It’s not new – FIRS clarifies 4% development levy
The Federal Inland Revenue Service (FIRS) has clarified that the widely discussed 4% development levy is not a new charge. According to the agency, the levy has been part of Nigeria’s tax system for years, but many businesses and individuals only recently became aware of it. FIRS stressed that the levy was already established under […]
FG, States, LGs Shared ₦2.2 Trillion August Revenue – FAAC
The Federation Account Allocation Committee (FAAC) has announced that the Federal Government, states, and local government councils shared a total of ₦2.225 trillion as revenue for August 2025. This marks an increase of ₦224.1 billion (11.2%) compared with the ₦2.001 trillion shared in July. According to a statement by the Office of the Accountant General […]