FG Auditors Probe NNPCL’s N2.7trn Subsidy Refund Claim   The Office of the Auditor-General of the Federation has received the necessary and complete documents required to verify the N2.7 trillion fuel subsidy claim by the Nigerian National Petroleum Company Limited against...

Report Reveals Nigeria, Others Need $100/Barrel Oil to Balance Budgets   Emerging economies that produce oil, like Nigeria, Angola and Ecuador, need prices to be around $100 per barrel to balance their budgets, according to a report by Reuters on Monday. It...

No Provision Will Impoverish North in Tax Bills - Presidency   The presidency yesterday reacted to the controversy surrounding the four tax reform bills that had passed second reading in the Senate, but got stuck in the House of Representatives, where...

NATCOMS to Petition National Assembly Over 5% Tax   The National Association of Telecoms Subscribers (NATCOMS) will write to the National Assembly over the Federal Government’s renewed push to impose a five per cent excise duty on telecommunications services. The group is...

FG Impose Ban on New Projects in 2025 Budget   The Federal Government has directed all Ministries, Departments, and Agencies (MDAs) to exclude new projects from their budget submissions for 2025 unless these can be linked to the completion of ongoing...

Consumers kick as POS Operators Hike Charges   Operators of Point-of-Sale (PoS) terminals raised their charges on Monday in line with the implementation of the Electronic Money Transfer Levy of N50 by the Federal Inland Revenue Services charged on any electronic...