The Federal Inland Revenue Service (FIRS) has partnered the Market Traders Association of Nigeria (MATAN) to ensure improved Value Added Tax (VAT) collection and remittance, especially in the informal sector, to it from markets across the country,. The association, which membership is drawn from over 40 million traders across the 774 local government councils, is […]
The newly established Policy Advisory Council (PAC) by President Bola Ahmed Tinubu has proposed the merger of the Federal Inland Revenue Service (FIRS), Nigerian Customs Service (NCS), and the Nigerian Maritime Administration and Safety Agency (NIMASA) into the Nigerian Revenue Service. The members of the (PAC), who include Senator Tokunbo Abiru (chair), Dr. Yemi Cardoso, Sumaila […]
Economists at the Centre for the Study of Economies of Africa (CSEA), a leading think tank in economic research and consulting services with special focus on Africa, have canvassed the need for the Central Bank of Nigeria (CBN) to introduce monetary measures that could help to mitigate the negative impact of the rising inflation rate […]
….urges civil servants on improved service delivery Ogun State Governor, Dapo Abiodun, on Tuesday presented new cars to the newly appointed Permanent Secretaries and the Auditor-General in the Civil Service to boost their morale and increase service delivery. The governor, while presenting the official cars to them at the Government House, Isale-Igbein in […]
As the ripples of the petrol pump price hike and other emerging micro and macroeconomic developments in the nation’s economic space continue unabated over the past week, investment experts at Bancorp Securities Limited have advised investors to broaden their investment portfolios for assured returns. The analysts, in the firm’s ‘Weekly Stock Recommendations Jun 05 – […]
The National Bureau of Statistics (NBS) has reported that Nigeria’s Tax-to-GDP ratio, which has been hovering between 5% to 6% in the past 12 years, rose to 10.86% by the end of 2021. The Statistician-General of the Federation/Chief Executive Officer of the Bureau, Prince Adeyemi Adeniran, gave these figures in a letter dated 25th May […]
Amid raging controversies and consumers’ anger over the timing of the fuel subsidy removal by the government and resurfacing of queues in filling stations nationwide, the Nigerian National Petroleum Company Limited (NNPCL), the biggest player in the petroleum industry’s downstream sub-sector, on Wednesday announced the official adjustments of its pump price for Premium Motor Spirit […]
Worried about resurfaced long queues in petrol stations nationwide following the declaration by the newly elected President Bola Ahmed Tinubu in his inaugural address that fuel subsidy would be discontinued by the new administration, the Asiwaju Bola Ahmed Tinubu Media Centre has stated that the planned fiscal measure will not be implemented until the end […]
With just less than one week to the end of his eight-year tenure, President Muhammadu Buhari has written a letter to the National Assembly, seeking the Senate’s approval for the payment of sundry judgment debts in the sum of $566,754,584.31, £98,526,012.00, and N226 billion The requested funds are the monies which the Federal Government owed […]
The National Pension Commission (PenCom), has recovered about N24.53 billion as pension contributions owed workers by defaulting employers across the country. The Director-General of PenCom, Mrs Aisha Dahir-Umar, made this disclosure on Thursday in Lagos at the 2023 Labour Writers Association of Nigeria (LAWAN) Workshop with the theme ‘Securing the Future: The Benefits of the […]