IPPIS Rakes in N1.96tn from MDAs Remittance in 2024 - Report
The Federal Government’s ministries, departments and agencies remitted a total of N1.96tn through the Integrated Personnel and Payroll Information System in 2024.
These MDAs include federal universities, colleges, the Nigerian military, the Nigerian Correctional Service,...
FG Begins New Withdrawing Tax Policy
The Federal Government has commenced the implementation of the 2024 Withholding Tax Regulations, signalling effort to modernise Nigeria’s tax system.
Approved by President Bola Tinubu in July 2024 and published in the Official Gazette in October, the revised regulations became...
The Academic Staff Union of Universities (ASUU) has expressed disapproval of the Federal Government’s allocation of just 7 percent (N3.52 trillion) to education in the 2025 budget.
Taiwo Oyedele, Chairman of the Presidential Advisory Committee on Fiscal Policy and Tax Reform, has clarified that individuals earning N1.7 million or less a month will see a reduction in Pay As You Earn (PAYE) taxes under the proposed Tax Amendment Bills, contrary to some speculations.
According to the latest data from the Central Bank of Nigeria's (CBN) Money and Credit Statistics, Nigerians withdrew N364.38bn from banks in November 2024 due to the cash scarcity affecting many parts of the country.
