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...

NERC Scrutinises Discos’ Capital Spends Before Tariff Review   The Nigerian Electricity Regulatory Commission (NERC) would be taking a deeper look at how the 11 electricity distribution companies (Discos) have utilised the capital expenditure allowed for them in their respective existing tariffs before agreeing to sign...

Ogun State Governor, Senator Ibikunle Amosun, has said the current Value Added Tax (VAT) haring formula was obsolete and should be reviewed. Amosun Spoke at the opening ceremony of the 135th Joint Tax Board (JTB) in Abeokuta, adding that the elite should be blamed for...