Business
FG Approves Two-Year Tax Break On Pharmaceutical Raw Materials
Nigeria exempts pharmaceutical raw materials from import duties and VAT for two years to boost local drug production and reduce healthcare costs.
27 March 2025
VAT
Business
Manufacturing, Telecoms, Mining Are Leading VAT Revenues For Nigeria – NBS
Nigeria’s VAT revenue rose by 14% in Q3 2024, reaching N1.8 trillion. Manufacturing, ICT, and mining sectors led the contributions
22 January 2025
Business
NACCIMA Urges President Tinubu to Implement Tax Reforms
NACCIMA calls on President Tinubu’s administration to lower corporate tax to 19% and VAT to 7.5% while fostering private sector
6 January 2025
Business
Finance Minister Debunks Rumors Of 10% VAT Increase From 7.5%
Finance Minister refutes rumors of a VAT hike from 7.5% to 10%, clarifying the government’s stance on tax policy.
9 September 2024
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