Tax Act spells out N10m penalty, 10-year jail term for offenders
Tax Act spells out N10m penalty, 10-year jail term for offenders The days of treating tax non-compliance as a purely administrative matter are over, as Nigeria’s new tax legislation introduces stringent penalties, including a N10 million fine and imprisonment for... Read More →
Nigeria centralises revenue flows in boldest overhaul since TSA
Nigeria centralises revenue flows in boldest overhaul since TSA The federal government has launched its most ambitious public finance reform in more than a decade, unveiling a unified revenue platform that integrates the Treasury Single Account (TSA), the Government Integrated... Read More →
FX market records mild naira depreciation to N1,451.86/$
FX market records mild naira depreciation to N1,451.86/$ Nigeria’s currency weakened slightly at the official market on Monday, as the Nigerian Foreign Exchange Market rate closed at 1,451.86/$ from 1,450.43/$ recorded on Friday. According to data from the NFEM daily... Read More →