President Muhammadu Buhari Thursday in Abuja directed the Federal Inland Revenue Services (FIRS) and related government agencies to plug all revenue leakages by ensuring strict compliance of tax payments by foreign companies operating in Nigeria, urging deployment of more digital platforms and seamless connections. Speaking, virtually, at the First National …
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Nigeria has borrowed a total of N32.2 trillion ( $84.57 billion) at the end of September 2020, the Debt Management Office announced on Thursday. The figure implies that the nation’s debt profile rose by N1.19tn between the second and third quarters of 2020. According to a breakdown provided by the …
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President Muhammadu Buhari Thursday in Abuja issued stern warning to agencies of government saddled with generating revenue generation to work hard to meet their targets. The President issued the warning after he signed the Thirteen-Point- Five- Eight-Eight trillion Naira (N13.588 trillion) 2021 Appropriation Bill and the 2020 Finance Bill into …
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The Federal Executive Council on Wednesday approved the engagement of a Civil Society Organisation, CSO, for monitoring the implementation of over $311million recovered in February 2020. This is contained in a statement by Dr. Umar Jibrilu Gwandu, Special Assistant on Media and Public Relations, Office of the Attorney-General of the …
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The Senate Monday passed the sum of N13.5 trillion appropriation bill for 2021 fiscal year. The red chamber made an upward review of the Budget by N5.05 billion from the N13.08 trillion presented by President Muhammadu Buhari in October. The passage of the budget was sequel to the consideration of …
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A total of N601.1 billion was shared on Wednesday to the federal, state, local governments and statutory agencies, being the Federation Accounts Allocation for the month of November, 2020. This was announced on after the FAAC meeting for the month of December 2020 held at the Federal Ministry of Finance …
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The ActionAid, a civil society organisation, has alleged fraud in Nigeria’s tax regime, saying there was no records of stamp duties remittances to the federal government coffers in the past three years. The allegation was contained in a communique issued at the end of a two-day National Tax Summit organised …
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The Nigeria’s federal government generated N424.71 billion as Value Added Tax (VAT) in the third quarter (Q3) of 2020, the National Bureau of Statistics (NBS) announced on Monday. According to the NBS, in its “Sectoral Distribution of Value Added Tax Data for Q3 2020”, the new VAT represents an increase …
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At least $236.5 million was invested in private equity financing in Africa in September this year. This only includes operations for which the financial conditions were specified at the time of their announcement. This mobilization is the peak of Q3 2020. In July and August, the private equity transactions for …
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Following a directive issued by President Muhammadu Buhari during presentation of 2021 appropriation bill to a joint session of the National Assembly, the Office of the Accountant General of the Federation (OAGF) has moved to stop the salaries of university staff not captured under the Integrated Personnel and Payroll Information …
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