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Thursday, May 28, 2020

FG Targets N21tn Revenue from Agriculture

The Federal Government has said it will raise the contribution of agriculture to the nation’s Gross Domestic Product by N5tn before 2020. It stated that...
Nigeria Customs Service

Senate Warns Customs: Dont Collect Duties on Old Vehicles

The Senate of the Federal Republic of Nigeria has warned the Nigerian Customs Service (NCS) from collecting duties on old vehicles. In its resolution, the...

FIRS Nets N27.086 bn From Tax Waiver Programme

…Registers 814, 000 taxpayers in 2016 The Executive Chairman, Federal Inland Revenue Service (FIRS), Tunde Fowler, has said that the agency realised the sum of...

Actionaid cautions Nigeria on tax treaties

The Country-Director, Actionaid Nigeria, Mrs Ojobo Atuluku has called on the Nigerian Government to reconsider its position in signing tax treaties, especially those that...

Suspend Vehicle Importation Ban, Reps tell Buhari

The House of Representatives has asked the Federal Government to suspend its new policy of banning the importation of vehicles through land borders. The lawmakers...
Godwin Emefiele CBN Governor

Emefiele seeks Cabotage Act, phone tax to raise N2trn

As Nigeria’s economic recession bites harder and unemployment rate soaring, Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has advised the...

Atiku Advises FG to Live More on Taxes

Former Vice President, Alhaji Atiku Abubakar called on the federal government to live on taxes the way advanced democracies do instead of relying on...

FIRS Seeks Robust Tax Law to Boost Revenue

The Executive Chairman, Federal Inland Revenue Service, Mr. Babatunde Fowler, has said an effective tax law is vital for the mobilisation of tax revenue. Fowler...

N5, 000 Tax Can Save a Child from Malaria- FIRS Boss

...Chartered Institute of Taxation, Ghana honours FIRS Chairman Five thousand Naira, (N5, 000) may seem too little to do a buffet at the Transcorp Hilton...

FIRS Lauds NNPC for Tax Audit

The Federal Inland Revenue Service (FIRS) has commended the Nigerian National Petroleum Corporation (NNPC) for subjecting itself to tax audit as a good responsible...

Senate Asks FG To Recover N42bn Waivers Granted Dangote, Bua, Others

...Asks Stallion, Olam, Milan to refund N24bn ...House: FG loses $2.9bn annually to tax waivers The Senate has asked the federal government to recover N42 billion grants...

Nigeria can generate N5tn annually from Mining-Fayemi

The Minister of Solid Minerals Development, Dr. Kayode Fayemi, has said that Nigeria can generate about N5tn annually if it opens up the sector. He...
Refineries

FG receives $33b from NLNG’

The Federal Government has reaped over $33 billion from the Nigeria LNG Limited (NLNG) initial investment of $2.5 billion. Managing Director of the company, Babs...
barrel

Oil prices now $46 per barrel

Oil hit its highest level price yesterday, driven by a falling dollar and evidence of declining United States (U.S..). supply, putting the price on...

FG targets $2bn Revenue from Tourism

With government and economic drivers working to improve the economy through non-oil sector, the Acting Director General of the Standards Organisation of Nigeria (SON),...

Banks Pay N3.32bn As Fine In 2015

For contravening various rules, including late remittance of funds under the Treasury Single Account (TSA) guiding the Nigerian banking industry, eight banks last year...
FIRS

Nigeria plans to review tax incentives

The Federal Government plans to review its existing tax incentives to further block revenue leakages in the system. Minister of State for Budget and National...

IMO rule threatens Nigeria’s exports

Come July 1, Nigeria’s export products may be rejected if they or the containers in which they are loaded are not weighed before being...

Customs sets N67.9bn monthly target for Lagos seaport

The Nigerian Customs Service (NCS) has set a monthly target of N67.9bn for its three Lagos seaport commands, Apapa Customs Command, Tin-Can Customs Command...

FG injects N350b into economy, mulls VAT increment

The federal government has said that it will inject N350 billion budgeted expenditure to revamp the Nigerian economy in the next few months. It...
Live Covid-19
United States 1,745,803
Cases: 1,745,803
Deaths: 102,107
Recovered: 490,130
Active: 1,153,566
Brazil 414,661
Cases: 414,661
Deaths: 25,697
Recovered: 166,647
Active: 222,317
Russia 379,051
Cases: 379,051
Deaths: 4,142
Recovered: 150,993
Active: 223,916
Spain 283,849
Cases: 283,849
Deaths: 27,118
Recovered: 196,958
Active: 59,773
United Kingdom 267,240
Cases: 267,240
Deaths: 37,460
Recovered:
Active: 229,780
Italy 231,139
Cases: 231,139
Deaths: 33,072
Recovered: 147,101
Active: 50,966
France 182,913
Cases: 182,913
Deaths: 28,596
Recovered: 66,584
Active: 87,733
Germany 181,895
Cases: 181,895
Deaths: 8,533
Recovered: 162,800
Active: 10,562
Turkey 159,797
Cases: 159,797
Deaths: 4,431
Recovered: 122,793
Active: 32,573
India 158,613
Cases: 158,613
Deaths: 4,540
Recovered: 67,753
Active: 86,320
Iran 141,591
Cases: 141,591
Deaths: 7,564
Recovered: 111,176
Active: 22,851
Peru 135,905
Cases: 135,905
Deaths: 3,983
Recovered: 56,169
Active: 75,753
Canada 87,519
Cases: 87,519
Deaths: 6,765
Recovered: 46,164
Active: 34,590
China 82,995
Cases: 82,995
Deaths: 4,634
Recovered: 78,288
Active: 73
Chile 82,289
Cases: 82,289
Deaths: 841
Recovered: 33,540
Active: 47,908
Saudi Arabia 78,541
Cases: 78,541
Deaths: 425
Recovered: 51,022
Active: 27,094
Mexico 78,023
Cases: 78,023
Deaths: 8,597
Recovered: 54,383
Active: 15,043
Pakistan 61,227
Cases: 61,227
Deaths: 1,260
Recovered: 20,231
Active: 39,736
Belgium 57,592
Cases: 57,592
Deaths: 9,364
Recovered: 15,465
Active: 32,763
Qatar 48,947
Cases: 48,947
Deaths: 30
Recovered: 13,283
Active: 35,634
Netherlands 45,768
Cases: 45,768
Deaths: 5,871
Recovered:
Active: 39,897
Belarus 38,956
Cases: 38,956
Deaths: 214
Recovered: 15,923
Active: 22,819
Bangladesh 38,292
Cases: 38,292
Deaths: 544
Recovered: 7,925
Active: 29,823
Ecuador 38,103
Cases: 38,103
Deaths: 3,275
Recovered: 18,425
Active: 16,403
Sweden 35,088
Cases: 35,088
Deaths: 4,220
Recovered: 4,971
Active: 25,897
Singapore 33,249
Cases: 33,249
Deaths: 23
Recovered: 17,276
Active: 15,950
United Arab Emirates 31,969
Cases: 31,969
Deaths: 255
Recovered: 16,371
Active: 15,343
Portugal 31,292
Cases: 31,292
Deaths: 1,356
Recovered: 18,349
Active: 11,587
Switzerland 30,776
Cases: 30,776
Deaths: 1,917
Recovered: 28,300
Active: 559
South Africa 25,937
Cases: 25,937
Deaths: 552
Recovered: 13,451
Active: 11,934