RMAFC Begins Revenue Allocation Formula Review
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) said it has commenced the process of reviewing the current revenue allocation formula.
The Commission’s call for memoranda on the review signed by the Chairman of the Revenue Allocation Formula Committee, Mr...
VAT, Multiple Taxations Undermine Stock Market Performance
Barely two years after the resumption of Value Added Tax (VAT) to the stock market, investors have returned about N30 billion into government coffers. The amount includes the 10 per cent withholding taxes remitted to the government, despite...
External Reserves Gain $76.5bn In Seven Days
In a curious twist of fate last week, there was a breather for the falling foreign exchange reserves. The figures gained an average of $76.5bn in seven days.
The gross component gained $83.3 million between July 12 and July...
FIRS, Firm Partner To Simplify Tax Remittances
No further simplify tax remittances, SystemSpecs has collaborated with the Federal Inland Revenue Service (FIRS).
This deal is also aimed at strengthening tax administration through its Remita Payment Gateway, which powers payments on TaxPro-Max, a new solution for filing...
Beans, Tomatoes, Rice Record 253%, 123%, 51% Price Hike
The cost of food items in Nigeria has been recording significant increases in the past one year.
A survey carried out by our correspondents in markets across Lagos, Ogun and Federal Capital Territory showed that staple food...
Nigerians Spend N7trn Yearly On Power Generation
Nigerians, and by extension, their businesses, expend about N7 trillion annually on power generation, a Renewable Energy expert, Mr Stephen Ogboko, has said.
Ogboko, also the Executive Director and Chief Operating Officer, Off Grid Tech Solutions Ltd., made this...
