FG to Initiate Fresh Audit of N2.7tn Subsidy Debt against NNPCL's Claim The Federal Government is set to commence a fresh audit of the N2.8tn fuel subsidy claim by the Nigerian National Petroleum Company Limited. An audit firm, KPMG had conducted an initial audit reducing the...

Airtel Incurs $1.7 billion FX Loss over Currency Fall in Nigeria, Malawi Nigeria's second largest telecom company, Airtel Africa, has reported significant financial setbacks as a result of currency devaluations in several of its key markets, notably Nigeria and Malawi, resulting in a staggering $1.7...

Nigeria Air: Sirika, Daughter Arrive Court over Alleged N2.7bn Fraud Former Minister of Aviation, Hadi Sirika, alongside his daughter, Fatima have arrived at the Federal High Court in the Federal Capital Territory, Abuja where they will be arraigned for an alleged N2.7bn fraud in connection...

W'Bank Says Cash Transfer Scheme Shows Low Impact on Households  The World Bank says the conditional cash transfer scheme of the Federal Government had little impact on household consumption, financial inclusion or employment of beneficiaries. The scheme was also noted to have had minimal impact on...

VAT Removal on Food, Export Services, others to Enhance Economic Growth - Tax Panel The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has revealed that his committee will be proposing the removal of Value Added Tax on some basic...

Registration Deadline: CAC Charges Police to go after Illegal PoS Operators  The Federal Government has said mandatory registration of Point-of-Sales operators nationwide will reduce kidnapping and help security agencies arrest recipients of ransom payments from kidnap victims. It also vowed that security agencies would go after...