Senate To NUPRC: Stop IOCs Evading Tax From Lifting Crude Oil   The Senate Committee on Finance has asked the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to stop international oil companies (IOCs) evading tax from lifting crude oil. The panel said the move has become imperative...

Fed Govt Bars 10 Firms, Grants Three-year Tax Relief To 33 Companies   The Federal Government approved the application of 33 companies seeking pioneer status under the Industrial Development Income Tax Act in 2021. This was contained in the quarterly PSI reports released by the Nigeria Investment...

N157bn Released To Fund Second Niger Bridge – Ahmed   The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has disclosed that the federal government has so far released N157bn for the Second Niger Bridge project. The minister disclosed this while on an inspection of...

Two million People’ll Start Receiving N20bn Monthly From June, Says FG   Two million people will start receiving about N20bn from June this year as basic cash transfers and conditional cash transfers under the National Cash Transfer Programme, the Federal Government has said. It was gathered that...

FG Raked In N1.25bn IGR In 2021   The Accountant General of the Federation (AGF), Ahmed Idris, has said the deployment of Treasury Revenue Directors to 10 Federal Government Owned Enterprises (FGOEs) is yielding results as Internally Generated Revenue (IGR) has improved. While giving an assessment of...

Fed Govt’s New Borrowings Rise By 278.03% In Six Years     The Federal Government’s thirst for debts appears to have deepened as new borrowing allocations rose by 278.03 per cent or N4.03tn between 2015 and 2021. This was disclosed in the presentation of the public debt data...