tax revenue Archives - Vanguard News

Nigeria loses $18bn annually to tax evasion, money laundering, others ― CISLAC

Nigeria’s Company Income Tax revenue down 28.9% in Q4’20

On January 28, 20213:12 amIn Economyby Urowayino Jeremiah

By Yinka Kolawole The Company Income Tax CIT) generated in Nigeria decreased by 28.91 percent, quarter-on-quater (QoQ), to N295.72 billion in the fourth quarter of 2020 (Q4’20) from N416.01 billion in Q3’20. Disclosing this in its report on the sectoral distribution of CIT for Q4’20 released yesterday, the National Bureau of Statistics (NBS) further noted
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State govts revenue to be strained over high debt-to-revenue ratio

On December 7, 20187:23 amIn Business, Finance, Newsby vanguard

The revenue of the states in the country will be further strained in the coming months owing to their rising debt portfolio and cost of servicing those debts.

MAN hails Police over arrest of illegal Chinese miners in Zamfara

Reps investigate $50bn loss in gold tax revenue, illegal mining

On July 20, 20182:13 amIn Newsby Emmanuel Okogba

House of Representatives, yesterday resolved to investigate the loss of over $50 billion (N8 trillion) in gold revenue tax from 2013 to 2018.