MTEF: FG Projects 2.3m bpd Oil Production At $60pb Oil Benchmark
The Federal Government says its key assumptions and micro-framework of the 2019 budget will be based on a projection of 2.3mbpd oil production, oil price benchmark of 60 dollars per…
FG Sets up Committee to Harmonise Oil, Gas Revenue, Production
Minister of state for petroleum Resources, Ibe Kachikwu The Federal Government has set up a committee to harmonise oil and gas revenue and production data of government earnings from all…
85% of VAT Collected Shared Among States to Provide Free Education, Free Health Services, Others – Fowler
Executive Chairman,FIRS, Babatunde Fowler The Executive Chairman, Federal Inland Revenue Service (FIRS), Babatunde Fowler, says Value Added Tax (VAT) is a consumption tax designed to support the poor and not…
FIRS Refutes Report of 50% VAT Increment
The Federal Inland Revenue Service (FIRS) on Wednesday refuted report of planned increment of Value Added Tax (VAT) by 50 per cent to meet up payment of the newly…
Predictions on Naira Devaluation Speculative, Act of Western Sabotage – ABCON
Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON), on Monday in Lagos described prediction that the naira would fall to N415 to the dollar by…
N1.2bn tax: SAN insists FIRS acted in error, absent in court
The absence of Mr Joseph Daudu (SAN) on Wednesday stalled proceeding over the tax assessment of his firm by the Federal Inland Revenue Service (FIRS) at the Tax Appeal Tribunal,…
Minimum Wage: Labour Promises To Go Tough On Governors Who do not Comply
With President Muhammadu Buhari about to roll out a new salary package for civil servants, an influential workers’ Union has promised tough times for governors who may not pay…
FAAC: FG, States, LGs Receive Over N788bn in Oct., Up From N89.42bn in Sept., as Crude Oil Revenue to Federation Increased By $54.19m
The Federal, States and Local Governments, have shared N788.13 billion as federal allocation for the month of October at the Federation Account Allocation Committee (FAAC)Â meeting. A statement…
Alleged N160bn fraud: Prosecute Tinubu now, PDP tells Buhari
The Peoples Democratic Party (PDP) Tuesday put the Economic and Financial Crimes Commission (EFCC) to task: Prosecute Asiwaju Bola Tinubu, a leader of the All Progressives Congress (APC) over mind-blowing…
VAT remittances jump but states still owe FIRS N41bn – NEC
The National Economic Council (NEC) says states are owing the Federal Inland Revenue Service (FIRS)Â N41 billion in Value Added Tax (VAT) just as it was revealed that VAT remittances…