…Follow Legit.ng on Instagram!Revenue grew 21.4% to N2.51 trillion, profit before tax climbed 34.4% to N981.4 billion, and EBITDA expanded 25.8% to N1.19 trillion.Nigeria drove the bulk of those results, contributing over 90% of consolidated profit. Domestic revenue hit N1.81 trillion and operating profit crossed N1 tri…

…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…

Sterling Financial Holdings Company Plc increased its profit after tax by 20.4 per cent to N50.30bn in the first half of 2026, despite a sharp rise in loan loss provisions as the lender expanded its credit portfolio. The financial holding company reported profit after tax of N50.30bn for the six months ended 30 June 20…

…metric tons sold across the group, delivering N1.086tn in earnings before interest, taxes, depreciation, and amortisation. Meanwhile, Pan-African operations maintained steady top-line growth, generating N775.35bn in revenue, a 13.67 per cent year-on-year rise, and contributing N136.57bn to group EBITDA. Strong top-line…

…my food is ready. "Also, You must be an orphan. I cannot afford to be paying 'in-law' tax or sending bags of rice to your village every Christmas. I want a woman who has no one else in this world but me. Also, you must not have more than one sibling, and that sibling must be living far away. ​"Further more, please for…

…Masara and Garin Mace. According to the sources, the suspect admitted to collecting taxes on behalf of the terrorist leader and facilitating the selection of individuals for abduction around Monguno. Investigators also recovered two telephone numbers allegedly linked to Akilu from the suspect's mobile phone as part of…

…climate. He also called for greater regulatory coordination, warning that multiple taxes, inconsistent foreign exchange access for technology payments and overlapping regulations continue to increase the cost of doing business. The post Nigeria risks losing Africa’s tech investment edge, LCCI warns appeared first on Va…

…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…

…Shepard Rose Jr. to be an Assistant Attorney General in the Department of Justice, Tax Division. According to the American Presidency Project, he succeeded Roger Milton Olsen.Frances RoseShep Rose and his mother, Frances Rose, during his graduation. Photo: @relationshepname: Frances Hobbs RoseNationality: AmericanProfe…

…yes. The next day he got to the border, the biker man crossed him to Togo, talked to a taxi driver to please take him to seme border. That when he gets to seme he will pay him, the driver agreed. Soon as they got to seme, the boy was able to withdraw cash and pay the driver and also pay the biker. That was how he went…

…government said every £1 invested in IDA unlocks £4, helping to maximise the impact of taxpayer funding.

…gambling operators across Africa cost governments an estimated $3.55 billion in lost tax revenue in 2025Find it fast with our new search feature at Legit.ng! Legit.ng journalist Victor Enengedi has over a decade's experience covering energy, MSMEs, technology, banking and the economy.Nigeria has ranked as the best-perf…

…of opaqueness, one that enacts budgets it has no intention of implementing, increases taxes and revenues while poverty deepens, and treats the ordinary Nigerian as nothing more than a beast of burden to be milked dry. Oyedele’s central argument, that the apparent explosion in Nigeria’s debt stock from N75 trillion to N…

…impoundment of five vehicles for various offences, including operating an unauthorised taxi park at Pinnacle Junction along Okpanam Road and facilitating the sale and distribution of suspected illicit drugs in the area. The Delta State Police Public Relations Officer, SP Bright Edafe, disclosed this in a statement issu…

…operating principle: public support must be earned continuously and transparently. Every tax credit, every unit of subsidised power and every act of government patronage, he argued, should be conditional on performance that is verified and published — the same discipline the NSDC applies under the Sugar Backward Integr…

…Oyedele, has inaugurated an Inter-Ministerial Committee to develop the 2026 Value Added Tax (VAT) Modification Order. The Ministry’s Head , Information and Public Relations, Efe Ovuakporie, in a statement, this morning said the committee was Inaugurated in Abuja, on Friday, in a move aimed at ensuring the effective imp…

…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…

…enterprises could not access affordable financing. He also reaffirmed MAN’s support for tax reforms that modernise tax administration and improve revenue generation but opposed the retroactive application of the 2025 Nigeria Tax Laws, noting, “Our position remains unchanged. We support reforms that modernise tax admini…

…within a short period, resulting in another cycle of emergency interventions funded by taxpayers. This is neither economically prudent nor sustainable.” He described the Benin–Sapele–Warri Road as one of Nigeria’s most strategic highways and a major economic gateway to the Niger Delta, lamenting that it has suffered ye…

…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…

…companies to establish local operations, they have created employment, expanded tax revenues, strengthened regulatory engagement, promoted innovation and encouraged technology transfer to their citizens,” he said. Citing Ireland as an example, Nwoko said the presence of companies such as Meta, Google, LinkedIn, TikTok…

…LPG, support fertilizer and petrochemical industries, earn export revenue and generate taxes and royalties,” he said. A resource burned instead of used Nigeria has one of Africa’s largest proven natural gas reserves, estimated at more than 215 trillion cubic feet, yet gas flaring remains a persistent feature of oil pro…

…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,…

…filing. Driven by robust domestic sales and tighter capital management, net profit after tax surged 53.2 per cent year-on-year to N25.30bn. Basic earnings per share subsequently expanded to 1,155 kobo, compared to 754 kobo in H1 2025. “The expansion in net profit reflects significant improvements in capital efficiency,…

…The bill also provides for funding from appropriated portions of the Value Added Tax pool, Federal Government returns from the Sovereign Wealth Fund and other sovereign investment vehicles, as well as proceeds from assets finally forfeited in corruption-related cases, subject to legislative approval. Abdullahi stressed…