UK Pledges £200m For Nigeria, Others To Fight Climate Change   The Foreign Secretary of the United Kingdom, James Cleverly, has said the UK will significantly step up its bid to help African countries fight climate change by supporting the African Development Bank’s Climate Action Window...

FIRS Remits Over N309bn Education Tax To TETFund   The Federal Inland Revenue Service (FIRS) has remitted over N309 billion from education taxation to the Tertiary Education Trust Fund (TETFund). The revenue generated by FIRS from across tertiary education institutions in the country between January and...

CITN Gets New Chair, Pushes for Revival of Tax-Paying Culture The new Chairman of the Chartered Institute of Taxation of Nigeria, Lagos District, Zaynab Abdulkareem, has called for the revival of tax-paying culture in Nigeria. She was sworn in as the 18th district chairman in Lagos...

NECA, Agents Criticise FG's Multiple Taxes Seaport clearing agents and the Nigeria Employers Consultative Association have criticized the Federal Government's rising taxes on businesses, saying the situation will negatively affect the country. Due to the newly introduced taxes on food and beverages by the government, they...

FG’s Expenditure Exceeds Revenue by N6tn in Six-Month The Central Bank of Nigeria latest data has revealed that Federal Government’s expenditure in the first six months of 2022 exceeded revenue by N6.23tn. According to the second quarter economic report on fiscal sector development compiled from the...

Nigeria’s External Reserves Plunged Despite Intensified Intervention   The Central Bank of Nigeria (CBN) increased intervention in the foreign exchange market not withstanding, Nigeria’s external reserves depreciated by $866.2 million or 2.26 per cent in October 2022 to $37.39 billion from $38.255 billion it opened in...