FRC, FRSC Boss In Counterclaims Over N5.1bn Remission To Federation Account       The Fiscal Responsibility Commission has alleged that the Federal Road Safety Corps is yet to remit N5.1bn into the Federation Account from 2016 to 2019. FRC made the allegation on Wednesday in Abuja at the...

Tax Evasion: Tribunal Orders DSTV To Pay 50% Tax Arears Before Hearing Appeal. A Tax Appeal Tribunal (TAT) sitting in Lagos has ordered Multichoice Nigeria Limited, owners of popular cable television services, DSTV, to pay 50 per cent of N1.8 trillion which the Federal Inland...

Buhari To Receive Revised Revenue Sharing Formula By December — RMAFC Boss       The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has said a new revised federation account revenue sharing formula will be ready and presented to President Muhammadu Buahri by the end of 2021. The RMAFC...

FG Raises N1.923trn Through Savings, FGN Bonds In Eight Months       In a development that shows sustained investors’ confidence in the Nigerian debt market, the federal government through the Debt Management Office (DMO) in raised a whooping N1.923 trillion from bond auctions from January till date. The...

2022 Budget: Health, Defence, Transport, Works Get Highest Capital Allocations       The Ministries of Works and Housing, Defence, Health and Education are to get the highest capital allocation in the 2022 federal budget. This is according to the 2022 Budget Call Circular released on Tuesday night. The circular...

FG Spends N400bn Yearly On Social Investments – SGF       The Federal Government is spending over N400bn annually on social investment programmes in its bid to lift millions of Nigerians out of poverty, the Secretary to the Government of the Federation, Boss Mustapha, has said. He disclosed...