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Tag: Tax
Cadbury Reports N10.4billion Loss for 2024
Cadbury Nigeria Plc has reported a loss after tax of N10.4bn for the year ending December 31, 2024, representing a 45 per cent reduction compared to the N19.1bn loss recorded…
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Tinubu’s Govt Plans Tax Cut for Companies Raising Pay for Poor Workers
The President Bola Tinubu-led Federal Government is introducing a 50 per cent tax relief for companies that increase salaries or offer transportation allowances to low-income workers, as part of a…
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Federal Govt Plans 5% Tax On Telecoms Services, Others
The President Bola Tinubu-led Federal Government has proposed a five per cent excise duty on telecommunications services, gaming, and betting activities as part of a new bill to overhaul Nigeria’s tax…
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Osun Govt Vows To Clamp Down On Tax Defaulters
Osun State Internal Revenue Service has said it would begin to clamp down on business premises that have failed to fulfill their tax obligations to the government. In a statement…
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Kaduna bandits drive locals out of ancestral homes for failing to pay tax
Many of the locals have left their ancestral homes in the Kidandan community in Giwa Local Government Area, Kaduna State, following a bandit raid. Before kidnapping many of the community…
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Is Nigeria Undertaxed or is the system inefficient
Early this year, the International Monetary Fund (IMF) raised concerns about Nigeria’s huge tax expenditure, estimated at four per cent of the country’s gross domestic product (DGP) or N6.8 trillion…
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Why should Nigerians accept taxation?
The practice of paying taxes has persisted as a way for residents to give back to the government for the social services it provides to them in all cultures, ancient…
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200 tax officials under investigation – FG
About 200 tax officials are currently being investigated following tips received through the Federal Government’s whistle blowing policies. Mrs. Kemi Adeosun, Nigeria’s Finance minister disclosed this and revealed the…
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