Tax Exemptions, Waivers to Cost FG N12.4trn in Four Years   A whopping N12.384 trillion will be forgone by the Federal Government as tax waivers, concessions and incentives in the four years (2023 – 2026). Beneficiaries of these revenue losses include big corporations, start-ups and politically exposed...

We Recover N25.13bn Unremitted Pension Contributions - PenCom   The National Pension Commission (PenCom) has recovered N25.13 billion from defaulting employers. PenCom made this known in a report. The sum, it said, comprised N12.80 billion principal contributions, and N12.33 billion penalties for delayed payments. The amount covered between...

'Nigeria’s Inflation Rate to Hit 30% by December 2023'   Stears, a leading economic analysis and data-driven insights provider, on Tuesday announced its market-leading Pan-African inflation forecasts, projecting Nigeria’s annual inflation rate to climb steadily until year-end, closing the year at around 30 per cent, a...

FG to Implement Telecoms Tax to Boost Revenue   The Federal Government is set to implement excise duty on telecommunication services to boost its revenue base. It disclosed this in its newly released 2024-2026 Medium-Term Expenditure Framework and Fiscal Strategy Paper. It would be recalled that President Bola...

IGR: Taxes, MDA's Revenue Rakes in N1.93tn for States in 2022 - NBS The National Bureau of Statistics report shows that the total Internally Generated Revenue of states in the country marginally rose to N1.93tn in 2022. The report disclosed that the IGR figures for the...

FG Plans N26trn Borrowing, Debt Servicing to Gulp N29trn   Nigeria’s total public debt may hit N118.37tn in the next three years. The figure was based on analysing Nigeria’s current debt profile and the debt projections in the Medium Term Expenditure Framework and Fiscal Strategy Paper 2024-2026. According...