The Federal Competition and Consumer Protection Commission (FCCPC) has assured pay television service subscribers in the country of its plan to review recent price hike by MultiChoice, the services’ provider, of its cable subscriptions to ensure subscribers in Nigeria get value for their money. Recall that the leading pay TV operator, recently announced increase in […]
The Accountant General of the Federation (AGF), Mrs. Oluwatoyin Madein, has disclosed that capital budget releases for Ministries, Departments and Agencies (MDAs) for 2024 fiscal year will commence next month. She made this disclosure on Thursday at a one-day Stakeholders interaction/sensitization session on the revised policy on cash management and bottom-up cash planning held in Abuja. […]
President of the Commonwealth Association of Tax Administrators (CATA) and chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has advocated the need for increased capacity building to enhance tax administration processes among members of the global body. A statement by the chairman’s Special Adviser on Media, Dare Adekanmbi, indicated that the tax […]
President Bola Tinubu has approved the re-constitution of 15-member board of the Nigeria Extractive Industries Transparency Initiative’s (NEITI’s) National Stakeholders’ Working Group (NSWG). The Executive Secretary/Chief Executive Officer of NEITI, Orji Ogbonnaya Orji, who gave this hint during a media chat on Wednesday, said the Secretary to the Government of the Federation (SGF), Sen. George Akume, was […]
….Targets $10Bn Foreign Direct Investment The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has signed the Consolidated Guidelines for the implementation of Fiscal Incentives for the Oil & Gas Sector – a key component of the Federal Government’s fiscal reforms agenda aimed at enhancing the performance of the […]
The Federation Account Allocation Committee (FAAC) on Friday confirmed that it shared a total sum of N1123.391 billion from the March 2024 Federation Account revenue to the Federal Government, States and Local Government Councils. The Committee, in the communiqué issued at its April, 2024 meeting, stated that the N1123.391 billion total distributable revenue comprised statutory […]
The Nigerian Capital Market Committee (CMC) has expressed its full support for the various policy measures of the Central Bank of Nigeria (CBN), particularly on the foreign exchange (FX) markets and recapitalization of banks, in view of the socioeconomic benefits to the country. The committee gave the commendation on the apex bank’s policies at its […]
Despite sundry reform initiatives of the President Bola Tinubu-led administration to revitalize the nation’s economy, latest forecast from the International Monetary Fund (IMF) indicated that Nigeria’s economy continued its unimpressive performance, dropping into the fourth position in Africa economies’ ranking chart. This is coming barely two years after it was ranked as Africa’s largest economy […]
The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has disclosed that a total sum of N7,314,129,314,386.08 accrued into the Federation Account in fiscal year 2023. The figures were contained in the monthly report to the Federation Account Allocation Committee (FAAC) by the Central Bank of Nigeria (CBN) titled “CBN Federation Account Component Statement”. In a […]
Tin Can Island Command of the Nigeria Customs Service (NCS) has reported revenue collections in the first quarter of this year totalling N303.9 billion, representing about N177.1 billion above the N126.9 billion it raked in the corresponding quarter of 2023. Available statistics on the Command’s revenue profile for the quarter under review based on a […]