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Senate passes tax reform bills for second reading

The Senate has passed, for second reading, the four tax reform bills that were forwarded to it for consideration for consideration. After scaling Second Reading during plenary on Thursday, the President of the Senate, Senator Godswill Akpabio referred the four bills to the Senator Sani Musa, APC, Niger East led Committee on Finance to carry […]

VAT: Southern states contribute N387.06bn, receive N149.09bn in August

The Federal Inland Revenue Service (FIRS) has disclosed that the Value Added Tax (VAT) revenue generated by southern states in Nigeria far exceeded the amount they were allocated from the VAT pool in August 2024. According to recent data released by the FIRS, the nationwide VAT revenue for August stood at N444.19 billion, with southern […]