Banks Begin Collection Of Tax Certificate On Forex Requests   Commercial banks across Nigeria have announced that all Form A and Forex requests must include a valid copy of the applicant’s Tax Clearance Certificate (TCC) alongside other required documents on the Central Bank of Nigeria (CBN)...

Despite World Bank Funding, Buhari Failed To Sign Data Protection Bill   The former President of Nigeria, Muhammadu Buhari, failed to sign the Nigeria Data Protection Bill again despite World Bank’s funding and stakeholders’ support. In September last year, it was reported that the Project Coordinator, Nigeria...

Reps Bill: RMAFC to Probe Illegal Salaries The House of Representatives has considered and adopted the report on a bill seeking to grant powers of enforcement to the Revenue Mobilisation, Allocation and Fiscal Commission on Wednesday. The legislation is titled, ‘A Bill for an Act to...

Tinubu Inherits Over N16trn Uncompleted Projects   The new President of Nigeria, Bola Tinubu, has officially inherited over N16.29tn uncompleted projects from his predecessor, Muhammadu Buhari. The projects were identified through the national monitoring and evaluation platform, EYEMARK, which was launched by Buhari in December last year. The...

DMO Canvasses Revenue Growth, Spending Cuts   The Debt Management Office (DMO) in a tweet on Tuesday, stressed the need for Nigeria to boost revenue and manage spending like Indonesia, which is also an oil-producing country. The tweet read, “Indonesia, a fellow oil-producing country with a population...

Insurance Sector Shrinks By 7% Over Cash Crunch – NBS   The insurance sector’s growth fell by 7.25 per cent in the first quarter of 2023, the latest figures obtained from the National Bureau of Statistics (NBS) have revealed. The NBS disclosed in its ‘Nigeria Gross Domestic...