FG plans fresh cash transfer scheme for 75 million Nigerians
The Federal Government on Tuesday said it had reinstated the suspended social investment programme, disclosing the scheme would provide direct payments to 75 million...
Reps Canvass Support For BOI, Banking Reforms
The House of Representatives Committee on Industry says it is pushing policy reforms and increased budgetary allocations for financial support across various critical sectors,...
Naira depreciates to N1,530/$ in official market
The Naira yesterday depreciated in the parallel market to N1,530 per dollar from N1,525 per dollar on Tuesday.However, the Naira yesterday appreciated to N1,459.02...
Tax Now Highest Revenue Source To Federation – FG
The Federal Government has tasked tax professionals with putting more effort to increase tax collection, emphasising that this is now the federation's largest source of income.
This was revealed by Accountant-General of the Federation, Oluwatoyin Madein on Tuesday during the 26th Annual Tax Conference of the Chartered Institute of Taxation of Nigeria in Abuja, which had as its theme: Sustainable Tax Culture and Economic Roadmap for Nation Building.
The government pointed out that based on the current high revenue from taxes, members...
Remove Petrol, Electricity Subsidies After Taming Inflation, IMF Tells FG
The International Monetary Fund (IMF) has urged the Federal Government to remove the fuel and electricity subsidies when the rising inflation has been addressed.
The...
Suspend Implementation of Cybersecurity Levy, Tinubu Orders CBN
President Bola Tinubu has asked the Central Bank of Nigeria to suspend the implementation of the controversial cybersecurity levy policy and ordered a review.
This followed...
FCMB and U.S. Government Partner to Disburse $10 Million Loans Across Nigeria
The United States government has forged a partnership with First City Monument Bank (FCMB) to facilitate $10 million in loans across Nigeria’s health and...
EFCC Halts Dollar Transactions, asks Embassies To Charge in Naira
The Economic and Financial Crimes Commission has read the Riot Act to foreign missions based in Nigeria, banning them from transacting in foreign currencies,...
More Woes For Nigerians As Tax Committee Recommends VAT Hike
A revision to the Value Added Tax (VAT) has been suggested by the Presidential Committee on Fiscal Policy and Tax Reforms.
In addition, committee chairman Taiwo Oyedele proposed that the methodology for VAT revenue-sharing be examined.
He spoke at a policy exposure and impact assessment session organised by the committee.Oyedele however allayed fears over the impending review, saying it...
CBN Orders Registration of 1.9 million POS Operators
According to information obtained by GTN, Point of Sale companies have been given a two-month deadline by the Federal Government's Corporate Affairs Commission to...
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Nigeria Set for Economic Resurgence, Says VP Shettima
Vice President Kashim Shettima has expressed the commitment of the President Bola Tinubu administration to drive economic growth and reform Nigeria's healthcare system.
He...
Nigeria Governors Reject Proposed Increase in VAT
The Nigeria Governors’ Forum (NGF) has firmly opposed the proposed increase in Value Added Tax (VAT) from 7.5% to 10%, calling the initiative untimely....
Chaos Erupts at Edo Governorship Tribunal as APC and PDP Exchange Accusations
Suspected thugs opened fire near the Edo State Governorship Election Petition Tribunal on Wednesday, as hearings resumed for petitions challenging Senator Monday Okpebholo’s victory...
