Tag: VAT

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FAAC Allocation, Oil Revenue Is Why Many States Ain’t ‘Viable’- Osinbajo

FAAC Allocation, Oil Revenue Is Why Many States Ain’t ‘Viable’- Osinbajo

In apparent agreement with the recent call by the Central Bank of Nigeria CBN), as well as experts, for the government to stop the monthly revenue sha...
NGSE Begins 7.5% FG’s VAT Implementation On Transactions Fees Monday

NGSE Begins 7.5% FG’s VAT Implementation On Transactions Fees Monday

The management of the Nigerian Stock Exchange NSE), on Thursday informed stockbroking firms that implementation of the Finance Act 2019, signed into l...
Nigeria’s 2020 Budget: When ‘Other Revenue’ Sources Become King

Nigeria’s 2020 Budget: When ‘Other Revenue’ Sources Become King

By CardinalStone Partners Research President Muhammadu Buhari presented the 2020 federal budget proposal at a joint session of the National Assembly ...
Expected 7.5% VAT Income ‘Too Little’ To Close Govt Revenue Gaps, CBN Tells FG

Expected 7.5% VAT Income ‘Too Little’ To Close Govt Revenue Gaps, CBN Tells FG

•Seeks Building Of Fiscal Buffer, Transparent Privatisation Of Idle Assets Against most analysts’ expectation for a rate cut, the Central Bank of Nig...
Poor Liquidity, Weak Transaction Value, Volume Still, As Investors Digest Q2 Earnings

Poor Liquidity, Weak Transaction Value, Volume Still, As Investors Digest Q2 Earnings

Market Update for July 29 The Nigerian Stock Exchange (NSE) recorded a seeming rebound on Monday to start the week positive, as the disappointing hal...
FG Records N35.21bn Surplus In August, Says CBN Report

FG Records N35.21bn Surplus In August, Says CBN Report

The Central Bank of Nigeria (CBN) Economic Report for the month of August released at the weekend showed that despite a 32.7% decline in federally-col...
RT Briscoe Nets N3.16bn Loss, As Auditors Propose Fresh Capital Injection

RT Briscoe Nets N3.16bn Loss, As Auditors Propose Fresh Capital Injection

The suspension of trading on the shares of RT Briscoe may be lifted soon, following Tuesday’s release of its audited financials for the year ended Dec...
Nigeria’s 36 States Earned 49% Of Revenue From FAAC In 2017- CBN

Nigeria’s 36 States Earned 49% Of Revenue From FAAC In 2017- CBN

The Central Bank of Nigeria (CBN) says total revenue of the 36 state governments in the country grew by a robust 21.3% to N2.992tr in 2017, representi...
FIRS Begins Audit Of VAT, WHT Collections By States’ MDAs

FIRS Begins Audit Of VAT, WHT Collections By States’ MDAs

Babatunde Fowler, the Executive Chairman of the Federal Inland Revenue Service (FIRS), on Thursday urged Governors and Finance Commissioners of Nigeri...
Half-Year: FIRS Rakes In N2.529tr, 75% of 2018 Revenue Target

Half-Year: FIRS Rakes In N2.529tr, 75% of 2018 Revenue Target

The Federal Inland Revenue Service (FIRS), on Friday said it has so far collected N2.529tr tax revenue in the half-year between January and June, 2018...
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