Why implementing new tax laws by January 1 is necessary – Oyedele
Tax expert, Oyedele, has emphasized the importance of implementing new tax laws by January 1, 2026. According to him, timely enforcement ensures smooth revenue collection, prevents legal confusion, and allows businesses to plan effectively for the fiscal year. Delays in rolling out tax laws, he said, can lead to administrative bottlenecks and reduce government revenue. […]
Ground Rent: You’ll lose your properties to FCTA – Wike issues last warning to defaulters
The Minister of the Federal Capital Territory, Nyesom Wike, has issued a final warning to property owners who have failed to pay their ground rent in Abuja. Wike stated that the Federal Capital Territory Administration (FCTA) will not hesitate to revoke the rights of defaulters and reclaim their properties if they continue to ignore payment […]
Revenue: Edo Govt Bans Direct Cash Collection, Reiterates Ban On Touts
The Edo State Government, under the leadership of Governor Monday Okpebholo, has implemented a ban on direct cash collection for revenue purposes throughout the state. This decision comes after several reports of individuals posing as revenue officers and extorting money from commercial bus drivers and market women. In a statement, the state’s Secretary, Umar Musa […]
Apapa Customs Command Achieves ₦2.1 Trillion Revenue in 2024 and Receives Award
The Apapa Command of the Nigeria Customs Service (NCS) has reached a major milestone by generating ₦2.1 trillion in revenue in 2024. This remarkable achievement highlights the progress in trade facilitation and the contribution to Nigeria’s economic growth. The milestone was celebrated in Abuja, where the Comptroller-General of Customs, Wale Adeniyi, praised Dr. Babatunde Olomu, […]
Edo Government Halts Revenue Collection in Motor Parks, Orders Arrests for Violators
Edo State has decided to suspend revenue collection in motor parks and other public areas across the state. This move came from Governor Monday Okpebholo, who announced that the suspension would remain in place indefinitely until further notice. Governor Okpebholo also gave an order to the State Commissioner of Police, instructing them to arrest anyone […]
Nigeria Customs Achieves N5.07tn Revenue Target for 2024
The Nigeria Customs Service (NCS) has accomplished a significant milestone in its revenue collection efforts for the year 2024. By November 12, the service had already collected N5.04 trillion, a substantial amount that puts it on track to exceed its 2024 target of N5.07 trillion. This accomplishment comes with just under a month left in […]