Tax Reform Bill: Attribution before Derivation I have been studying this tax reform bill for sometime now but my worry is heightening by the day. The truth is that Tinubu’s tax experts who worked on the bill has inputed so much into the bill which...

Why We Must Address Inherent Injustice in Present VAT Regime - FIRS Boss   The Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has described the allocation of 70% of value-added tax (VAT) proceeds to Lagos, Rivers, and the Federal Capital Territory (FCT)...

Governors Threatening us Over Tinubu’s Tax Reform Bills - Reps   The deputy spokesman of the House of Representatives, Mr Philip Agbese, has disclosed that some governors are threatening to deny some federal lawmakers return tickets in the 2027 general election if they did not withdraw...

Wike Okays N70,000 Minimum Wage for FCT Workers   The Minister of the Federal Capital Territory, Nyesom Wike, has approved the immediate payment of N70,000, the new minimum wage for all administration staff. This was contained in a statement signed by the Press Secretary to the Head...

Foreign Trade Payments in LC Drop by 146% to $434.05m   Nigeria’s foreign trade payments through Letter of Credit (LC) fell by 146.5 percent year-on-year (YoY) to $434.05 million in the first nine months of 2024 (9M’24) from $1.07 billion in the corresponding period of 2023. The...

Nigeria's Total Debt May Hit N170trn as FG Plans to Borrow Fresh N31trn   The Federal Government plans to allocate a significant portion of its budget to debt servicing over the next three years, surpassing allocations for capital expenditures. This is according to the recently approved 2025-2027...