Budgeting Crime & Judiciary Matters Economy News Extra Latest News National Assembly Planning & Economic Development Revenue

Termites ‘Ate’ Our Payment Vouchers – NSITF Tells Lawmakers

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 […]

Budgeting Latest News Manufacturing Planning & Economic Development Revenue Taxation

NASME Seeks Lower Tax Regime For Enterprises

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. […]

Budgeting Economy News Extra Latest News Planning & Economic Development Revenue Revenue Agencies

Plateau Revenue Service Trains Staff To Boost IGR

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 […]

Banking Budgeting Latest News Planning & Economic Development Revenue

NESG Tasks FG On Effective Tax System, FX Rates’ Harmonization

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 […]

Budgeting Civil Advocacy & Gender Matters Crime & Judiciary Matters Latest News Planning & Economic Development Political Economy Professionals & HR Devt. Revenue

LIRS Unveils Whistle-Blowing Facility To Promote Transparency, Accountability

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 […]

Budgeting Investments/Capital Market Latest News Planning & Economic Development Revenue

DMO Lists 2 FGN Savings Bonds For Offer In August

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 […]

Budgeting Crime & Judiciary Matters Latest News Revenue Revenue Agencies Tax

Financial Crimes: LIRS To Launch Whistle-Blower Initiative

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 […]

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Pantami Flaws 5% Excise Duty On Telecom Services

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 […]

Budgeting Crime & Judiciary Matters Latest News Professionals & HR Devt. Revenue Revenue Agencies Taxation

FIRS Alerts Public On Recruitment Scam, Threatens Legal Action

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 […]

Budgeting Infrastructure & Capital Projects Investments/Capital Market Latest News Oil & Gas Planning & Economic Development Political Economy Revenue

FG Proposes N6.72Trn Fuel Subsidy In Financial Year 2023

….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 […]