The Ekiti State Governor, Ayodele Fayose, has called on the Federal Government to rescind its decision to reduce workers’ salaries through obnoxious increment in Pay As You Earn, pension and National Housing Fund deductions. According to him, with the deductions,...

A fiscal plan is usually a clear and precise statement of what government hopes to realistically earn as income and how much it would spend within a given time frame. Thus in a year, if projected incomes exceed expenditures, a...

Africa’s richest man Aliko Dangote has shut down his cement plant in Tanzania due to high energy costs and a technical glitch at the $500 million factory, according to a government source, who confirmed reports in Tanzanian media. Executives at...

Nigeria and China have signed two Memoranda of Understanding (MoU) on geosciences cooperation during the Nigeria-China Mining Investment Roadshow which held in Beijing, China. The MoUs provide for cooperation between the Nigerian Geological Survey Agency (NGSA), the China Geological Survey...

Nigeria has no plans to impose new taxes but to expand the scope of Value Added Tax (VAT) in a drive for additional revenue. Mr Laolu Akande, the Senior Special Assistant to the Vice President on Media and Publicity, said...

Determined to find a way to augment the shortfall in revenues accruing to them from the Federation Account, some states gathered in Enugu and considered creative ways to boost their revenue base. The states, namely Enugu, Rivers, Delta and Lagos...