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Revenue

Edo IRS commences aggressive tax enforcement exercise

The Edo State Internal Revenue Service has commenced aggressive tax enforcement exercise to collect revenue owed the state government.

Solid minerals as revenue earner?

For so many years, following the lead of the resources that came into the national treasury from oil and gas, the mining of solid minerals has been touted as the next big source of revenue. The memories of solid minerals exploitation, including tin and coal, before the discovery of oil provided some nostalgia about bringing back old revenue sources to life.

Bore hole operators, drillers to pay tax in Katsina

The Katsina State Government said it would tax borehole owners and operators in the state as part of measures aimed at generating revenue for the state and also to address indiscriminate drilling of borehole by several private houses in the state without following due processes
Zainab Ahmed

FG to review alcohol taxes after companies struggle to make profit

The federal government says it is carrying out a review of the excise duties imposed on wines and spirits.
Zainab Ahmed

Minister: Nigeria to introduce new taxes to increase revenue

The federal government has concluded plans to increase revenue by introducing new taxes, Minister of Finance, Zainab Ahmed, told lawmakers on Wednesday.
Ahmed Idris, the Accountant-General of the Federation (AGF)

Federal, states, local governments share N619.857 billion for February

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.
(FILES) This file photo taken on March 22, 2018 shows a computer screen displaying the logo of the social networking site Facebook, taken in Manchester, England. Facebook took out full-page ads in European newspapers on April 16, 2018 to trumpet tough new EU legislation that promises "more data protection for you", as the company seeks to win back trust following a damaging privacy scandal. The new law, set to come into effect on May 25, aims to give users more control over how their personal information is stored and used online, with big fines for firms that break the rules. / AFP PHOTO / Oli SCARFF

Facebook’s privacy move: major pivot or headfake?

After building the world’s biggest and most powerful social network in history, Mark Zuckerberg says the future of Facebook is something else.
The Ekiti State Deputy Governor, Chief Bisi Egbeyemi, has appealed to the people of Isaba-Ekiti in Ikole Local Government Area of Ekiti State to maintain peace over the vacant kingship stool.

Ekiti introduces e-receipt to combat tax fraud

The Ekiti State government has introduced electronic receipt (e-receipt) as part of reforms in the collection of taxes and revenue generation in the state.

Lagos governorship candidates decry alleged wasteful spending

Four governorship candidates have attacked the Lagos State Government over what they described as wasteful spending, saying the resources of the state are not properly accounted for.
Zainab Ahmed

Federal government introduces new revenue initiative

The Federal Government on Wednesday introduced the Strategic Revenue Growth Initiative to generate more revenues to finance national development.
President Buhari presents 2019 Budget to the National Assembly on 19th Dec 2018-2

Experts: 2019 N8.83 trillion budget proposal ambitious

President Muhammadu Buhari on Wednesday presented an N8.83 trillion budget for next year to a joint session of the National Assembly in Abuja, which many analysts have described as ambitious, given the regime’s struggles to meet revenue targets.

Federal government faults FAAN, NTDC, others over non-remittance of operating surplus

The Fiscal Responsibility Commission (FRC) has faulted several government agencies’ reluctance to remit their operating surplus into the Consolidated Revenue Fund (CRF).
Abdul'aziz Yari

Governors demand more funding for all tiers of government

The Chairman, Nigeria Governors Forum (NGF) and Zamfara State Governor, Mr. Abdulaziz Yari, has said that there is need for political decisions that will expand the Nigerian economy to generate funding for all tiers of government to develop human capital and address other sundry issues.

FCT fire service decries non-payment for fire safety fee

Julius Opetunsin, Assistant Controller-General, Federal Capital Territory Fire Service, has decried the non-payment of Fire Safety Certificate by managers of Liquefied Petroleum Gas Plants and filling stations in Abuja to the service.

Nigeria’s non-oil revenue drops in October

Nigeria’s non-oil revenue, at N259.93 billion of total revenue in October, was below both the 2018 monthly budget estimate of N466.91 billion and the N354.38 billion received in September 2018 by 44.3 per cent and 26.7 per cent, respectively.

LCCI: Falling oil prices pose risk to forex market, new minimum wage

The Lagos Chamber of Commerce and Industry (LCCI) has warned that the declining global oil prices pose a risk to stability in the foreign exchange market and may threaten the ongoing negotiation on the new minimum wage.

Ekiti government suspends unauthorised activities in forests

The Ekiti State Government on Tuesday suspended flitching and unauthorised logging activities in its forests across the 16 local government areas of the state.
Acting Finance Minister of Finance Zainab Ahmed

Zainab Ahmed urges state governments to reduce overhead costs

The federal government has called on state governments to reduce unnecessary overhead costs, increase Internally Generated Revenue and embrace fiscal discipline for proper management of available resources.

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An ambulance is seen outside the church premises with gathered security personnel following a blast at St Anthony's Shrine in Kochchikade, Colombo. [Ishara S. Kodikara-AFP]

World leaders react to deadly Sri Lanka blasts

Religious and world leaders have condemned a series of blasts in Sri Lanka that killed more than 150 people on Sunday, including dozens of foreigners — with British, Dutch and American citizens believed to be among them.
Liberia's President George Weah speaks during a news conference at Presidential palace in Abidjan, Ivory Coast, April 4, 2018. REUTERS-Thierry Gouegnon

Liberia, Niron agree on movement of iron ore

Liberia and Niron Metals Plc have signed a Memorandum of Understanding for the passage through Liberia, of iron ore, from the Zogota iron ore deposit in the Republic of Guinea.
A large hoard of cash has been found at the home of Sudan’s ousted president Omar al-Bashir and he is now being investigated for money laundering, prosecutors say.

Over $130 million found at ousted Omar al-Bashir’s home in Sudan

A large hoard of cash has been found at the home of Sudan’s ousted president Omar al-Bashir and he is now being investigated for money laundering, prosecutors say.
Thomas Lemar hopes Antoine Griezmann will still be an Atletico Madrid player next season, while the winger accepts he has more work to do to fully adapt to life in LaLiga.

Thomas Lemar hopeful Antoine Griezmann stays at Atletico Madrid

Thomas Lemar hopes Antoine Griezmann will still be an Atletico Madrid player next season, while the winger accepts he has more work to do to fully adapt to life in LaLiga.
President Buhari signs New National Minimum Wage Bill into Law in State House on 18th April 2019 1

Group tasks governors to emulate President Buhari on minimum wage

As the nation’s workforce continue to heave a sigh of relief following Presidential assent to 30,000 Naira minimum wage bill, state governors have been urged to sustain the tempo.