Tax profit

February 25, (THEWILL) - Nigeria’s non-oil revenue, known for its tardy, clay-footed performance in previous years, has recorded exponential growth in the post-COVID-19 period. Data from the Federal Inland Revenue Service (FIRS) showed that the nation’s non-oil revenue soared...

February 13, (THEWILL) - The Federal Inland Revenue Service (FIRS) does not require companies earning less than N25 million to pay tax, says an official of the agency According to the official, FIRS has no plans to tax online content...

By Jude Obafemi February 09, (THEWILL) - Football giant, Barcelona, have been slapped with a €23 million fine after being found guilty of tax evasion between 2012 and 2015. An investigation revealed that the club failed to properly declare...

January 28, (THEWILL) - The Nigerian National Petroleum Company Limited (NNPCL) recorded a profit after tax of N2.5 trillion for the 16 months to December 2022, its latest audited financials show. The new report breaks away from the previous tradition...

December 03, (THEWILL) - Ecobank Group reports strong performance during the first half of 2022, with unaudited Profit before Tax (PBT) increasing by 24% to US$261 million. The Group also announced a record return on tangible equity of 19.5%...

November 12, (THEWILL) - The Nigerian Extractive Industries Transparency Initiative (NEITI) on Thursday said the federal government revenue-generating agencies remitted a total of about N14.38 trillion as revenue from the extractive sector to the Federation Account (FA) between 1...

October 01, (THEWILL) - Dangote Group, a Nigerian multinational industrial conglomerate, announced Thursday that its subsidiaries have paid N474 billion in tax to the federal government in three years. A representative of the Dangote Group, Hashem Ahmed, disclosed this at...

September 19, (THEWILL) - Oando Plc has announced a profit after tax (PAT) of N32.9 billon in its full-year-ended 2021 financials. This year, 2023, has seen the Company record positive highlights, including the recent announcement of its intent to...

Some stakeholders have commended President Bola Tinubu for the recently inaugurated Presidential Committee on Fiscal Policy and Tax Reforms, chaired by Mr Taiwo Oyedele.They made the commendation in separate interviews with the News Agency of Nigeria (NAN) 0n Friday...

Ecobank Group released its 2023 second-quarter results showing a 63% increase in pre-tax profits to N92.52 billion. The increase in second-quarter profits helped its half-year profit before tax to rise by 38% to N150.31 billion compared to N108.96 billion...