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Monday, July 13, 2020

NDIC Warns Banks on Jumbo Salary

The Nigerian Deposit Insurance Corporation (NDIC) has warned banks against excessive jumbo remuneration packages which could have negative effect in their revenue drive.The Managing...

FIRS sets Deadline for Filing Tax Returns

The Federal Inland Revenue Service (FIRS), has set a deadline of March 31 for all taxable persons to file their personal income tax returns.The...

Windfall of N921 billion Shared to Tiers of Government in February 2012

It was another season of windfall when the tiers of government shared a total sum of N921 billion from different sources of revenue at...

How They Share N7.6bn from NNPC Refund in February 2012

The Nigerian National Petroleum Corporation (NNPC) has continued to refund some funds it withheld from the Federation Account. From a table provided by the...

How They Share N187bn From Excess Crude Account in February 2012

The Economic Confidential provides here the distribution of N187,089,655,125.41 from Foreign Excess Saving Account being difference between budget & actual at the meeting of...

Federation Account: How They Share N727bn in February, 2012

The Economic Confidential magazine provides here the distribution of a total sum of N727billion being the statutory and VAT allocations shared to all tiers...

Sanusi Cautions African Central Banks on Debt Crisis

The Governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi has warned other central banks’ governors not to lower their guard in...

NDIC Gives Assurance on Banking Reforms

… Appoints Debt Recovery AgentsThe Nigeria Deposit Insurance Corporation (NDIC) has again reiterated that the ongoing banking sector reforms would foster the emergence of...

States Can Survive on IGR- FIRS

After the recent announcement by Federal Inland Revenue Service (FIRS) that the president, vice president, governors and their deputies would have to pay tax...

Islamic Bank: Jaiz Commences Business in 3 Branches

The Nigeria's first licensed Islamic Bank, Jaiz Bank Plc has commenced full operation of non-interest commercial banking in Nigeria from three branches in Abuja,...

Emir Commends Banking Reforms … AsCBN Condoles People Of Kano Over Boko Haram Attacks

The Emir of Kano, His Highness, Alhaji Ado Bayero has expressed satisfaction over the performance of Central Bank Governor, Mallam Sanusi Lamido Sanusi since...

NDIC: Consolidating achievements, projecting brighter future

As global economic challenges continue to rage with serious impacts on the world financial system, a stable banking sector must be achieved to be...

Subsidy: Govt Grants Waiver for Oil Importing Companies– FIRS

The Federal Inland Revenue Service (FIRS) has disclosed that a federal government waiver exempted fuel importing companies from paying tax on petrol, diesel and...

Excess Crude: How They Share N143.6bn in December 2011

The Economic Confidential provides here the table of the distribution of N143.6bn from Foreign Excess Crude savings account being difference between the budgeted &...

Federation Account: How They Share N783bn in December 2011

The Economic Confidential magazine provides here the distribution of a total sum of 783 billion being the statutory and VAT allocations shared to all...

FIRS Advocates Taxation in Curriculum

Mrs. Ifueko Omoigui Okauru, the executive chairman, Federal Inland Revenue Service (FIRS) has appealed to the Federal Ministry of Education to fast track the...

NDIC Launches Special Help Desk for Microfinance Banks

NDIC LAUNCHES SPECIAL HELP DESK FOR MCROFINANCE BANKSThe Nigeria Deposit Insurance Corporation (NDIC) has established a Special Help Desk for depositors, employees, shareholders and...

Hoteliers Arrested Over Tax Evasion

  The Federal Inland Revenue Services has arrested Chief Executive Officers (CEOs) of some hotels operating within the Federal Capital Territory for evading taxes....

The Ranking of Nigerian Banks by Shareholders Funds

The Economic Confidential has discovered that before the intervention of Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Corporation (NDIC) in the banking...

How Removal Of Fuel Subsidy Will Help The Economy

……FIRS says it didn’t disagree with FG on subsidy  The attention of the  Federal Inland Revenue Service has been drawn to news stories reported...
Live Covid-19
United States 3,441,503
Cases: 3,441,503
Deaths: 137,947
Recovered: 1,534,925
Active: 1,768,631
Brazil 1,867,841
Cases: 1,867,841
Deaths: 72,234
Recovered: 1,213,512
Active: 582,095
India 906,612
Cases: 906,612
Deaths: 23,727
Recovered: 571,526
Active: 311,359
Russia 733,699
Cases: 733,699
Deaths: 11,439
Recovered: 504,021
Active: 218,239
Peru 326,326
Cases: 326,326
Deaths: 11,870
Recovered: 217,111
Active: 97,345
Chile 317,657
Cases: 317,657
Deaths: 7,024
Recovered: 286,556
Active: 24,077
Spain 300,988
Cases: 300,988
Deaths: 28,403
Active: 272,585
Mexico 299,750
Cases: 299,750
Deaths: 35,006
Recovered: 184,764
Active: 79,980
United Kingdom 290,133
Cases: 290,133
Deaths: 44,830
Active: 245,303
South Africa 276,242
Cases: 276,242
Deaths: 4,079
Recovered: 134,874
Active: 137,289
Iran 259,652
Cases: 259,652
Deaths: 13,032
Recovered: 222,539
Active: 24,081
Pakistan 251,625
Cases: 251,625
Deaths: 5,266
Recovered: 161,917
Active: 84,442
Italy 243,230
Cases: 243,230
Deaths: 34,967
Recovered: 195,106
Active: 13,157
Saudi Arabia 235,111
Cases: 235,111
Deaths: 2,243
Recovered: 169,842
Active: 63,026
Turkey 214,001
Cases: 214,001
Deaths: 5,382
Recovered: 195,671
Active: 12,948
Germany 200,323
Cases: 200,323
Deaths: 9,137
Recovered: 185,100
Active: 6,086
Bangladesh 186,894
Cases: 186,894
Deaths: 2,391
Recovered: 98,317
Active: 86,186
France 170,752
Cases: 170,752
Deaths: 30,004
Recovered: 78,388
Active: 62,360
Colombia 150,445
Cases: 150,445
Deaths: 5,307
Recovered: 63,451
Active: 81,687
Canada 107,807
Cases: 107,807
Deaths: 8,787
Recovered: 71,645
Active: 27,375
Qatar 104,016
Cases: 104,016
Deaths: 149
Recovered: 100,627
Active: 3,240
Argentina 100,166
Cases: 100,166
Deaths: 1,859
Recovered: 44,173
Active: 54,134
China 83,602
Cases: 83,602
Deaths: 4,634
Recovered: 78,648
Active: 320
Egypt 82,070
Cases: 82,070
Deaths: 3,858
Recovered: 24,419
Active: 53,793
Iraq 79,735
Cases: 79,735
Deaths: 3,250
Recovered: 46,998
Active: 29,487
Indonesia 76,981
Cases: 76,981
Deaths: 3,656
Recovered: 36,689
Active: 36,636
Sweden 74,898
Cases: 74,898
Deaths: 5,526
Active: 69,372
Ecuador 67,870
Cases: 67,870
Deaths: 5,047
Recovered: 30,283
Active: 32,540
Belarus 65,114
Cases: 65,114
Deaths: 468
Recovered: 55,492
Active: 9,154
Belgium 62,707
Cases: 62,707
Deaths: 9,782
Recovered: 17,196
Active: 35,729