagos govt, NPA traffic operation crumble as chaos, extortion persist
Apapa Oshodi Gridlock •Motorists task Sanwo-Olu on full probe ATTEMPTS by the Lagos State government and the Nigeria Ports Authority,…
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FIRS to Lagos: We’ll continue to collect VAT until appeal court decides on legal dispute
The Federal Inland Revenue Service (FIRS) says it will continue to collect Value Added Tax (VAT) from businesses operating in…
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NNPC declares N287bn net profit for 2020 — first time ever
The Nigerian National Petroleum Corporation (NNPC) has posted N287 billion profit after tax (PAT) for the year ended December 31,…
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