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...

In One Month, Pension Assets Drop By N2bn   The total assets under the contributory pension scheme lost nearly N2bn in one month. This was contained in the National Pension Commission’s latest report titled, ‘Unaudited report on pension funds industry portfolio for the period ended 30 September...

Fed Govt Eyes N834trn To Meet Net Zero Target   The Federal Government has said Nigeria will require $1.9trn or N834trn to attain net zero by 2060 as part of its support to the global fight against climate change and meeting the country’s Energy Transition Plan. A...