Business

FG unveils report to boost MSME access to

  • 30th March 2026

Trump threatens to target Iran’s energy network if

  • 30th March 2026

12 tonnes of KitKat chocolates stolen in Italy 

  • 30th March 2026

Mutual Benefits pays ₦4.2bn insurance claims in February

  • 30th March 2026

Contact Info

Some Populer Post

Power crisis deepens as FG pays only 4% of

Electricity

Nigeria’s gas production hits 7.5 bcf daily as 2030

Oil and Gas
FG targets 6500 megawatts power generation in six months

FG issues ₦501bn bond to tackle power sector liquidity

Electricity

Nigeria gets approval from UK, US, France for new

World

Tag: Tax

Seven banks paid N392.53bn in taxes in first half of 2024
News

Seven banks paid N392.53bn in taxes in first half of 2024

Seven major banks in Nigeria reported a combined tax payment of N392.53 billion for the first half of 2024, according to an analysis of their second-quarter financial results filed with the Nigeria Exchange. These tax expenses encompass various levies, including corporate tax, minimum tax, information technology tax, tertiary education tax, and the Police Trust Fund […]

FG deducts N256.5bn for gas projects in six months
News

FG launches tax exemptions for games, reality shows

The Federal Ministry of Finance has unveiled new regulations aimed at promoting entrepreneurship, academics, technology, and scientific innovation by granting significant tax exemptions on winnings from games of chance and reality shows. Effective from October 1, 2024, these exemptions are designed to stimulate participation in activities that contribute to national development in critical sectors. According […]

Bill for tax crimes commission passes second reading
News

Bill for tax crimes commission passes second reading

National Tax Crimes and Oversight Commission bill was successfully passed by the House of Representatives on its second reading on Wednesday. Following a plenary session in which the chief sponsor of the measure, Rep. Benjamin Kalu, stated its key goals, the bill was passed by the house according to The Times. Kalu promoted the initiative […]

IPMAN threatens strike over Soludo's taxation
featured

IPMAN threatens strike over Soludo’s taxation

The petroleum sales in Anambra State would have to be discontinued within the next two weeks due to threats against its members, according to the Independent Petroleum Marketers Association, Enugu Depot. According to The PUNCH, the association charged that the administration of Governor Chukwuma Soludo had overtaxed its members, imposed restrictions on their companies, and arrested […]

Stakeholders advocate tax holidays in housing sector
News

Operators push for improved tax administration

Governments at all levels have been tasked by tax practitioners to enhance their tax administration procedures in order to foster economic growth. According to The PUNCH, during a panel discussion hosted by the Nigerian Chartered Institute of Taxation, the professionals shared their insights. “Stimulating Revenue Growth through a Friendly Business and Tax Environment” was the […]

Okomu Oil Palm reports N32.9bn pre-tax profit in 2023
Business

Okomu Oil Palm reports N32.9bn pre-tax profit in 2023

Nigeria’s top oil palm production firm, Okomu Oil Palm, has revealed its financial results for FY 2023, reporting a pre-tax profit of N32.9 billion, up 43.4% from N22.9 billion in Financial Year 2022. The Times reported that the corporation, situated in Edo State, reported a revenue of N75 billion in 2023, a 26.6% increase from N59.2 billion […]

FG can train area boys to be tax officers - Oyedele
Business

FG can train area boys to be tax officers – Oyedele

The Chairman of Presidential Tax and Fiscal Policy Reform, Taiwo Oyedele, has spoken about the ongoing efforts to cut different taxes at the state and local government levels. In an interview with Channels TV, Oyedele emphasized the importance of bringing all stakeholders on board, especially Area Boys, to avoid conflicts that could occur as a result of various […]

How IRS will tax Bitcoin ETFs
Crypto News

How IRS will tax Bitcoin ETFs

With only one share, investors may get exposure to a wide range of assets and industries thanks to exchange-traded funds also known as ETFs. Investors may purchase bitcoin without actually possessing the cryptocurrency by using a bitcoin exchange-traded fund. An ETF is introduced by many entities. Regarding the bitcoin ETF, funds are contributed to a […]

LIRS sets January 31st deadline for filing tax returns
News

LIRS sets January 31st deadline for filing tax returns

The Lagos State Internal Revenue Service has set January 31st, 2023 as the deadline for businesses and individuals to file their annual tax filings. The chief of the LIRS’s Relationship Management Unit, Mojisola Aboyade-Cole, said this during an interview with Arise TV. According to her, businesses can file their tax returns online through the e-tax platform, as […]

Bill for tax crimes commission passes second reading
Business

Delta fixes annual tax returns deadline for March

Delta State employers and self-employed persons have been allowed until January 31, and March 31, 2024, respectively, to voluntarily file their yearly tax returns for the year 2023 in accordance with the Personal Income Tax Act of 2004, as amended. According to The PUNCH, this was said in a statement published on Monday by the Executive […]

Abuja Chamber urges FG, states to harmonize tax policies
Business

Abuja Chamber urges FG, states to harmonize tax policies

The Abuja Chamber of Commerce and Industry called on the federal and state governments on Monday to streamline the numerous tax systems in place in their respective domains. The PUNCH reported that ACCI’s newly elected President, Chief Emeka Obegolu, SAN, made the call in Abuja while sending the chamber’s greetings to Christians in Nigeria on the occasion of […]

Bill for tax crimes commission passes second reading
featured Oil and Gas

Oil, manufacturing sectors got highest tax exemption in 2022 – Report

The Federal Government gave the greatest tax exemption to operators in the country’s oil and manufacturing sectors in 2022, totaling N1.42 trillion. According to The Punch, this is based on a sectoral tax exemption breakdown acquired from the Medium Term Expenditure Framework and Fiscal Strategy Paper 2024-2026. According to the report, income forfeiture to 21 […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in