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Ministry wants independent regulator for NIPOST

The Ministry of Communication and Digital Economy, has called for the establishment of an independent regulator for effective operations of the Nigerian Postal Service (NIPOST).

EFCC recovers over N1 billion cash from civil servant

The Chairman of Economic and Financial Crimes Commission, Abdulrasheed Bawa, on Thursday disclosed that the anti-graft agency last week recovered over N1 billion cash sitting in one bank account from a civil servant.
The Senate President, Ahmad Lawan, has said that for appreciable development to take place in the country, more women must be regarded and enlisted to take up more spaces in governance.

Senate summons AuGF over five-year unaudited account of NIS

The Senate has summoned the Auditor-General of the Federation (AuGF), Mr Aghughu Arhotomhenia, over the non-audit of the financial records of the Nigerian Immigration Service (NIS) in the last five years.
Minister of Communications and Digital Economy, Dr. Isa Ali Pantami

Finance Act: NIPOST regains power to collect stamp duty

Ali Isa Pantami, the minister of communications and digital economy, says the Nigerian Postal Service (NIPOST) is the legal producer of stamp duties through the 2020 Finance Act.
The requests contained in three separate letters read at the beginning of plenary on Tuesday by the Senate President, Ahmad Lawan. 3

Senate to probe 460 revenue-generating MDAs

Senate Committee of Finance says it will begin its investigation of revenue-generating Ministries, Departments and Agencies (MDAs) from March 10, to determine their compliance with laws of remittance of internally generated revenue since 2014.
Treasury chief Rishi Sunak had committed to ending the widely unpopular tax on tampons and sanitary pads in his budget in March but the change could only take effect Friday after Britain had finally left the economic orbit of the European Union.

The Times: British finance minister looking to delay tax rises

British finance minister Rishi Sunak is expected to delay plans for tax rises until late this year, The Times newspaper reported on Friday, citing a senior government source.
The recent declaration by the court that N50 stamp duty on teller deposits or electronic transfer of funds is illegal is in order, frontline Lagos Lawyer, Fred Nzeako, has said.

N50 stamp duty by banks illegal – Lagos lawyer

The recent declaration by the court that N50 stamp duty on teller deposits or electronic transfer of funds is illegal is in order, frontline Lagos Lawyer, Fred Nzeako, has said.
The Federal Government says its Social Housing Programme, one of the components of the National Economic Sustainability Plan (NESP), is targeted at low income earners

Nigerian government says 300,000 mass housing scheme strictly for low income earners

The Federal Government says its Social Housing Programme, one of the components of the National Economic Sustainability Plan (NESP), is targeted at low income earners.
Debates on revenue collections from Stamp Duties between Federal Inland Revenue Service (FIRS) and Nigerian Postal Service (NIPOST) was brought to a close as FIRS submitted that it was backed by law to collect stamp duties.

FIRS urges taxpayers o take advantage of e-service platforms

The Federal Inland Revenue Service (FIRS) on Thursday urged tax payers to take advantage of its E- Service platforms for the remittance of taxes and other tax related inquiries.
4. President Muhammadu Buhari is currently presiding over the 24th virtual Federal Executive Council, FEC, meeting at the Council Chamber, Presidential Villa, Abuja.

NBA, NMA, 28 others demand overhaul of security apparatus

Thirty prominent professional bodies under the aegis of the Association of Professional Bodies of Nigeria (APBN) yesterday urged the federal government to immediately overhaul the country’s security apparatus, saying the situation had largely deteriorated in recent months.
Governors of the thirty-six states of the country under the aegis of the Nigeria Governors Forum, NGF will be meeting tomorrow, with evolving a new national security order that will ensure the safety of lives and property nationwide topping the agenda

Nigerian governors to meet with President Buhari to address security challenges

Governors of the thirty six states under the aegis of the Nigeria Governors Forum, NGF have resolved to meet with President Muhammadu Buhari to address the security challenges with continued cases of armed banditry, terrorism and kidnapping across the country.
Governors of the thirty-six states of the country under the aegis of the Nigeria Governors Forum, NGF will be meeting tomorrow, with evolving a new national security order that will ensure the safety of lives and property nationwide topping the agenda

NGF meets tomorrow over new national security order

Governors of the thirty-six states of the country under the aegis of the Nigeria Governors Forum, NGF will be meeting tomorrow, with evolving a new national security order that will ensure the safety of lives and property nationwide topping the agenda.
Ifueko Omoigui Okauru

Ifueko Okauru: How we reformed FIRS, grew Nigeria’s revenues

Between 2004 and 2012, Ifueko Omogui Okauru led a revolutionary campaign in the Federal Inland Revenue Service (FIRS). Under her leadership during the period, FIRS witnessed extensive reforms and fundamental transformation.
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.

Nigeria’s inflation hits 14.23 percent in October

Nigeria’s inflation climbed to 14.23 percent in October, 2020 according to National Bureau of Statistics (NBS) report on consumer price index, released on Monday.Nigeria’s inflation climbed to 14.23 percent in October, 2020 according to National Bureau of Statistics (NBS) report on consumer price index, released on Monday.

Nigerian Navy generates N884 million in 2020

The Chief of Naval Staff, Vice Admiral Ibok-Ete Ibas, at the weekend revealed that the Nigerian Navy generated over N884 million in 2020 as its internally generated revenue, (IGR).
The Nigeria Governors’ Forum (NGF) and the Federal Government have commenced a Human Capital Development (HCD) plan towards moving 24 million Nigerians out of poverty before 2030.

Nigerian governors meet to discuss N1 billion virus support, stamp duty

The Nigerian Governors Forum will on Wednesday (today) hold its 16th teleconference meeting where the governors would discuss the N1 billion Federal Government support to 32 states and the controversy surrounding the stamp duty collections/recovery.
Minister of Communications and Digital Economy, Dr. Isa Ali Pantami

Stamp Duty: Minister writes President Buhari, seeks justice for NIPOST

The Minister of Communications and Digital Economy, Dr Isa Ali Pantami, has disclosed that he has written to President Muhammadu Buhari over the Stamp Duty dispute between the Nigeria Postal Service (NIPOST), a subsidiary of his ministry, and the Federal Inland Revenue Service (FIRS).
Ahmad said the Executive Chairman of FIRS, Muhammad Nami, disclosed this at the inauguration of the Inter-Ministerial Committee on Audit and Recovery of Back Years Stamp Duties and the unveiling of the FIRS Adhesive Stamp in Abuja.

FIRS generates N3 billion from stamp duty weekly – chief

The Federal Inland Revenue Service (FIRS) generates about N3 billion from stamp duty weekly.

NIPOST, FIRS war escalates over stamp duty collection

The imbroglio between Nigeria Postal Service (NIPOST) and the Federal Inland Revenue Services (FIRS) over jurisdiction in respect of stamp duty collection worsened on Tuesday.
An ex-Chairman of the Ikeja Branch of the Nigerian Bar Association (NBA), Mr Adesina Ogunlana, has said that he was wrongly barred from contesting the association’s national elections which held on Wednesday and yesterday.

NBA election: My disqualification was wrong – Adesina Ogunlana

An ex-Chairman of the Ikeja Branch of the Nigerian Bar Association (NBA), Mr Adesina Ogunlana, has said that he was wrongly barred from contesting the association’s national elections which held on Wednesday and yesterday.
Ahmad said the Executive Chairman of FIRS, Muhammad Nami, disclosed this at the inauguration of the Inter-Ministerial Committee on Audit and Recovery of Back Years Stamp Duties and the unveiling of the FIRS Adhesive Stamp in Abuja.

FIRS: Tenants not to pay stamp duty charges to landlords or in arrears

The Federal Inland Revenue Service (FIRS) has assured that stamp duty will not be collected in arrears from tenants. It also said it should not be collected from tenants by landlords.
A fire incident occurred at the headquarters of the Federal Inland Revenue Service (FIRS) in Abuja on Monday, officials said.

FIRS plans stamp duty palliatives for tenants

The Federal Inland Revenue Service (FIRS) says it is working on a stamp duty palliative package for tenants in view of the current economic realities occasioned by COVID-19.

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APC governors endorse NGF committee on judiciary, state legislature autonomy

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