Reps Summon Finance Minister, AGF, Others Over $2.4bn Illegal Crude Oil Sale, Whistleblower Policy   Members of the House of Representatives ad-hoc committee investigating alleged loss of over $2.4 billion in revenue from illegal sale of 48 million barrels of crude oil export from 2015 till...

Fed Govt To End Multiple Taxation On Roads   The Federal Government on Tuesday said it is working to remove multiple taxation on roads to promote free movement of goods within the country. The government said that multiple taxation on roads was against ECOWAS rules and regulations. The...

In One Year, Contributory Pension Assets Gain N1.68trn – PenCom   The assets under the Contributory Pension Scheme rose by N1.68tn from N13.76tn as of the end of February 2022 to N15.45tn as of the end of February 2023. PenCom disclosed this in its unaudited report on...

Senate Says Budget Office Paid Four MDA’s N19bn Without Approval   The Senate has asked the Budget Office of the Federation to refund the sum of N19bn the agency disbursed to four unnamed Ministries Department and Agencies without the approval of the Minister of Finance, Budget...

Debt Servicing Increase By 14.68% In 2022 – DMO   Nigeria’s debt servicing bill went up by 14.68 per cent to N3.36trn in 2022, data from the Debt Management Office has shown. According to DMO, N2.93tn was spent on external and domestic debt servicing payments in 2021. Recall...

MAN Says Carbonated Drink Tax Affected Manufacturers In 2022   The Manufacturers Association of Nigeria (MAN) has said that a major setback that plagued the productive sector in 2022 was the introduction of an excise duty of N10 per litre on all non-alcoholic, carbonated and sweetened...