FG Targets N1.2trn From Telcos In 10 Years   The Federal Government targets N1.2 trillion from telecommunications (Telcos) operators in the next 10 years. To realise this, the Federal Executive Council (FEC) has authorised the Nigerian Communications Commission (NCC) to operate the Revenue Assurance Solution (RAS) for...

FIRS Surpasses 2021 Target, Generates N6.4trn   The Federal Inland Revenue Service (FIRS) generates N6.405 trillion in 2021 despite the economic downturn experienced in the globe due to the coronavirus pandemic. The Executive Chairman of FIRS, Muhammad Nami, stated that the figure was over a hundred percent...

Reps Probe Banks Over Dividends, Unremitted Funds   The House of Representatives, on Wednesday, resolved to set up an ad hoc committee to investigate the “suspicious and unclaimed funds” in various accounts in commercial banks in Nigeria. The House mandated the committee to also investigate the unremitted...

Power Tariff Shortfall Hits N2.4trn In Six Years   Power tariff shortfall hits N2.4trn as power consumers did not pay a total of N2.4trn for the quantum of electricity they consumed between 2015 and 2020, the Federal Government has stated in its latest report on Nigeria’s...

2022 Budget: Senate approves N215.8bn for FIRS     The Senate has approved N215.8 billion as budget for the Federal Inland Revenue Service (FIRS) for the 2022 fiscal year. The budget was approved in plenary on Wednesday. It was sequel consideration of a report by the Senate Committee on...

Bond Investors To Get N605bn Repayment   Bond investors may receive N605 billion in repayment of the principal amount and last coupon on maturing Federal Government of Nigeria (FGN) Bonds, while disbursements are expected to be made to the three tiers of government from the Federation...