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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 […]

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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 […]

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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 […]

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Philippines SEC Orders Apple, Google To Delist Binance From App Stores

The Philippines Security and Exchange Commission (SEC) has directed Apple and Google to remove Binance app from their App stores for users in the country. According to a news report from CoinTelegraph, the SEC had formally requested that Apple and Google to remove applications operated by Binance, the biggest crypto exchange in the world. In […]

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NERC Transfers Electricity Market’s Regulatory Oversight To Ekiti, Ondo Bureaus

Nigerian Electricity Regulatory Commission (NERC) has directed the transfer of its regulatory oversight of the electricity market in Ekiti to the Ekiti State Electricity Regulatory Bureau (EERB) and also the regulatory oversight of the electricity market in Ondo State to the Ondo State Electricity Regulatory Bureau (OSERB). The directive, contained in a statement issued by […]

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FG Launches Digital Platform For Enhanced Oversight Of Duty Exemptions

The Minister of Finance and the Coordinating Minister of the Economy, Mr Wale Edun, has announced the integration of the Incentive Monitoring and Evaluation Platform (IMEP) into the Import Duty Exemption Certificate (IDEC) programme, thereby allowing for enhanced monitoring and evaluation of revenues from imports into the country. A statement issued by the ministry’s  Director, […]

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FG Begins Disbursement Of N200Bn Intervention Fund To MSMEs, Manufacturers

The Federal Government has announced plans to commence the loan disbursement process for micro, small and medium enterprises (MSMEs) and manufacturers under the Presidential N200 billion Intervention Fund scheme. President Bola Tinubu launched the scheme on October 17, 2023, to cushion the effects of the removal of petrol subsidy on entrepreneurs. The Minister of Industry, […]

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NDIC Inaugurates ACTU To Sustain Zero Tolerance For Corruption Crusade

The Nigeria Deposit Insurance Corporation (NDIC) has inaugurated a 10-member Anti-Corruption and Transparency Unit (ACTU) in furtherance of its anti-corruption drive aimed at ensuring transparency and fairness in all areas of operations. The Managing Director/Chief Executive Officer of the corporation, Mr. Bello Hassan, in his remarks during the ACTU inauguration ceremony maintained that the initiative […]

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Dangote Refinery Reduces Diesel Price To N940/Litre For Marketers

Dangote Refinery’s management  has announced a further reduction in the price of Automotive Gas Oil (AGO) diesel from the N1000/litre earlier reported last week to N940/litre for customers buying 5 million litres and above from the refinery. In a statement signed by the company’s Head of Communications, Mr. Anthony Chiejina the management maintained that the […]

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CAC Revokes NIPOST Subsidiaries’ Registration Certificates

The Corporate Affairs Commission (CAC) has revoked the certificates of incorporation of NIPOST Properties and Development Company and NIPOST Transport and Logistics Services Limited. The revocation of the affected entities’ registration certificates was sequel to the discovery of an alleged illegal transfer of N10 billion in restructuring funds released by the Federal Ministry of Finance […]