Category: Business
My Position on VAT
By Taiwo Oyedele “Currently, VAT is Shared 50% to states, 35% to local government, and 15% to the federal government. The federal government will not lose money if...
Forex: No plan to convert domiciliary accounts into naira — CBN
The Central Bank of Nigeria has assured members of the public that it didn’t issue a directive to convert the foreign exchange in the domiciliary...
VAT war:PDP wants South South governor’s to join Lagos,Ogun
The Peoples Democratic Party (PDP) has called on the South-South governors to give backing to the recent legal move to reposition the collection of Value Added...
N70billion AMCON Debt: Court Stops Jimoh Ibrahim, NICON Insurance From Forum Shopping
From all indications, the last may not have been heard about the high-profile debt case involving businessman Barrister Jimoh Ibrahim and his companies and the Asset...
Tincan Island Customs rakes in N320bn in eight months
The Area Controller, Tincan Island Command, Nigeria Customs Service, Comptroller Abdullahi Musa, on Thursday said that the command generated N320.96...
VAT: Ortom to Rivers and Lagos-I stand by you
Gov. Samuel Ortom of Benue has said he will embrace the constitutional provisions concerning the Value Added Tax (VAT) whether they affect his State...
Appeal Court halts Rivers, Lagos from collecting VAT
The Court of Appeal in Abuja has halted the Rivers State government from collecting Value Added Taxes, VAT until all legal disputes relating to the matter are resolved....
VAT WAR: Sanwo-Olu signs VAT bill into law
In spite of a Court of Appeal ruling,Lagos State, Governor, Babajide Sanwoolu has signed Bill on Value Added Tax as passed by Lagos house of Assembly Thursday...
VAT: FIRS writes National Assembly, seeks exclusive power
In what appears as a desperate bid to maintain control over collection and disbursement of Value Added Tax,VAT,the Federal Inland Revenue Service, has written the...
The die is cast:Lagos moves to collect VAT
….No Going Back -State Attorney General All is now set for the affirmation of the Federal High Court judgement on Value Added Tax as Lagos,the state which...
