Search Results for "taxation"
31 results found
Tax Ombud warns against multiple levies, arbitrary assessments

…and provide feedback to the Tax Ombud. The President of the Chartered Institute of Taxation of Nigeria, Innocent Ohagwa, called for sustained public education on the new tax laws, warning that inadequate understanding of tax obligations could create confusion and weaken compliance. “Without the knowledge, without the u…

Investment by nigerianewsfeed · 2 days ago · 0 comments · 8 views
Nigerian Army arrests notorious criminal, DJ Abam over alleged terror in Taraba community

…violent crimes to the suspect, including kidnapping for ransom, cattle rustling, illegal taxation, unlawful detention, killings and the seizure of residents' properties. Residents alleged that Abam imposed illegal levies on locals, extorted money from community members and participated in large-scale cattle rustling an…

Crime by nigerianewsfeed · 3 days ago · 0 comments · 7 views
NPA reveals why Nigerian ports may be under cyber attacks soon

…by the Abuja Chamber of Commerce and Industry (ACCI) under the theme "Resilient Trade, Taxation, and the Economy."

Computers by nigerianewsfeed · 3 days ago · 0 comments · 6 views
Osun tax row: NANS, OIRS disagree over alleged extortion, double taxation claims

…would be investigated.Osun tax row: NANS, OIRS disagree over alleged extortion, double taxation claims

Investment by nigerianewsfeed · 3 days ago · 0 comments · 11 views
2027: Makinde promises tax breaks, reaffirms claim on unremitted ₦250bn fund

…also accused the Federal Government, led by President Bola Tinubu, of prioritising the taxation of poor Nigerians over wealthy individuals. Upon assuming office, Tinubu’s administration introduced reforms to Nigeria’s tax system, which elicited mixed reactions, with many Nigerians expressing concerns that the changes c…

Investment by nigerianewsfeed · 5 days ago · 0 comments · 9 views
G-24: Nigeria, other developing nations need cheaper financing — Oyedele

…which reduce the resources available to governments for development. “On international taxation, we called for reforms to address profit shifting, tax avoidance and illicit financial flows,” he said. Oyedele welcomed progress under the United Nations Framework Convention on International Tax Cooperation and the Organis…

Business by nigerianewsfeed · 11 days ago · 0 comments · 21 views
How 18yrs multiple gas policies sidelined domestic consumers

…therefore create wider economic value through electricity, manufacturing, employment, taxation and investment,” he said. On LPG, Essien said abundant natural gas reserves did not automatically guarantee adequate cooking gas supplies because LPG required an efficient chain covering processing, extraction, storage, trans…

General News by nigerianewsfeed · 13 days ago · 0 comments · 20 views
Return of subsidy could lead to ₦2,000/Litre Petrol, ₦3,000/$ exchange rate, FG warns

…be funded through inflationary fiscal measures, delayed public earnings, or increased taxation."However, it is described, a subsidy must be financed through salaries and pensions not paid on time, through higher taxes, or through the printing of money, like we saw before this current administration. Over 30 trillion na…

General News by nigerianewsfeed · 16 days ago · 0 comments · 20 views
NDIC blows whistle on illegal money schemes

…Trade Fair. Speaking on the overarching theme of the fair, “Resilience: Trade, Taxation and the Economy,” the NDIC boss emphasised that safeguarding individual savings and ensuring a stable banking climate are fundamental to achieving the Federal Government’s target of a $1tn economy by 2030. Addressing participants an…

Business by nigerianewsfeed · 23 days ago · 0 comments · 21 views
Oyebanji reappoints retired Ekiti Accountant-General

…Chartered Accountants of Nigeria and an Associate member of the Chartered Institute of Taxation of Nigeria, Mrs Olayinka holds a Bachelor’s degree in Accounting and a Master of Business Administration. She has extensive experience in the private sector, public sector and international development. “She is widely credit…

Politics by nigerianewsfeed · 1 mon ago · 0 comments · 26 views
PFIPC: ICPC uncovers multiple fake agencies as Tinubu orders forensic probe

…Earlier in his briefing, Oyedele disclosed that council approved the signing of Double Taxation Avoidance Treaties between Nigeria and Ghana, Nigeria and Tanzania, and Nigeria and Switzerland. “The overall objective of these treaties is to ensure that Nigeria can expand the opportunities available to our businesses to…

General News by nigerianewsfeed · 2 mons ago · 0 comments · 26 views
States risk losing investors over weak data protection - NDPC

…handled enormous volumes of personal information across education, healthcare, taxation, social protection, civil registration, employment and security. “Citizens entrust us with their sensitive information. This trust places a corresponding responsibility on us to ensure that such information is handled lawfully, resp…

General News by nigerianewsfeed · 2 mons ago · 0 comments · 27 views
Subsidy removal, naira float saved Nigeria N15.8trn — Oyedele

…investor confidence, leading to increased local and international investments. On taxation, Oyedele said the government had introduced exemptions for low-income earners and small businesses while working towards creating a more business-friendly tax environment. He said the reforms should therefore be assessed not only…

General News by nigerianewsfeed · 2 mons ago · 0 comments · 27 views
Tax Ombud set to launch taxpayer’s bill of rights, obligations

…and restoring public trust in tax administration. “This is not simply about discussing taxation and revenue. It is about strengthening the relationship between the taxpayer and the institutions responsible for administering public revenue,” he said. Nwabueze said OTO had commenced a structured public awareness and stak…

Business by nigerianewsfeed · 2 mons ago · 0 comments · 22 views
BOI targets 80% loans for power, manufacturing sectors

…energy and transport infrastructure gaps, and currency instability and multiple taxation. “These pressures reduce investment appetite, discourage industrial scale-up and trap most Nigerian firms in survival mode.” The BOI said its strategy was also designed to support small businesses, which continue to face financing…

Business by nigerianewsfeed · 2 mons ago · 0 comments · 29 views
NRS, JRB issue guidelines on virtual asset P2P marketplace

…the Joint Revenue Board (JRB) have issued comprehensive guidelines on the regulation and taxation of virtual asset peer-to-peer (P2P) marketplaces, ending years of regulatory ambiguity for Nigeria’s cryptocurrency sector. On August 3, the NRS released the Guidelines on […] The post NRS, JRB issue guidelines on virtual…

Business by nigerianewsfeed · 2 mons ago · 0 comments · 28 views
NRS releases guidelines on virtual assets taxation

The Nigeria Revenue Service has issued comprehensive guidelines on the taxation of virtual assets, providing a regulatory framework for the taxation of cryptocurrency and other digital asset transactions in line with the Nigeria Tax Act, 2025, and the Nigeria Tax Administration Act, 2025. The new guidelines are aimed a…

Investment by nigerianewsfeed · 2 mons ago · 0 comments · 30 views
Tinubu should tackle hunger, insecurity, not opponents - Atiku

…by Shaibu, Atiku said Nigerians were assured that the removal of fuel subsidy, increased taxation and other economic reforms would reduce borrowing and stabilise the country’s finances, but argued that the opposite had occurred. According to him, the latest borrowing figures demonstrated that the government’s economic…

Politics by nigerianewsfeed · 2 mons ago · 0 comments · 36 views
Reps seek consensus between importers, refiners on downstream reforms

…in Africa. However, it identified challenges including high financing costs, multiple taxation, foreign exchange volatility, inadequate storage and transportation infrastructure, pipeline vandalism, delayed bridging claims and limited access to refinery products by independent marketers. IPMAN urged lawmakers to suppor…

General News by nigerianewsfeed · 2 mons ago · 0 comments · 31 views
Delta LG 2nd Anniversary: Citizens demand greater transparency

…is another form of dividend of democracy at the grass-root is totally absent due to over taxation. As a result of double taxation private enterprises are no longer flourishing. “The Rule of Law and Justice is also absent at the grassroots as the Chairmen are not accountable to the people but the Governor who put them i…

General News by nigerianewsfeed · 3 mons ago · 0 comments · 28 views
'We're concerned about your business, not just tax collection' - EKIRS Chairman

…is committed to helping enterprises grow rather than burdening them with excessive taxation, saying a thriving business community remains key to the state’s revenue growth.Speaking during a media engagement with journalists in Ado-Ekiti, Olatona said EKIRS has shifted its focus from aggressive enforcement to taxpayer e…

General News by nigerianewsfeed · 3 mons ago · 0 comments · 29 views
Igbo community raises alarm over illegal taxation in Cross River

…The Igbo community in Cross River State has raised the alarm over alleged illegal taxation and daily harassment by non-state actors, warning that the situation is crippling businesses across the state. The concerns were raised during an interactive session involving leaders of Ohanaeze Ndigbo, businessmen, Igbo women,…

General News by nigerianewsfeed · 3 mons ago · 0 comments · 31 views
UN finds looted gold, gum arabic bankrolling Sudan war

…of Darfur and Kordofan in the west and central Sudan have faced confiscation, informal taxation and insecurity. Merchants also endured checkpoints, various charges, and cross-border smuggling along the more secure northern and eastern routes towards Port Sudan and Northern State. “Sudan’s vast wealth of natural resourc…

world-news by nigerianewsfeed · 3 mons ago · 0 comments · 32 views
NSC Cooperative declares N181.2m surplus, unveils new leadership

…to him, registered cooperative societies remain largely shielded from aggressive direct taxation because their activities are undertaken solely for the benefit of members. Giving an account of the Society’s financial performance, the outgoing president announced that N90.61 million would be paid as dividends to members…

Politics by nigerianewsfeed · 3 mons ago · 0 comments · 29 views
2027: Reps urge Nigerian Youths to shape democracy through active participation

…candidates from 35 to 30 years. He also listed reforms in education funding, taxation, electricity, cybersecurity and the digital economy as efforts aimed at expanding opportunities for young Nigerians. With preparations for the 2027 elections gaining momentum, Ihonvbere said young Nigerians remained the most important…

Politics by nigerianewsfeed · 3 mons ago · 0 comments · 33 views
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