Banking Budgeting Fiscal Law & Act Latest News Planning & Economic Development Political Economy Revenue Revenue Agencies Taxation Technology

FIRS’ Chairman Advocates Capacity Building Among CATA Members

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 […]

Banking Budgeting Latest News Oil & Gas Planning & Economic Development Political Economy Revenue Solid Minerals Taxation Technology

FG Appoints Sen. Akume As New Chairman Of NEITI NSWG’s Board

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 […]

Budgeting Fiscal Law & Act Latest News Oil & Gas Planning & Economic Development Revenue Taxation Technology Transportation

FG Introduces Fiscal Incentives To Boost Oil & Gas Sector’s Performance

    ….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 […]

Banking Budgeting Investments/Capital Market Latest News Planning & Economic Development Political Economy Revenue Taxation Technology

CMC Endorses CBN’s Policies On Naira Stability, Banks’ Recapitalisation

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 […]

Agriculture & Agribusiness Banking Budgeting Foreign Exchange (Forex) Investments/Capital Market Latest News Manufacturing Planning & Economic Development Political Economy Taxation Telecomms Transportation

Nigeria’s Economy Further Slips, Ranks 4th In Africa

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 […]

Banking Budgeting Latest News Planning & Economic Development Revenue Revenue Agencies Taxation Technology

Tin Can Customs Surpasses Revenue Target By 139% In Q1 2024

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 […]

Banking Budgeting Fiscal Law & Act Investments/Capital Market Latest News Planning & Economic Development Revenue Revenue Agencies Taxation

Alleged Unremitted Funds: Reps Give SEC, FRC 21-Day Ultimatum To Reconcile Accounts

The House of Representatives Public Accounts Committee has advised the Securities and Exchange Commission (SEC) and Fiscal Responsibility Commission (FRC) to amicably resolve the differences on the alleged non-remittance of over N45 billion to the Consolidated Revenue Fund. Following defences put up by the SEC and FRC during the public hearing on leakages of government […]

Banking Budgeting Latest News Planning & Economic Development Revenue Revenue Agencies Taxation Technology

Tinubu Inaugurates National Single Window Steering Committee

In furtherance of its current fiscal reforms drive to optimize revenue generation and enhance ease of doing business in the country, President Bola Tinubu, on Tuesday, inaugurated a steering committee to drive an initiative called the National Single Window Project (NSWP). Speaking while inaugurating the committee at the Presidential Villa, Tinubu said the initiative was […]