In a country of about 180 million people, only 214 individuals pay their taxes, Federal government lamented on Thursday. It also regretted that many multinational companies evaded tax payments. The government also expressed concerned over the growing rate and the effects of deforestation in...

The World Bank Group says Nigeria will soon recover from economic recession. Mrs Eme Essien-Lore, Country Manager in Nigeria, International Finance Corporation, a member of the group, made the observation in an interview with journalsits in Lagos on Thursday. ”In our perspective and with the...

President Muhammadu Buhari on Thursday directed the Ministry of Finance and the Central Bank of Nigeria to act with dispatch in releasing the second tranche of the London-Paris Club refunds to states. A statement by the president’s Senior Special Assistant on Media and Publicity, Malam...

Asset Management Corporation of Nigeria, AMCON, have commenced settlement of salaries arrears of disengaged staff of moribund Delta Steel Company, DSC, Ovwian/Aaladja, Udu council area, Delta State, provoking mixed feelings among beneficiaries. The arrears were accumulated when Global Infrastructure Nigeria Limited, GINL, acquired DSC and...

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Dr. Maikanti Baru, has commended the 8th National Assembly over the improved relations between the Corporation and the lawmakers. Dr. Baru gave this commendation during an interactive session between the Management of NNPC and...

The Minister of Finance, Mrs. Kemi Adeosun, has intervened and brokered a resolution to the dispute between the National Pension Commission (PenCom) and the National Insurance Commission (NAICOM) over a circular issued by PenCom directing life insurance companies to transfer their annuity asset holdings...