A total of 111 audit firms have started probing the 22 banks operating in the country for non-remittance of taxes and duties collected on behalf of the Federal Government. The PUNCH investigation showed that the firms were appointed by Revenue Mobilisation, Allocation and Fiscal Commission...

The 36 states of the federation shared N111.8 billion in October. It is less than the N143.6 billion shared in September from the Federation Account by N31.8 billion. The breakdown forms part of a report yesterday by the News Agency of Nigeria (NAN) from Office of...

The Revenue Mobilisation, Allocation and Fiscal Commission has asked the Federal Government to widely consult stakeholders before deciding whether to heed calls for the conversion of Nigeria’s Joint Venture contracts in oil operations to an Incorporated Joint Ventures Companies. The commission, in a statement made...

The Revenue Mobilisation Allocation and Fiscal Commission has thrown its weight behind the move by the Federal Government to seal a $15bn future oil deal with the government of India. The Minister of State for Petroleum, Dr. Ibe Kachikwu, had announced a deal with the...

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has expressed optimism on the quick recovery of the economy from the effects of recession. It lamented that the prevailing reception “bites harder and negatively impacts on the socio—economic living conditions of the Nigerian populace.” A statement from...

*Proffers suggestions on ways out of recession *Wants Executive to raise capital from asset sales *Ready for President’s Emergency Power Bill *Asks President to dialogue with Niger Delta *Says he must also engage private sector in leadership THE Senate asked the federal government to stop the blame...