Tag: company income tax

FG Owed N5.2trn, Says Ahmed, Orders FGOEs, MDAs To Update Debtors’ List On Monthly Basis

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed yesterday revealed that the federal government was being owed approximately N5.2 trillion. She therefore directed all Federal Government Owned Read More

NEITI: Companies Owed FG N1.32trn In 2020, Oil Revenue Dipped By 40%

Nigeria Extractives Industries Transparency Initiative (NEITI)

$394bn remitted to government in 10 years, 4% of Nigeria’s gas production unaccounted for The Nigeria Extractives Industries Transparency Initiative (NEITI) yesterday revealed that oil companies’ liabilities to the federation Read More

FG Commences Collection Of Income Tax On Bonds, Short-term Securities From Today

VAT and taxes

Stockbrokers express divergent view over new policy e The federal government will today commence the collection of income tax on bonds, short-term securities. This followed the expiration of a 2012 Read More

FG Generates N392.77bn From Company Income Tax In Q1

National Bureau of Statistics

The federal government generated a total of N392.77 billion as Company Income Tax (CIT) in the first quarter of the year (Q1 2021), representing 32.82 per cent increase compared to Read More