Our reporter/ The Federal Government has introduced new fiscal incentives to boost foreign investments in Nigeria’s oil and gas sector. The two incentives were unveiled by the Minister of Finance…
Read More FG halts VAT on diesel, cooking gas to boost deep offshore investment
Former Vice President Atiku Abubakar on Sunday described President Tinubu’s proposed 10% increase in VAT as an inferno that will consume Nigerians. The Presidential candidate of the Peoples Democratic Party…
Read More Tinubu increasing VAT to 10% inferno that will consume Nigerians – Atiku
The federal government has exempted the importation of liquefied petroleum gas (LPG) and its equipment from the payment of customs duty and value-added tax (VAT). The move is expected to result…
Read More FG exempts LPG importation from VAT, customs duty
Our reporter/ A new data released by the National Bureau of Statistics (NBS) on Monday showed that Nigeria generated N1.49 trillion as the aggregate revenue from Value-Added Tax (VAT) in…
Read More Nigeria generated N1.49trn from VAT in 2023 H1 – NBS
The Federal Inland Revenue Service (FIRS) on Friday disclosed that from September 1, 2023, 7.5 percent value added tax (VAT) will be charged on items excluded from building. The revenue…
Read More FIRS to charge VAT on companies trading in TV masts, cell towers from September 1
