Taxes

The Crushing Weight Of Multiple Taxes On Telcos And Nigeria’s Ranking On Ease Of Doing Business Index

By Tony Onyima According to the World Bank’s annual ratings, Nigeria is currently ranked 131 among 191 economies in the ease of doing business index. Ease of Doing Business Index ranks countries against each other based on how the regulatory environment is

January 24, 2025

Business·News

Nigerian Govt Proposes 5% Tax On Telecom, Gaming, Betting Services

As part of a new law to restructure Nigeria’s tax system, the Federal Government of Nigeria has proposed a 5 per cent excise duty on gaming, betting, and telecommunications services. The bill, titled, “A Bill for an Act to Repeal Certain Acts

October 20, 2024

Group Praises Lagos Internal Revenue Service Whistle-blower Initiative

Business·News

LIRS Cracks Down On Tax Evaders, Shuts 34 Corporations, 23 Hospitality Firms

In a crackdown on tax evaders, the Lagos State Internal Revenue Service (LIRS) has closed down 34 corporate organizations and 23 hospitality businesses for failing to remit Personal Income Taxes and Consumption Taxes, respectively. The affected companies and establishments, which include prominent

November 1, 2023

Tinubu Explains Why Nigeria Stopped Exporting Raw Gold, Lithium, Other Minerals

Business

Manufacturers Criticise Nigerian Gov’t For Putting N70trn Debt Burden On Them

The Manufacturers Association of Nigeria (MAN) said the high taxes imposed on the sector is the Federal Government’s attempt to shift the responsibility of repaying FG’s debt to manufacturers. According to the first quarter (Q1) Manufacturers CEO Confidence Index (MCCI), the government

August 21, 2023

Business

Soludo Succumbs To IPOB’s Simon Ekpa Criticism Over Taxes In Anambra State

The Governor of Anambra State, Chukwuma Soludo, has amended the tax imposed on the transportation sector within the state after criticism from Simon Ekpa of the Indigenous People of Biafra (IPOB). Soludo reduced the taxes imposed on tricycle, taxi, and shuttle bus

January 19, 2023

Editorial

EDITORIAL: Area Boys, Bandits And Taxes

The almost week-long clash between rival cult members of the National Union of Road Transport Workers (NURTW) in Lagos was another watershed in the long list of terror hot spots plaguing ordinary people in Nigeria. It tended to highlight the unholy harmony

January 24, 2022

Business

FG Hints On Imposing New Taxes, Tariffs, Gives Reasons

The federal government has hinted on introducing new taxes, tariffs and levies as part of measures to shore up its revenue. The Minister of Finance, Budget and National Planning, Zainab Ahmed, at the public hearing on the 2021 Finance Bill organised by

December 14, 2021

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The Crushing Weight Of Multiple Taxes On Telcos And Nigeria’s Ranking On Ease Of Doing Business Index

Nigerian Govt Proposes 5% Tax On Telecom, Gaming, Betting Services

LIRS Cracks Down On Tax Evaders, Shuts 34 Corporations, 23 Hospitality Firms

Manufacturers Criticise Nigerian Gov’t For Putting N70trn Debt Burden On Them

Soludo Succumbs To IPOB’s Simon Ekpa Criticism Over Taxes In Anambra State

EDITORIAL: Area Boys, Bandits And Taxes

FG Hints On Imposing New Taxes, Tariffs, Gives Reasons

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