House To Probe Dormant VAT Waiver For Airlines       The House of Representatives is to probe the non-implementation of waiver of the payment of Value Added Tax (VAT) granted Nigerian Airlines two years ago. The removal of VAT for domestic airlines was approved in 2018 in an...

FG, States, LGs share N604.004 bn for October, 2020. The Federation Accounts Allocation Committee (FAAC), Wednesday at its meeting chaired by the Permanent Secretary, Federal Ministry of Finance, Budget and National Planning, Alh. Aliyu Ahmed shared to the three tiers of government, a total sum...

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...

‘Over 82.9m Nigerians Currently Living Below Poverty Line’       With over 82.9million Nigerians currently living below the poverty line, there is a need to urgently tackle poverty to get the economy back on track, according to ActionAid Nigeria. The Country Director, Actionaid, Ene Obi, also said unemployment...

FAAC Shares N639.901bn  Revenue for Sept 2020 The Federation Accounts Allocation Committee (FAAC) has shared a total of N639.901 billion September 2020 federation account revenue to the Federal, States and Local Government Councils and agencies. This was announced after the physical meeting of the Federation Account...