Presidential tax committee recommends N800/$ Customs duty rate
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Presidential Committee seeks tax exemption for 95% of informal sector businesses
The Presidential Fiscal Policy and Tax Reforms Committee has said that it is working on a system that will provide tax relief to 95% of the informal sector of the economy in the country. Chairman of the Committee, Mr Taiwo Oyedele, stated this at the closing session of the committee on Sunday in Abuja. According […] More
Nigerian Senate passes bill to amend NDLEA Act, approves death sentence for drug offenders
The Nigerian Senate has approved the imposition of the death penalty on individuals found guilty of drug trafficking within the nation’s borders. The decision, made on Thursday, May 9, marks a significant shift from the existing punishment outlined in the National Drug Law Enforcement Agency (NDLEA) Act, which imposes a maximum sentence of life imprisonment. […] More