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Farooq

Posts Tagged "tax"

HomePosts Tagged "tax"

ABUJA May 22 (Reuters) – Nigeria will increase the interest rate on unpaid taxes to discourage companies and individuals from paying late and racking up a larger debt, the finance ministry said on Monday. The ministry said the measure will take effect on July 1 and that the rate would be five percent over a […]

By Alexis Akwagyiram LAGOS May 9 (Reuters) – Nigeria’s government should simplify taxes and reduce fees involved in laying fibre optic cables to encourage development of infrastructure for the technology industry, Google’s manager in the West African country said on Tuesday. Juliet Ehimuan-Chiazor told Reuters boosting the technology industry would help diversify Nigeria’s oil-dependent economy, […]

The Lagos State Government has said that its internally generated revenue (IGR), increased by N36.9 billion to N436.3 billion in 2016 from N399.4 billion in 2015. The Commissioner for Finance, Akinyemi Ashade, said this yesterday at a press briefing to mark the second year anniversary of Governor Akinwumi Ambode’s assumption of office. Ashade said that […]

The federal government plans to raise the value-added tax (VAT) on luxury times — subject to the approval of the national assembly. Briefing the media after the federal executive council meeting on Wednesday, finance minister Kemi Adeosun said the cabinet, presided over by Vice-President Yemi Osinbajo, has approved the revised national tax policy to address low […]