Shark Tank's Biggest Successes: Bombas Hits $2 Billion
Discover the 10 most successful Shark Tank products ranked by real revenue. From Bombas' $2 billion empire to Scrub Daddy's cleaning revolution, see which pitches became business giants.
Category : Search result: Bombas revenue
NRS: VAT on Banking Fees Isn't New - Full Details
The Nigeria Revenue Service clarifies misconceptions about VAT on banking services, stating it's not a new tax. Learn what changed and what remains exempt.
NRS: Banks Pay VAT on Transfer Fees, Not Customers
The Nigerian Revenue Service clarifies that the 7.5% VAT applies to bank service charges, not transaction values. Implementation begins January 19, 2026. Read the full details.
New 2026 Bank Charges: VAT, Stamp Duty Explained
Starting 2026, Nigerians face new costs: a 7.5% VAT on mobile/USSD fees and a ₦50 stamp duty on transfers above ₦10,000. Learn all the details and how to plan for higher digital banking expenses.
New 7.5% VAT on Mobile, USSD Bank Transfers in Nigeria
Nigerians will pay a 7.5% VAT on mobile transfers and USSD banking from January 2026. Fintech firm Moniepoint clarifies it's a government directive, not a price hike. Consumer groups warn of financial strain.
7.5% VAT on Mobile, USSD Bank Transfers Starts Jan 19
Nigerians will pay 7.5% VAT on mobile transfers & USSD fees from January 19, 2026. NATCOMS calls it 'double taxation' and threatens legal action. Read the full details.
Group Praises Public Support for Tax Reforms, Warns on Misinfo
National Interest Defenders commend Nigerians for supporting the new tax regime, highlighting its role in boosting revenue and infrastructure. The group warns against misinformation campaigns aimed at derailing the reforms.
Illegal Revenue Collectors Terrorise Lagos-Ibadan Expressway
Motorists on the Lagos-Ibadan Expressway face daily extortion and theft by illegal 'revenue boys.' The Ifo Local Council vows arrests. Read more on the crisis and official response.
FAAC Shares N6tr in Q3, Lagos Gets N179bn
Nigeria's FAAC disbursed a record N6 trillion in Q3 2025, with Lagos and oil-producing states receiving huge allocations. NEITI warns of fiscal risks as oil prices soften. Read the full breakdown.
Obi Flags Issues in Nigeria's Controversial Tax Reforms
Peter Obi criticises Nigeria's new tax laws, citing KPMG report on flaws. NRS defends reforms. Read about the potential impact on investment and the social contract.
NRS Publishes Phone Number for Tax Issues Reporting
Nigeria Revenue Service opens dedicated phone line and email for citizens to report problems with new 2026 tax laws. Get help with TIN, exemptions, and compliance.
DisCos Record N92.93bn Revenue Gap in October
Nigerian electricity distributors faced a N92.93bn revenue shortfall in October 2025 due to billing and collection inefficiencies. NERC data reveals stark performance gaps among DisCos. Read the full analysis.
Ex-Ogun Adviser Slams Tinubu's Tax Reform as Anti-People
Former Ogun State Special Adviser, Dr Ibrahim Osinowo, criticises President Tinubu's tax reforms, calling them anti-people and a burden on struggling Nigerians. Read his full statement.
5 Northern States Adopt New National Tax Reforms
Jigawa, Plateau, Kogi, Nasarawa, and Kwara states are implementing new harmonised tax laws to boost IGR, curb multiple taxation, and create a business-friendly environment in line with President Tinubu's fiscal agenda.
16 Fuel Ships Dock in Lagos, Customs Revenue Hits N2.93tn
Sixteen ships carrying petrol, diesel, and aviation fuel have arrived at Lagos ports. Meanwhile, the Apapa Customs Command announced a record N2.93 trillion revenue for 2025, a 24.32% increase.
Customs Generates N2.93trn at Apapa Port in 2025
The Nigeria Customs Service, Apapa Port Command, recorded N2.93 trillion revenue in 2025, a 24.32% increase. Controller Emmanuel Oshoba credits technology and stakeholder compliance. Read more.
CITN: Sustained Implementation Critical for Tax Reform
CITN President Innocent Ohagwa outlines the pillars for Nigeria's new tax reform success: sustained implementation, capacity building & stakeholder engagement. Learn how the reforms aim to harmonize taxes and boost revenue.
Customs Generates N2.93tr at Apapa Port in 2025
Nigeria Customs Service's Apapa Command reports a record N2.93 trillion revenue for 2025, a 24.32% increase. The feat is credited to tech deployment and stakeholder compliance. Read more on the strategies and enforcement wins.
Customs Seizes N47.6bn Illicit Goods in Port Harcourt
The Nigeria Customs Service, Port Harcourt II Command, intercepted 75 containers of illicit goods, including expired drugs, valued at N47.6bn. The command also surpassed its 2025 revenue target. Read the full report.
Nigeria's Tax Reform: 10 Ways States Will Benefit
Nigeria's proposed tax reform bills aim to reshape fiscal federalism, granting states more autonomy and revenue. Discover the 10 key benefits set to transform governance and infrastructure.
Customs Port Harcourt II Generates ₦731.2bn in 2025
The Nigeria Customs Service, Port Harcourt II Command, generated ₦731.2 billion in 2025, surpassing its target by over 104%. Discover how they achieved this milestone and their major seizures.
US Venezuela Oil Plan Poses Risk to Nigeria's 2026 Budget
Experts warn that US efforts to revive Venezuela's oil industry could destabilise Nigeria's 2026 budget, which relies heavily on uncertain oil earnings. Discover the potential impact and calls for diversification.
Tax Reform Execution Delayed, Port Agencies in Limbo
The implementation of Nigeria's new tax laws faces sluggish execution due to poor inter-agency coordination. NPA and NIMASA continue port collections as the National Single Window's March timeline remains uncertain.
Clarifying FG Revenue vs Federation Account Funds
Public debate on Nigeria's finances is clouded by confusion. We break down the key distinction between total government revenue and the Federal Government's actual share. Understand the facts behind the recent statements.
Nigeria's N58tr Budget Faces $10bn Hole from Venezuela Crisis
Political upheaval in Venezuela could flood oil markets, slashing prices and creating a $10 billion shortfall in Nigeria's 2026 budget. Experts warn of severe fiscal strain and pressure on the Naira. Read the full analysis.
Akwa Ibom Gov Ends Deals With All Revenue Contractors
Akwa Ibom State Governor, Pastor Umo Eno, has terminated all revenue contractors and consultants to ensure transparency and centralised collection. Discover the new reforms.
ADC: Tinubu's NNPC Debt Cancellation Unconstitutional
The ADC party warns President Tinubu's write-off of NNPCL's legacy debt is illegal and will cause massive revenue loss for states and LGAs. Read the full analysis.
FG Unveils New Nigeria Revenue Service (NRS) Identity
Nigeria's Federal Inland Revenue Service (FIRS) has officially transformed into the Nigeria Revenue Service (NRS). Discover the new logo, public reactions, and what this means for taxpayers.
FIRS Transitions to Nigeria Revenue Service (NRS)
A new era begins as the Nigeria Revenue Service (NRS) officially replaces the FIRS. Discover the goals of the new tax regime and what it means for Nigeria's economy.
New Nigeria Revenue Service Logo Unveiled in Abuja
NRS Chairman Zacch Adedeji unveils the agency's new logo, signaling a commitment to a unified, efficient revenue system aligned with Nigeria's economic agenda. Read more.
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