Economic Confidential

JAIZ, NAHCON Launch Hajj Savings Scheme in Kwara, Oyo

JAIZ, NAHCON Launch Hajj Savings Scheme in Kwara, Oyo The Hajj Savings Scheme that would make it easier for Muslims in Nigeria to travel to Saudi Arabia to perform Hajj has been launched in Kwara and Oyo States, respectively. The launch...

Breaking: CBN retains MPR at 11.5%

Breaking: CBN retains MPR at 11.5% The Monerary policy committee(MPC) of the Central Bank of Nigeria(CBN) on Tuesday unanimously voted to keep the Monetary Policy Rate(MPR) at 11.5%. Godwin Emefiele, governor of the CBN, disclosed the committee’s decision at the end...

Stakeholders Urge FG to Adopt Tax Automation At FIRS Dialogue

Stakeholders Urge FG to Adopt Tax Automation At FIRS Dialogue The Federal Government has been advised to explore data and intelligence in order to ease tax collection and improve its revenue base. Tax experts, speakers, panelists and government functionaries gave the...

Buhari Orders MDAs, Others to Grant Access to FIRS for Tax Collection

Buhari Orders MDAs, Others to Grant Access to FIRS for Tax Collection President Muhammadu Buhari has mandated ministries, departments, agencies and business enterprises to grant access to the Federal Inland Revenue Service (FIRS) to their systems for the purposes of...

Finance, Aviation Ministries Commence Final Verification of Defunct Nigeria Airways Workers

Finance, Aviation Ministries Commence Final Verification of Defunct Nigeria Airways Workers The Presidential Initiative on Continuous Audit, (PICA), Federal Ministry of Finance, in conjunction with the Ministry of Aviation, in Kano, commenced a mop up verification exercise for ex- workers...

FIRS Generates N4.9 Trillion, Meets 98% Tax Target In 2020

FIRS Generates N4.9 Trillion, Meets 98% Tax Target In 2020 The Federal Inland Revenue Service (FIRS) collected N4,952,243,711,728.37 in total tax revenue in the year 2020. This landmark achievement represents approximately 98% of the national tax target of N5.076 trillion...
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