FAAC: FG, States, LGs share N619.3bn for December 2020
The Federal Government, States and Local Government Councils (LGCs) have shared N619.343 billion as federation allocation for December, 2020. Mr. Hassan Dodo, Director of Information, Ministry of Finance, Budget and…
CAC generates N19bn revenue, says 2020 was one of our best yearsÂ
The Registrar-General, Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, has said the organisation raked in more than N19 billion as Internally Generated Revenue (IGR) last year. Abubakar made this known…
WE MUST SCALE UP INTERVENTIONS IN MSMEs SECTOR –Â OSINBAJO
In partnership with the private sector, the Federal Government would continue to support innovation and interventions to boost the growth of small businesses across the country, so as to improve…
Prosecution witness who testified to the EFCC regarding Maina’s Abuja property reportedly died of COVID-19 – Detective tells court
A former Chairman of Pension Reform Task Team (PRTT), Abdulrasheed Maina, bought a property worth $2 million in the Jabi area of Abuja, the Federal Capital Territory (FCT), a prosecution…
Low oil price, Covid-19: Nigeria’s revenue drops by 60%, economy under pressure
Minister of State for Petroleum Resources, Mr Timipre Sylva, says Federal Government’s earnings, from oil and non-oil sectors coupled with low revenue receipts from the Federal Inland Revenue Service (FIRS),…
EFCC quizzes Fowler, ex-FIRS Chair, over alleged fraud
The Economic and Financial Crimes Commission, EFCC, has reportedly arrested a former Chairman of the Federal Inland Revenue Service, FIRS, Babatunde Fowler. No reason was given by the anti-crime agency…
FAAC: FG, States, LGs share N639.9bn for Sept, as FG sees decline in VAT revenue
The Federal Government (FG) states and local government councils have shared N639.901 billion for the month of September, Mr. Aliyu Ahmed, Permanent Secretary, Ministry of Finance, Budget and National Planning, has…
FG apologises over ‘misleading tweet’ on self-certification forms
The Federal Government has apologised for its tweet ordering all account holders in the country to obtain and fill self-certification forms. In a directive contained in a series of tweets…
Reps urge Buhari to compel CBN, NNPC, others to honour invitation of the House within seven days
The House of Representatives has called on the President to compel the Central Bank of Nigeria (CBN), Godwin Emiefele, Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Managing Director…
6% stamp duty on tenancy, lease agreements not chargeable across board – FIRS clarifies
The Federal Inland Revenue Service, FIRS says the 6 per cent stamp duty on all tenancy and lease agreements is not chargeable across board but only on rent or lease…