Govt-owned Agencies Didn’t Remit N2trn To Federation Account - Senate
The Senate Committee on Finance has raised the alarm that some government-owned agencies has failed to remit over N2tn to the federation account from 2014 till date.
The Chairman of the Committee, Senator Solomon Adeola, stated...
Senate Approves N216.646bn FIR's 2021 Budget
The Senate has approved N216, 646, 579, 231.00 as 2021 budget for the Federal Inland Revenue Service (FIRS).
The Senate also approved the upward review of the revenue target of FIRS from N5.076 trillion last year to N7.61 trillion this...
Finance Minister, Shareholders Disagree Over N150bn Unclaimed Dividends
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, yesterday, disagreed with the Independent Shareholders Association of Nigeria over plans by the Federal Government to take over unclaimed dividends worth over N150billion in the country.
While...
Petroleum Shipment: Senate Raises Concern Over $120m Yearly Losses
The Senate on Tuesday, raised concerns over reports that the nation loses over $120m annually, following overwhelming patronage of foreign shipping firms in the shipment of petroleum products.
The upper chamber has therefore, directed the Nigerian National...
No Plan To Increase VAT, Others – Fed Govt
The Federal Government has refuted speculations it plans to increase the Value Added Tax (VAT) and other taxes in its proposed Finance Bill.
Minister of Finance, Zainab Ahmed, who spoke while defending the Ministry’s budget before the...
FG Not Monitoring 240 Revenue-generating Agencies - Senate
The Senate on Thursday expressed worry over the failure of agencies to remit revenues into the purse of the Federal Government.
It also challenged the Office of the Accountant General of the Federation to develop a modern software...
