Monday, 26th September 2022
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Companies Income Tax

25 Jun
A total sum of N680.783 billion May 2022 Federation Account Revenue has been shared to the Federal Government, states and local councils by the Federation Account Allocation Committee (FAAC).
17 Nov 2021
The Federal Government, States and Local Government Councils (LGCs) on Wednesday, shared N671.910 billion as Federation Accounts Allocation Committee (FAAC) for October
2 Jun 2020
Corporate income tax statutes are primarily designed to subject the bottomline of businesses, rather than their topline, to taxes. To achieve this goal, rules are laid down under which companies are able to deduct qualifying..
30 Aug 2018
Federal, states and local governments on Thursday shared N714.8 billion revenue generated in July, the News Agency of Nigeria (NAN) reports. The figure indicated a decline of N107.1 billion when compared to what was generated in June. The Minister of Finance, Mrs Kemi Adeosun, while briefing newsmen in Abuja on the outcome of the monthly…
1 Sep 2016
Companies Income Tax (CIT) is tax on the profits of incorporated entities in Nigeria. It also includes the tax on the profits of non-resident companies carrying on business in Nigeria.


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The Independent Electoral Commission (INEC) in Kwara has issued the guidelines on the commencement of campaigns for the 2023 general election...
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Running a business in Nigeria comes with its own set of challenges. Every organisation must keep accurate sales, inventory, and company expenses records to ensure they have the correct information to make critical decisions.  Tracking company expenses is particularly important as poor expense management is one of the leading causes of business mortality.  But unfortunately,…
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Lebanon's parliament on Monday approved the 2022 budget, one of the conditions set by the International Monetary Fund to action a bailout for the crisis-stricken country.
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More than 75 people have been killed in the Iranian authorities' crackdown against unrest sparked by the death of Kurdish woman Mahsa Amini in morality police custody, a rights group said Monday.