Nigeria’s House of Representatives has passed the second reading of the Bill on National Tax Crimes and Oversight Commission. The Green Chamber passed the Bill on Wednesday after its lead sponsor, Hon. Benjamin Kalu, outlined its main objectives during the plenary session. Joined by eight other lawmakers during the presentation of the draft legislation, the […]
As anxieties continue to mount over the planned implementation of the Stephen Oronsaye report by the Federal Government, the Association of Senior Civil Servants of Nigeria (ASCSN), has warned that job losses associated with the implementation of the report could further escalate industrial action by the organized labour in the country.. The National President of […]
The House of Representatives has initiated moves to investigate the alleged N1.8 trillion tax owed the Federal Government by Multichoice group, the operator of DSTV and GoTV services. The Green Chamber’s decision to probe the TV entertainment and other services providing firm was sequel to the adoption of a motion by Rep. Saidu Abdullahi during […]
Nigeria’s upper legislative chamber, the Senate, on Tuesday passed for second reading an amendment Bill intended to set the tenures of Central Bank Governor and Deputy Governors at a six year single non-renewable term. The upper chamber is also proposing one year notice from apex bank on any policy for the replacement of old Naira […]
Ogun State Deputy Governor, Engr. (Mrs.) Noimot Salako-Oyedele, has stressed the need for the Federal Government and sub-national governments to adopt proper modalities for the demarcation of boundary lines nationwide to avoid conflicts among the people. She also harped on the need to address other socio-economic issues, including trans-border trade, cross-border integration, and adequate security […]
The Senate on Wednesday appealed to the Executive arm of government to sustain the electricity subsidy regime amid ongoing hardships in the country as a means of averting a further escalation of the sundry micro and macroeconomic whirlwinds in the economy. The Red Chamber’s decision followed the deliberation and endorsement of a motion in a […]
The Senate has advised the Federal Inland Revenue Service (FIRS) to strive for N30 trillion revenue collection in the fiscal year 2024, thereby raising the N19.7 trillion target earlier set for the tax agency. The Senate Finance Committee, during its budget presentation for 2024, advised the Service to strive to meet the projection after a […]
Nigeria’s Senate has approved the sum of N5.079 trillion as a revenue target and N706.4 billion as budget for the Nigeria Customs Service (NCS) in the 2024 fiscal year. The Red Chambers’ approval of the proposals followed the consideration of a report presentation by the Chairman of the Committee on Customs, Excise, and Tariff, Senator […]
The Federal Inland Revenue Service (FIRS) has unveiled plans to meet with the Central Bank of Nigeria (CBN) and Ministry of Works this Friday with a view to reviewing about N2.59 trillion tax credit scheme for road repairs and construction in the country. The Chairman of the federal revenue service, Dr. Zacch Adedeji, during a […]
The Chairman of Senate Committee on Capital Market and Institutions, Sen. Osita Izunaso, on Tuesday assured the Red Chambers’ commitment to legislative reforms that would support current drives to deepen investments in the Nigerian capital market. The lawmaker, who made this promise when he led a delegation of the committee to Nigerian Exchange Group (NGX […]