The Nigeria Social Insurance Trust Fund (NSITF) told the Senate Committee on Public Accounts that some of its payment vouchers had been eaten up by termites, thereby failing to justify the spending of N17.16 billion in 2013 with the required documents. The N17.158 billion, which was queried in the 2018 Audit Report of the Office […]
The Nigerian Association of Small and Medium Enterprises (NASME) has charged the Federal Government to urgently consider the downward review of taxes as a fiscal step towards supporting business enterprises and by so doing, check the rising cost of goods and services in the country. The President of the organized private sector (OPS) group, Dr. […]
The Chairman of Plateau State Internal Revenue Service (PSIRS), Mr. Arlat Dashe, on Monday said that the capacity building training for executives of the revenue agency was organized as part of the board’s efforts to reposition it for improved revenue collection following its recent restructuring. Dashe, made this disclosure at the opening session of a […]
The Nigerian Economic Summit Group (NESG) has advised the Federal Government to create effective tax systems and harmonise the rates in the foreign exchange (Forex) market through relevant policies to address the emerging challenges in the economy. The group gave this charge in a communiqué issued on Sunday titled ‘Of Hope and Despair…Not Too Late […]
The Lagos Internal Revenue Service (LIRS) through its professional partner, Deloitte, has unveiled its whistle-blowing tip off channels to promote transparency, accountability and general public inclusivity in governance. The whistle-blowing service provides multilingual, multiple reporting channels such as toll-free hotlines, web portal, email and a mobile application. Speaking during the launch of the channels on […]
The Debt Management Office (DMO) has listed two Federal Government of Nigeria’s (FGN’s) savings bonds for offer in August, at N1,000 per unit. According to the Office, the first offer is a two-year savings bond due on Aug. 10, 2024 at interest rate of 9.41 per cent per annum while the second is a three-year […]
The Lagos State Internal Revenue Service (LIRS) is set to launch its whistle-blower initiative, a state-wide project, introduced to provide a platform for employees, stakeholders and the general public to report any observed violation, misconduct, or unethical behaviour across the state. A public notice signed by the LIRS Executive Chairman, Ayodele Subair, indicated that the […]
The Minister of Communications and Digital Economy, Prof. Isa Pantami, has flawed Federal Government’s to impose additional five percent tax on telecommunication services in the country. Pantami, who expressed his stance on the tax at the maiden edition of the Nigerian Telecommunications Indigenous Content Expo organised by the Nigeria Office for Developing the indigenous Telecom […]
The Federal Inland Revenue Service (FIRS) has advised members of the public to be vigilant and avoid dealing with scammers, who pose as recruitment agents for it. The Special Assistant on Media and Communication to the FIRS’ Executive Chairman, Mr. Johannes Wojuola, in a statement issued on Monday recalled that the revenue agency had consistently […]
….records N3.09trn deficit in 2022 budget in four months The Federal Government has proposed a budgetary provision of N6.72 trillion for fuel subsidy in the fiscal year 2023 even as it reported that from January to April this year N3.09 trillion was recorded as deficit in the 2022 budget. The Minister of Finance, Budget and […]