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The Federal Government, 36 states and the Federal Capital Territory and 774 local government areas shared N693.529 billion as of September allocation disbursed by the Federation Account Allocation Committee (FAAC).
Mrs Zainab Ahmed, the Minister of Finance, Budget and National Planning, says the nation will not be able to reach 80 per cent revenue performance for 2019.
Following a fresh claim by PriceWaterhouse Coopers (PwC) that the electricity distribution companies (DisCos) have not paid tax to the Federal Government(FG) since privatization of the power sector in 2013, the 10 DisCos have faulted the claim.
African nations are targeting to invest $1 trillion over the next 10 years to bridge the worrisome infrastructure gap on the continent.
A total of N679.699 billion has been distributed as Federal Allocation for the month of May, 2019 between the Federal Government, State Governments and Local Government Councils.
A large proportion of the N7.9 trillion pieces of naira notes in circulation are dirty, mutilated, unfit for Automated Teller Machines (ATMs) and over-the-counter payments, the Central Bank of Nigeria (CBN) has said.
A new report has disclosed that the federal government, 36 states and the 774 local government councils in Nigeria shared a total sum of N8 trillion from the Federation Account in 2018 in spite of the shut-ins in several oil installations during the period.
A total of N619.857 billion has been distributed as federal allocation for the month of February 2019 among the Federal, States and Local Government Councils.
The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler, has stated that Value Added Tax (VAT) is primarily designed to support poor Nigerians and not to create hardship for them, as it is charged on consumption and capacity to consume.
A notice by Minister of Budget and National Planning, Senator Udoma Udo Udoma and Executive Chairman of Federal Inland Revenue Service (FIRS) Mr. Babatunde Fowler of government’s intention to raise the rate of value added tax (VAT) before the end of 2019 is presently causing ripples among various categories of Nigerians.
Ebonyi State Governor, David Umahi, has opposed the proposed plan by federal government to lift Value Added Tax (VAT) from five percent to 35 percent, stressing that it would put the country in difficult situations.
The Federation Accounts Allocation Committee (FAAC) has shared a total of N610.368 billion to the three tiers of government.
The Federation Account Allocation Committee (FAAC), disbursed the sum of N270.17 billion to the Federal Government in January, 2019, the National Bureau of Statistics (NBS) has disclosed.
The Minister of Budget and National Planning, Senator Udoma Udo Udoma is optimistic that the Nigerian economy will continue to maintain its recovery in 2019 as the real GDP growth is expected to increase from 0.8% in 2017 to 2.1% in 2018 and 3.01% in 2019, with the sustained implementation of the ERGP.
The Federal Inland Revenue Service (FIRS) remitted about N4.63 trillion to the Federation Account between January and November this year, revenue collection figures submitted to the Federal Ministry of Finance have shown.
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Accident Investigation Bureau (AIB) Nigeria has released the preliminary reports on the incidents involving three aircraft, two B737-300s with tail number 5N-BUK and 5N-BQO and a B737-500 with registration 5N-BRN owned and operated by Air Peace and has issued safety recommendations.
Timo Werner acknowledges he has little hope of outscoring Robert Lewandowski in the Bundesliga this season, as the Bayern Munich forward's form can only be matched by Lionel Messi and Cristiano Ronaldo.
Nigeria’s Super Eagles are expected to storm Maseru, Moshoeshoe International Airport on Friday through a chartered flight to keep a date with Lesotho in the AFCON 2021 qualifiers on Sunday.
Gov. Gboyega Oyetola of Osun State on Thursday presented a N119.5 billion budget to the state House of Assembly for the 2020 fiscal year.
Former World Cup and Champions League-winning coach Marcello Lippi has announced his resignation as manager of the Chinese national team after a World Cup qualifying defeat to Syria.
Suit No. FHC/ABJ/CS/1147/2019 Femi Joseph v Peoples Democratic Party (PDP) and two others are suits climbing through the Federal High Court. The other two defendants are the Independent National Electoral Commission (INEC) and the candidate of the PDP in Saturday’s Kogi State governorship polls, Engr. Musa Wada.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, stated this on Wednesday after the Federal Executive Council meeting presided over by Vice President Yemi Osinbajo.
Minister of Communications and Digital Economy, Dr Isa Pantami, has ordered the deactivation of voicemail services on all existing phone lines in the country.
The Appeal Court in Ilorin has sacked member of the Kwara State House of Assembly representing Ilorin South State Constituency, Abdulazeez Oluwanilo, from office.
Head coach of the Super Eagles, Gernot Rohr, has explained that he left out Nigeria Professional Football League (NPFL) players, from his squad for the 2021 Africa Cup of Nations qualifying matches, because they are not fit enough.