Monetary

Reps Grill Fire Service Chief Over N1bn Recruitment, Logistics Cash

Reps Grill Fire Service Chief Over N1bn Recruitment, Logistics Cash   The House of Representatives Committee on Public Accounts on Tuesday grilled the Commandant General of the Federal Fire Service (FFS), Ibrahim Liman over expenditure of over N1 billion on recruitment and logistics between 2017 to...

N3.07 Billion Property Lost to FG in Anti-Graft War

 A top military officer's 20 properties valued at over N3 billion and seven million have been forfeited to the Economic and Financial Crimes Commission, EFCC, on Monday. Aflac Plastics, Marhaba Events Place, and Atlasfield Gas Plant Limited were some of the companies that controlled the...

FIRS Digital Taxation: Redefining Revenue Collection in Nigeria

By Kabir Abdulsalam Over the last few years, concerns have been raised by stakeholders that the existing international tax system does not properly capture or take into consideration the digitalization of business transactions. Undoubtedly, the world economies are quickly moving from physical...

FAAN Remits 16.7bn To FG, Proposes N188bn 2022 Budget

FAAN Remits 16.7bn To FG, Proposes N188bn 2022 Budget   The Federal Airports Authority of Nigeria (FAAN) has remitted N16.7 billion into the consolidated revenue fund of the Federation Account for the year 2021, the authority has disclosed. The Managing Director of FAAN, Capt Rabiu Yadudu, said...

Insecurity: Private Sector Raises Fresh N100bn To Support FG

Insecurity: Private Sector Raises Fresh N100bn To Support FG   The Coalition Against COVID-19 has disclosed plans to provide N100bn to the Federal Government to assist security agencies tackle the current spate of insecurity in the country. The Chairman of the United Bank for Africa, Tony Elumelu...

How to Fully Fund FCT Budget with IGR – FIRS

The Federal Capital Territory Internal Revenue Service (FCT-IRS), has said funding FCT budget entirely from Internally Generated Revenue (IGR) sources was possible, with the collaboration of other revenue generating agencies. This is contained in a statement issued on Sunday, in Abuja, signed by Mustapha Sumaila,...