The chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has charged foreign shipping companies lifting crude oil from Nigeria to ensure strict compliance with the country’s tax laws in their operations. Adedeji gave the charge at a workshop on taxation of non-resident shipping companies organised by the federal revenue agency in conjunction […]
Eight startup businesses have been announced as winners of the Gitex Pitch Competition, a Lagos Roadshow edition, which was held last Friday. The organizers of the roadshow event listed the winners as Pocket Food; Fuspay Technologies; Byte; Africa Comicade, Get Equity; Alajo; Instant Rad and Dataleum. According to them, the Lagos State Government, in partnership with […]
The Bureau of Public Enterprises (BPE) on Tuesday indicated its readiness to commence verification exercise for the payment of the agreed 16-month severance benefits to the bonafide ex-staff of the defunct Power Holding Company of Nigeria (PHCN), including certified Next-of-Kin (NOK) of the deceased ex-staff who were in service between 1st July 2012 and 31st October 2013. […]
The Centre for Law and Social Policy (CLASP) has estimated that if Nigeria complies with the United Nations Convention to eliminate mercury from products and processes, the country could save over $2.47 billion in fluorescent lighting phase-out by 2025. The organization’s Senior Manager, Climate, Colin Taylor, made this projection at an inception workshop with the ‘Minimum […]
The Debt Management Office (DMO) on Monday offered two Federal Government of Nigeria’s (FGN’s) savings bonds for subscription at N1,000 per unit. The Office, in a circular on its website, stated that the issuance would be opened on April 4 and run until April 8.. The offer comes at N1,000 per unit subject to a […]
The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Tuesday said that the Federal Government spent a total of N1.80 trillion on capital projects in the 2020 fiscal year, The Minister, who made this disclosure on during the public presentation of the 2021 approved budget at the virtual presentation said the amount spent […]
Nigeria’s efforts towards achieving broad-based and cross-sectoral development on sustainable basis will not translate to remarkable success unless adequate commitment is given to accurate and timely statistical data production covering all facets of national development, the Statistician General of the Federation, Dr. Yemi Kale, has stressed. Dr Kale, who made this remark at the opening […]
Kwara State Government on Tuesday announced that about 21,623 petty traders in the state would benefit from the state’s interest free micro-finance loans under the Kwara State Social Investment Programme (KWASSIP). To ensure that the loans get to the beneficiaries promptly, the state governor, Alhaji AbdulRahman AbdulRazaq had approved the immediate disbursement. The Chief Press […]
The Lagos State Government on Thursday reported that 81 per cent of its projected revenue for the first half of 2020, totaling N432.6 billion, was recorded in spite the scourge of COVID-19 pandemic on economic activities. The Commissioner for Budget and Economic Planning, Mr. Sam Egube, disclosed this at the 2019/2020 Annual Press Conference Week […]
The Centre for Democracy and Development (CDD), one of Nigeria’s leading civil advocacy group on good governance, has identified revenue shortfalls as one of the constraints that undermined the Federal Government’s efforts to meet the broad economic development targets as outlined it the Economic Recovery and Growth Plan (ERGP). The civil society group made this […]