SHOCKING: President Jonathan Asked me to Divert N2bn Ecological Funds into Reelection Campaign – Babangida Aliyu The Economic and Financial Crimes Commission (EFCC) has revealed how former governor of Niger state, Babangida Aliyu, confessed the circumstances surrounding the diversion of 2 billion naira Ecological Funds...

Buhari Signs Three Bills to Tackle Money Laundering, Terrorism President Muhammadu Buhari on Thursday in Abuja signed into law, three bills aimed at improving the anti-money laundering and counter terrorist financing/proliferation financing framework in Nigeria. The bills are: the Money Laundering (Prevention and Prohibition) Bill,...

FIRS Seeks Collaboration Among African Countries On Digital Tax   The Federal Inland Revenue Service (FIRS) has reached out to other African countries to collaborate with it to effectively tax digital businesses. Executive Chairman, FIRS, Muhammad Nami, made the call at a Technical Assistance Programme organised by...

Report Says Nigeria, 10 ECOWAS Countries In Debt Distress   A new report by the Nigerian Economic Summit Group and the Open Society Initiative for West Africa has disclosed that Nigeria and 10 other Economic Community of West African States countries are currently in debt distress...

Telcos Propose Tax Review To Avert 40% Tariff Hike   Telecommunication companies, under the aegis of the Association of Licensed Telecoms Operators of Nigeria (ALTON) has said the removal of multiple taxes in the telecom industry will reduce some of the operational pressure on the companies. According...

How FG Spent N41.9 Billion On Debt Servicing In January The Central Bank of Nigeria (CBN) new data has revealed that Nigeria’s monthly debt servicing increased by $31.46 million in one month to $101.29 million in January, which is about 45 per cent jump month-on-month. As...