Nigeria earned N1.19 trillion from value-added tax (VAT) in the first half of 2022. This amounts to a 19 per cent year-on-year (YoY) increase when compared to N1 trillion earned in the corresponding period of 2021.
The Federation Accounts Allocation Committee (FAAC) at its virtual conference, yesterday, shared N725.571 billion to the three tiers of government as federation allocation for March 2022.
An IT company, Geecat Solutions Limited, has sued a new generation bank and four associated companies at the Federal High Court, Ikoyi over alleged deceit.
18 Nov 2021
A total of N671.9 billion is available to be shared by the three tiers of government in November, the Technical Sub-Committee of 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
26 Oct 2021
VAT is essentially a consumption tax. It is payable at the points of purchases. It is a product of economic activity and economic productivity. To earn VAT, any state must drive activity ...
25 Oct 2021
Rivers State Governor Nyesom Wike has said his state is not at war with the Federal Government over the controversial Value Added Tax (VAT) as insinuated in some quarters.
24 Oct 2021
Gov. Nyesom Wike of Rivers says the state is not fighting the Federal Government or any of its agencies over collection of Value Added Tax (VAT) as being insinuated in some quarters.
15 Oct 2021
As many Nigerian states lock horns with the Federal Government (FG) through the Federal Inland Revenue Service (FIRS) on the collection of Value Added Tax (VAT), the stage is set for restructuring the Nigerian federation...
7 Oct 2021
Former House of Representatives member, Mr. Aminu Jaji, has said that the South is using the Value Added Tax (VAT) to force the North to cede the presidency in 2023.
5 Oct 2021
As some Northern states, today, join the Federal Inland Revenue Service (FIRS) in its appeal against the judgment of the Federal High Court empowering Rivers State to collect Value Added Tax (VAT), the South-South...
2 Oct 2021
Governor Abdullahi Umar Ganduje expressed worry over the raging disagreement between the northern governors and their southern counterparts over 2023 presidency, saying it was unnecessary.