Nigerians To Pay VAT For Digital Services, Says Finance minister
Nigerians may have to pay more for digital services as the Federal Government has introduced a policy requiring foreign companies that provide digital services in the country to collect and remit Value Added Tax to...
Senate Probes BPE, Alleges Unremitted $679.4m Rent On Ports’ Concession
The Senate Committee on Public Accounts has begun an investigation of the Bureau of Public Enterprises for allegedly failing to remit $679.4m realised from the concession of various ports to 23 companies the Nigerian Ports...
Bank Of Agric Distressed Over Bad Loans, Others – Auditor Ceneral
The Office of the Auditor-General of the Federation has said the Bank of Agriculture may have become distressed as a result of its inability to meet its obligations and provide meaningful service to the...
Osinbajo, Panel To Meet NLC Over Subsidy Removal, Transport Palliative
The Minister of Finance, Budget and National Planning, Zainab Ahmed, says the Federal Government is determined to remove subsidy on Premium Motor Spirit, commonly known as petrol.
She also said a panel chaired by Vice President...
PFAs Invest Additional N693bn Pension Funds In Banks
The Pension Fund Administrators invested N693bn funds under the Contributory Pension Scheme in banks in nine months, according to data from the National Pension Commission.
PenCom’s unaudited report on pension funds industry portfolio for the period ended September...
Banking Industry Credit Rises to N23.5trn
The Central Bank of Nigeria has stated that banking industry credit in 2021 reached N 23.5 trillion with Other Financial Institutions (OFIs); comprising of Microfinance Banks, Development Banks, Merchant banks and mortgage banks contributing N2.79 trillion, representing 10.62 per...
