Economic crisis: IMF gives tough prescriptions for Nigeria, other sub-Saharan Africa nations
The International Monetary Fund (IMF) urged sub-Saharan African policymakers last week to cut costly fuel subsidies and raise more in taxes, measures that may be hard to implement as governments…
ISWAP-Boko Haram Appoints New Commanders, Taxes Farmers, Fishermen
July 4, 2021 Henceforth, members of the terrorist sect will be collecting N5,000 monthly from traders and farmers, while the fishermen will pay N2,000 per bag of fish among other…
Nigerians to pay more in taxes, duties as FEC approves Finance Bill 2020
The Federal Executive Council (FEC) has approved the Finance Bill 2020 meant to support the smooth implementation of the 2021 budget. The implication is that the government will deepen its…
Petroleum dealers threaten shut down over multiple levies, taxes
Petroleum dealers in Anambra have threatened to shut down operations in 21 days over alleged government multiple levies and indebtedness. The operators under the aegis of NNPC Enugu Depot Community…
Money tears Boko Haram apart; factions fight over sharing of taxes
A dispute over money within a Nigerian jihadist faction affiliated to the Islamic State group has spiralled into clashes that has killed “scores” of fighters, sources said. The infighting —…
Nigeria to earn $5.60bn in taxes from Schlumberger, other deals — Baru
The Nigerian National Petroleum Corporation (NNPC), says the NNPC, First E&P and Schlumberger 724 million dollars oil financing deal will enable Nigeria earn 5.60 billion dollars in taxes and royalty….