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...
