The Federal Government of Nigeria generated N103.7bn in revenue from Electronic Money Transfer Levies (EMTL) in the first half of 2024, marking a 7.55% increase compared to N96.44bn in the same period of 2023. Data from the Central Bank of Nigeria revealed this growth, driven by the rising adoption of digital payment platforms as more … Read more
The Senate on Tuesday received an executive bill from President Muhammadu Buhari to amend the Finance Act 2019 recently passed by the National Assembly. The Act which was passed by the Senate on November 21, 2019, received Presidential assent on January 13, 2020. The executive bill, accompanied with a formal letter dated March 6, 2020, … Read more
In a bid to make sure that the price of living does not rise for Nigerians because of the modifications in the Value-Added Tax, Federal Government has clarified that tuition relating to nursery, primary, secondary and tertiary education, several basic food items and locally manufactured sanitary towels have been exempted from attracting value added tax. … Read more