Tags : VAT

Business Latest News News Nigeria

FG approves N14.8bn workers’ insurance cover, COVID-19 oxygen plants CBN

The Federal Executive Council presided over by the President, Major General Muhammadu Buhari (retd.) has approved the disbursement of N9.2bn as premium for insurance companies who will manage group life insurance coverage for federal civil servants. The Minister of Information and Culture, Lai Mohammed, disclosed this on Wednesday at the Presidential Villa, Abuja, at the […]Read More

Latest News Nigeria

FG, States, LGs Share N679.699bn May Allocation

The Federation Account Allocation Committee (FAAC) Thursday shared a total of N679.699 among the three tiers of government—the federal, state and local governments—as allocation for the May. The amount, shared at a joint meeting of FAAC, which held in Kano, includes total revenue distributable for the month, including Value Added Tax (VAT) of N106.826 billion […]Read More

Latest News Metro News Nigeria

Federal Government To impose 5% VAT On Online Betting Games

The Federal Government has announced plans to charge Value Added Tax (VAT) on lottery and gaming activities. This was announced in Lagos at a stakeholders’ engagement session with lottery and gaming operators. The session, organised by the Federal Inland Revenue Service (FIRS) in conjunction with the National Regulatory Commission (NLRC), had in attendance top brass […]Read More