Rivers Not At War With FG Over Tax Collection – Wike
Governor of Rivers State, Nyesom Wike says the state is not at war with Federal government over the collection of the Value Added Tax (VAT). Rivers State has been embroiled…
Dollar To Naira Exchange Rate: Black Market Rate Skyrockets To N1675
The dollar to naira exchange rate at the black market, also known as the parallel market (Aboki fx), has skyrocketed to N1675, according to sources at Bureau De…
Fiscal Policy: 63 Items Exempted From VAT [Full List]
The federal government of Nigeria has updated the list, as they announce the exemption of some items from the VAT. The FG recently revealed that 63 items would not have…
Wike Threatens To Seal FIRS Offices if They Continue To ‘bully’ Rivers Over VAT Collection
Rivers state governor, Nyesom Wike, has threatened to seal off Federal Inland Revenue Service (FIRS) offices over controversy sorrounding value-added tax (VAT) payment within the state. Wike, who stated this…
Reps Retain 7.5% VAT Rate, Reject Proposed Increase
The House of Representatives has adopted a 7.5% Value Added Tax (VAT) rate, rejecting a proposed increase to 15% by 2030. The decision was made as part of the Tax…
‘Restructuring Has Already Begun By Force’ — Moghalu
Kingsley Moghalu, former deputy governor of the Central Bank of Nigeria (CBN), has opined that, considering the recent judgment of the federal high court in Port Harcourt, Rivers state, on…
VAT: Despite Appeal Court Ruling, Wike Inaugurates Tax commission
Rivers State Governor, Nyesom Wike on Friday inaugurated the state’s Tax Appeal Commission shortly after the Abuja Division of the Court of Appeal ordered maintenance of status quo in the…
Allow VAT Legal Battle Run Full Course – Ekweremadu Tells National Assembly
Former deputy president of the senate, Ike Ekweremadu has called on the national assembly not to interfere in the ongoing battle between the Federal Inland Revenue Service and some states…
‘FIRS Should Continue to Collect VAT And Share, Not States’ — Governor Umahi
Governor David Umahi of Ebonyi State has declined supporting colleagues from Rivers, Lagos and other states in their bids to collect Value Added Tax, VAT. Governor David Umahi asserted that…
VAT: Lagos, Rivers Are Nothing Without Other States – Masari
Governor Bello Masari of Katsina state, has criticized Lagos and Rivers States over their insistence on Value Added Tax (VAT) collection. Both Rivers and Lagos States have engaged the Federal…