…..says NNPCL remits no money to Federation Account ……..NNPCL’s Mgt debunks allegation The Revenue Mobilisation Allocation And Fiscal Commission (RMAFC) has disclosed that the total sum of N5,244,037,636,561.60 accrued into the Federation Account in the first half of this year based on figures from the monthly reports of the Federation Account Allocation Committee (FAAC) […]
The Federal Government has disclosed that it recovered about N57 billion from the N5.2 trillion debt owed by 10 Ministries, Departments and Agencies (MDAs) under the Project Light House Programme with the adoption of the Debt Analytics and Reporting Application tools. The disclosure was made by Director, Special Projects of the Federal Ministry of Finance, […]
….As revenue service generates N8.5trn in 9 months The newly appointed Acting Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch, Adedeji, has restated the determination of the President Bola Tinubu-led administration to exponentially shore up Nigeria’s revenue generation to minimize borrowing and improve the nation’s fiscal system for the country’s sustainable […]
……Develops Revenue Computation, Allocation Software The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) at the weekend said it recovered N319 billion unremitted revenues from Ministries, Departments, and Agencies (MDAs) over the last two years. The Chairman of the commission, Mohammed Shehu, who gave this hint during a media chat in a media on Saturday, explained […]
The outgoing Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammed Nami, has projected that the service will achieve a new revenue collection record of at least N13 trillion by the end of this year in view of its ongoing drives. If the projected target is met, it would imply that the federal revenue […]
President Bola Ahmed Tinubu has approved the appointment of Dr. Zacch Adedeji as the Acting Chairman of the Federal Inland Revenue Service (FIRS). The new FIRS’ boss who was previously the Special Adviser on Revenue to the President holds a first-class degree, a Masters degree in Accounting and subsequently earned his PhD in Public Sector […]
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has promised tax payers in the country that ongoing fiscal policy and tax reforms by the President Bola Tinubu-led administration will not lead to higher taxes. Oyedele gave this assurance via his official X-app handle while answering FAQs from the […]
Nigeria’s Value Added Tax (VAT) collections in the second quarter of this year surged to N781.35 billion, representing a 10.11% growth when compared to the previous quarter’s N709.59 billion collection from the revenue source, the National Bureau of Statistics (NBS) has reported. The report highlighted the quarter-on-quarter, sectoral and year-on-year VAT collections. According to the […]
The Managing Director of the Nigerian Ports Authority (NPA), Muhammad Bello-Koko, has solicited the support of the Acting Comptroller-General of Nigerian Customs Service (NCS), Adewale Adeniyi, to decongest the Lagos ports and enhance trade facilitation in the nation’s seaports. He also canvassed the NCS’ collaboration in its current efforts to upgrade the facilities at the […]
The Nigeria Customs Service, NCS, at Tin-can Island, Lagos, has impounded two containers from India with tramadol and codeine concealment with Duty Paid Value, DPV worth over N550.3 million. The Command also disclosed that two suspected were arrested in connection with the seizure, with the importer offering over $54,330 (N50 million) to be set free […]