In a move that has sparked widespread dissatisfaction, operators of Point-of-Sale (POS) terminals have increased their charges, following the implementation of the Federal Inland Revenue Service’s (FIRS) Electronic Money Transfer Levy (EMTL). This N50 levy applies to any electronic transfer of N10,000 or more, in line with the new tax regulations. Starting December 1, 2024, […]
The Federal Inland Revenue Service (FIRS), Nigeria Customs Service, and Nigeria National Petroleum Company Limited (NNPCL) announced on Monday that they exceeded their respective revenue targets for the current fiscal year. During a session with the Joint Committee on Finance, Budget, and National Planning on the 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper […]
