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Monday, July 24, 2017

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...

Non-oil revenue down by 58% to $4.3bn — CBN

The Central Bank of Nigeria (CBN) has said that the revenue from non-oil exports fell sharply by 58 percent to $4.39 billion in 2015. Meanwhile,...
FIRS

Govt Can Tax Religious Institutions For Additional Revenue

Recently, the Founder of INRI Evangelical Spiritual Church, Elija Ayodele, took a swipe at churches in Nigeria that do not do enough to alleviate...

SBH accuses CBN over N7.7trn stamp duty revenue 

The School of Banking Honours (SBH) has called on the Federal Government to reverse the N50 stamp duty recently introduced on electronic transfers, insisting...

Audit all revenue sources now, Reps order FG 

The House of Representatives has urged the federal government to undertake a comprehensive audit of all the revenue generating sources in the country to...

NASS query CBN over utilisation of N1trn revenue in 2015

The joint Committee of the Senate and House of Representatives on Banking and Currency yesterday queried the nation’s apex bank, the Central Bank of...

N5tr pension funds: Stakeholders to Discuss Investment

The House of Representatives has mandated its committees on Pensions, Finance and Capital Market institutions to interface with the Nigerian Pensions Commission (PenCom) and...

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