N47.1bn Debt: Abuja Disco Threatens To Disconnect Barracks, 84 MDAsÂ
February 19, 2024 The Abuja Electricity Distribution PLC has threatened to disconnect the electricity supply of 86 Ministries, Departments and Agencies (MDAs) over a total debt of N47.1bn. This is…
Pantami: NCC, others to contribute more to GDP; explains N1trn revenue in 2 years
August 22, 2021 Through spectrum sale from National Frequency Management Council assigned to the Nigerian Communications Commission (NCC), within two years, we remitted over N358billion The Ministry of Communications and…
Fraud alarm at FIRS: Buhari queries Fowler over variances
All is not well in the house of the taxman as the Presidency has issued a stern query to the Chairman of the Federal Inland Revenue Service (FIRS), Mr Babatunde…
FG increases VAT as Senate approves N30,000 minimum wage
On a day the Nigerian Senate approved N30,000 minimum wage, the Federal Government announced an increase in Value Added Tax (VAT) from 5 percent to about 7.5 percent. The Federal…
Tax evasion: Yar’adua Foundation, others to lose N4.8bn property
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has moved to seize plots of land and buildings which cumulative value has been put at N4.8 billion from 30…
EFCC clears Zinox, TD staff of alleged N170m Contract scam, petitioner accused of blackmail
The Economic and Financial Crimes Commission (EFCC) has cleared Zinox Technologies Ltd., Zinox Telecoms as well as Technology Distributions Ltd. (TD) and its staff of any infraction based on a…
FIRS to go after 6,772 billionaire tax defaulters – Fowler
The Federal Inland Revenue Service (FIRS) will soon go after the bank accounts of defaulting taxpayers who are raking in billions in Nigeria and are not paying taxes, FIRS Chairman,…
Delay in budget passage will have some impact, says Adeosun
May 11, 2018 The Minister of Finance, Mrs Kemi Adeosun, said the delay in passage of the 2018 budget would have some impact on the nation and cause some adjustments…
We violated procurement law, NEMA DG admits; contractors forges ITF certificate
The director general of the National Emergency Management Agency (NEMA), Engineer Mustapha Maihaja, has admitted before the House of Representatives Committee on Emergency and Disaster Preparedness, investigating breach of public…
RMAFC recovers N57.7bn unremitted revenues from banks
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), as part of its efforts to boost revenue accruals into the federation account, has recovered N57.7 billion unremitted revenues from collecting banks….