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  • CBN Offered N7.33trn Treasury Bills in Six Months

CBN Offered N7.33trn Treasury Bills in Six Months

In the first half of the year (H1 2022), the Central Bank of Nigeria (CBN) claimed it provided treasury bills worth N7.33 trillion, while total public subscriptions came to N10.94…

Nigeria Pays ECOWAS $100M in Levies for 2022

The Economic Community of West Africa (ECOWAS) has received community levy payments totaling US$100,324,011.33 from the Federal Government of Nigeria just this year. This was stated during the presentation of…

Free Trade Zones have Generated $46b, says FG

The Nigerian government has disclosed that thus far, investments in its export processing zones have totaled $46.6 billion.   At the 30th anniversary of Nigeria’s free trade zone program, Prof.…

Tax Credit Scheme: MTN to Spend N202b on Enugu-Onitsha Road Construction

The Federal Government says the amount was approved to complete the outstanding works of an aggregate of 91.9km on both sides.

Finally, FG Makes U-turn on Proposed Tax on Telcoms Services

Prior to this, the Nigeria’s Finance Ministry had insisted that the country was in financial crises and needed a way out.

[BREAKING] Pantami Kicks Against Proposed Tax on Telcom Services

“I have not been officially informed about it and we at the Ministry are not satisfied with any effort to introduce excise duty on telecommunications.

“We Remitted N757.7b in 2021,” MTN Reacts to Tax Remittance Discrepancies

"The company is committed to paying all taxes due and on time and has zero tolerance For non-compliance. The above is to clarify the information previously released by MTN Nigeria."

FIRS Digitization Plans Will Curb Tax Evasion and Revenue Loss

TechEconomy gathered that Nigeria may have lost about $178 billion (about N5.4 trillion) to tax evasion by multinationals in ten years.