Foreign investment in Nigeria hits five-year low
The total value of capital importation into Nigeria declined year-on-year by 31 percent to $6.7 billion in 2021, the lowest in five years, according to the National Bureau of Statistics…
Browsing Tag
Nigeria’s VAT
Nigeria’s VAT revenue hits N1.5trillion in 9 month
Revenues generated from collection of Value Added Tax (VAT) totalled N1.509 trillion in the first Nine months of 2021, representing an increase from N1.176 trillion recorded in the same…
Top four consumer trends to expect from Nigeria’s VAT controversy
The current discourse on Nigeria’s VAT controversy appears to be focusing on who will get a greater piece of the pie between the state and the federal government. Yet, nobody appears to care…
VAT dispute is constitutional, not capacity of states to collect
The judgment of the Federal High Court (FHC) in the case between Rivers State and Federal Inland Revenue Service (FIRS) has turned many Nigerians into overnight Tax Consultants and turned…
VAT: Nigeria’s private sector seeks clarification ahead Sept 21 deadline
Nigeria’s organised private sector (OPS) is seeking further clarification from the government on the tax authority to remit their August’s value-added tax (VAT) which falls due September 21.…