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Companies Income Tax

Vice President Yemi Osinbajo on Tuesday at the Presidential Villa, Abuja met with Senate President, Ahmed Lawan and Speaker, House of Representatives, Femi Gbajabiamila, over the proposed increase in electricity tariff.

VP Osinbajo: Nigerian government mulling auto-gas as alternative to petrol

In a determined effort to offer Nigerians an effective option to petrol, the federal government will focus on developing Compressed Natural Gas otherwise known as auto-gas, which is priced significantly lower than PMS.
Ahmed Idris, the Accountant-General of the Federation (AGF)

Federal, states, local governments share N682.060 billion for August

The Federation Accounts Allocation Committee has shared a total of N682.060 billion August 2020 Federation Account revenue to the Federal, States and Local Government Councils and agencies.
Ahmed Idris, the Accountant-General of the Federation (AGF)

Federal, states, local governments share N676.407 billion for July 2020

The Federation Accounts Allocation Committee (FAAC) at its virtual meeting on Wednesday, shared to the three tiers of government, a total sum of N676.407 billion as federation allocation for the month of July, 2020.
Ahmed Idris, the Accountant-General of the Federation (AGF)

Federal, states, local governments share N651 billion revenue

The Federation Account Allocation Committee (FAAC) at the weekend shared a total of N651.184 billion as June 2020 allocation among the federal, states, local governments, and relevant agencies in the country.
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed on Saturday met with the leadership of the National Assembly to intimate it with an Executive proposal to establish a N500 billion COVID-19 Crisis Intervention Fund.

Federal, states, local governments share N547.3 billion for May

The Federation Account Allocation Committee (FAAC) Wednesday shared N547.309 billion among the three tiers of government as allocation for May 2020.
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed on Saturday met with the leadership of the National Assembly to intimate it with an Executive proposal to establish a N500 billion COVID-19 Crisis Intervention Fund.

Federal, states, local government share N606 billion for April

Details of the allocation were contained in a Secretariat report released by the Office of the Accountant-General of the Federation at the end of the online meeting of the Federation Accounts Allocation Committee (FAAC) in Abuja.
Ahmed Idris, the Accountant-General of the Federation (AGF)

FAAC admits error, says N661.4 billion shared in March, not N780.9 billion

The Federation Account Allocation Committee, FAAC, has admitted error, saying N661.4 billion was shared among the three tiers of government for March, 2020 and not N780.9 billion earlier announced.
Ahmed Idris, the Accountant-General of the Federation (AGF)

Federal, states, local governments share N780.926 billion for March

The Federal, State and Local Governments and relevant state agencies shared a total N780.926 billion as revenue from the Federation Account Allocation, FAAC, for the month of March 2020.
Ahmed Idris, the Accountant-General of the Federation (AGF)

FAAC distributes N780.926 billion to federal, states, local governments for March

The Federation Accounts Allocation Committee (FAAC) has shared a total of N780.926 billion as Federation Account revenue for March 2020 to the Federal, States and Local Governments and relevant agencies in the country.

Federal, states, local governments share N647.35 billion for January

The Federal Government, States and Local Government Councils have shared a total of N647.353 billion from the Federation Account Revenue for January 2020.

Presidency explains Finance Act 2019

The presidency had made public the breakdown of Finance Bill, 2019, which was submitted to the National Assembly by President Muhammadu Buhari alongside the 2020 Appropriation Bill, and signed into law by the president on Jan. 13, 2020.
Zainab Ahmed

Federal, states, local councils share N716.298 billion for December 2019

The Federation Accounts Allocation Committee (FAAC) has shared a total of N716.298 billion to the three tiers of government for the month of December, 2019.
President Muhammadu Buhari on Monday signed into law the Finance Bill 2019 (now Finance Act), which among other objectives, seeks to increase government revenue while supporting struggling small businesses in Africa’s largest economy.

New finance law will have ‘significant’ impact on businesses in Nigeria

President Muhammadu Buhari on Monday signed into law the Finance Bill 2019 (now Finance Act), which among other objectives, seeks to increase government revenue while supporting struggling small businesses in Africa’s largest economy.
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

Firms with less than N25 million turnover will no longer pay company tax

The Finance Bill 2019, when signed into law, will ensure that small businesses with turnover less than N25m will be exempted from Companies Income Tax.
Zainab Ahmed

FAAC: Federal government, states, local councils share N635.8 billion in November

Alhaji Isa Dutse, Permanent Secretary, Ministry of Finance, Budget and National Planning, said on Wednesday in Abuja that the Federal, States and Local Governments had shared the sum of N635.8 billion for the month of November.

FIRS gives seven days notice to tax defaulters

The Federal Inland Revenue Service (FIRS) has served a seven-day notice to tax defaulters across the country.
Nigeria’s Senate on Thursday passed the Finance Bill for the third time.

Senate approves 7.5% VAT increase

The Senate passed the 56 amendments on the 2019 Finance Bill but some senators kicked against the increase in VAT during the presentation and consideration of the report of the Senate Committee on Finance.
Nigeria’s Senate on Thursday passed the Finance Bill for the third time.

Senate passes VAT increase bill

President Muhammadu Buhari on October 8 presented the Finance Bill to a joint session of the National Assembly for consideration and passage into law.

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President Muhammadu Buhari has appointed former Super Eagles forward Daniel Amokachi, Nigeria’s Football Ambassador.

Daniel Amokachi: I don’t regret not winning Africa Player of the Year Award

Legendary Nigerian striker Daniel Amokachi says he does not regret missing out on the Africa Player of the Year Award during his playing career.
Enugu State House of Assembly

Enugu Assembly warns against exploitation as schools reopen

The Enugu State House Assembly has said that it will not tolerate the exploitation of parents and caregivers by School proprietors, through unnecessary charges as the state reopened primary and secondary schools today.
Cristiano Ronaldo twice netted an equaliser to give Juventus a 2-2 draw away at Roma on Sunday evening.

Juventus’ Cristiano Ronaldo beats Leo Messi to milestone

As for the 450 mark, there is currently only one player to have reached the milestone at present, and that is our very own Cristiano Ronaldo, who scored a brace against Roma last night.
The Johns Hopkins Coronavirus Resource Center has reported large jumps in new COVID-19 cases in India and the U.S.

India’s virus cases top six million amid concerns over festivals, polls

The number of COVID-19 cases in India topped 6 million on Monday amid concerns over the country’s upcoming religious festival and polls in a populous state.
Senegalese international Cheikhou Kouyate is optimistic that Eberechi Eze will soon find his feet in the Premier League.

Cheikhou Kouyate backs Eberechi Eze to find his feet in the Premier League

Senegalese international Cheikhou Kouyate is optimistic that Eberechi Eze will soon find his feet in the Premier League.