Contributory Pension Assets Rise To N12.9trn - PenCom     Assets under the Contributory Pension Scheme rose by N120bn in August, data obtained from the National Pension Commission have shown. PenCom disclosed this in its latest unaudited report on pension funds industry portfolio. According to the report, the assets...

FIRS To Go After Tax Evaders In Aviation, Maritime Sectors     The Federal Inland Revenue Service (FIRS) has said it will soon commence a back-end tax audit on operators in the maritime and aviation industries to checkmate tax evasion. The Executive Chairman, Muhammad Nami, who made the...

Nigeria Loses $1bn Annually To Gas Flare Data Falsification   Nigeria is losing about $I billion revenue annually to falsification of gas flare data by Multinational Oil Companies (MOCs) operating in the country, the Chairman, Economic and Financial Crimes Commission (EFCC) Rasheed Bawa said yesterday in...

NNPC To Reconstruct Federal Roads, Projects To Gulp N621.2bn     The federal government has given the Nigerian National Petroleum Company (NNPC) the green light to take over the repairs and reconstruction of 21 critical highways spread across the nation’s six geo-political zones. This is just as the...

MultiChoice Rejects Tax Tribunal’s Ruling On $342m Payment     MultiChoice Africa Holdings (MAH), the parent company of MultiChoice Nigeria, has rejected Tuesday’s ruling of the Tax Appeal Tribunal (TAT), which dismissed its appeal against the $342million Value Added Tax (VAT) bill slapped on it by the...

'Why Fed Govt Expenditure Fell To N781bn In August'     The Federal Government’s expenditure fell by 18.76 per cent to N781.61bn in August as a result of compression in capital spending relative to their budget. A member of the Monetary Policy Committee, Prof. Adeola Adenikinju, disclosed this...