Economic Confidential

On Making Stamp Duty The New Black Gold

On Making Stamp Duty The New Black Gold By Muhammad Nami This matter of making the Stamp Duty (and by implication tax revenue) the next black gold has occupied my mind even long before I was appointed the Executive Chairman of...

FIRS Records 1,000% increase in stamp duty collection

FIRS Records 1,000% increase in stamp duty collection Despite the global economic downturn triggered by COVID-19 which has also had significant impact on the Nigerian economy, the Federal Inland Revenue Service (FIRS) has recorded an exponential growth of 1,000 per...

FG moves to recover 5-year stamp duty backlog  

FG moves to recover 5-year stamp duty backlog   The Federal Government has moved to recover a backlog of unremitted revenues accruing to it through the Stamp Duty Tax in the last six years. The government disclosed this on Tuesday at the official...

NEITI Plans  Ranking for Oil Firms, MDAs  On Audit Compliance

NEITI Plans  Ranking for Oil Firms, MDAs  On Audit Compliance The Nigeria Extractive Industries Transparency Initiative (NEITI) has stated that it will undertake a compliance ranking of all companies and government agencies that are participating in its ongoing 2019 oil...

Delivery of AKK Project Part of Next Level Agenda-Buhari

Delivery of AKK Project Part of Next Level Agenda-Buhari President Muhammadu Buhari has said that delivery of the 614km Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project is part of his Administration’s Next Level Agenda for sustainable development and economic prosperity of Nigeria. The...

Chinese Firms Donate COVID-19 Protective Kits to Finance Minister

Chinese Firms Donate COVID-19 Protective Kits to Finance Minister Two Chinese firms, China Great Wall Industry Corporation and China General Chamber of Commerce have donated Covid-19 protective kits and masks to the Federal Ministry of Finance Budget and National Planning....
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