Home Topics Tax Revenues

Tax Revenues

Nigeria Naira

Analysts: Printing currency could hurt economy

Analysts have expressed concerns over a recent claim that the federal government resorted to printing money to augment the monthly allocation to the three tiers of government, warning that it could heighten inflationary pressure with dire consequences for the country’s exchange rate and economy.
Washington – The United States on Monday reimposed curbs on an Israeli billionaire accused of corruption in the Democratic Republic of Congo (DRC), reversing a move by Donald Trump during his last days in office.

US cracks down on Israeli billionaire over DRC corruption, revoking Trump-granted licence

The United States on Monday reimposed curbs on an Israeli billionaire accused of corruption in the Democratic Republic of Congo (DRC), reversing a move by Donald Trump during his last days in office.
South African Finance Minister Tito Mboweni gestures as he delivers his budget speech at the parliament in Cape Town, South Africa, February 26, 2020. Reuters-Sumaya Hisham

South Africa’s economic rebound expected to trim budget deficits

South Africa’s consolidated fiscal deficit is expected to narrow this year because of an economic rebound, although the long-term trend of higher debt remains unchanged due to COVID-19 and pre-existing spending, a Reuters poll forecast on Friday.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Equities shed N464 billion as profit taking halts bull run

The equities market shed N463.7 billion last week as the bullish streak was halted by persistent profit taking. Following the unprecedented growth recorded in the month of November, many investors have been locking in profits. Despite the pockets of profit taking, the market had maintained a positive weekly performance.
Economic and Financial Crimes Commission - EFCC.

EFCC to join FIRS in fighting tax evasion

The Economic and Financial Crimes Commission (EFCC) says it is committed to fighting tax evasion because it is a financial crime that falls within its purview.
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: Tax revenues boost our economy despite pandemic

Tax revenues generated by the Federal Inland Revenue Service (FIRS) have kept the Nigerian economy going despite the ravages of the COVID-19, Executive Chairman, FIRS, Mr. Muhammad Nami, has disclosed.
Prince Albert II tested positive for COVID-19 last month, though he came out of quarantine on March 31. GETTY IMAGES NORTH AMERICA-AFP

Monaco’s royal house goes frugal as virus crisis bites

Monaco will reduce spending on the royal household by 40 percent to cope with the coronavirus fallout in the principality on the French Riviera, the palace said on Wednesday.

FIRS recovers N3.63bn from Illicit Financial Flows in one year

The Federal Inland Revenue Services (FIRS) said it recovered about N3.63 billion by curbing Illicit Financial Flows between January 2017 and August 2018 in the country.

President Buhari extends VAIDS deadline to June 30

President Muhammadu Buhari has approved the extension of the Voluntary Assets and Income Declaration Scheme to June 30.

Recent Stories

Stakeholders in the Coalition of United Political Parties, CUPP, Tuesday, unveiled a new agenda aimed at repositioning the organisation into purposeful, focused and result-oriented opposition body that would champion the cause of governance in Nigeria

De-registration: Supreme Court judgement binding only on NUP – CUPP

The Coalition of United Political Parties (CUPP) has insisted that the recent Supreme Court judgement affirming the de-registration of 74 political parties is only binding on the National Unity Party (NUP).
Charge d’Affaires of the Embassy of Israel in Nigeria, Mr Yotam Kreiman, who presented the equipment in Abuja, said the donation was timely, in view of ongoing efforts to contain the spread of the Coronavirus pandemic (COVID-19).

Ramadan: Israel donates food items to support Nigerian Muslim families

The Embassy of Israel in Nigeria on Monday donated some food items to support some Muslim families in the on-going Ramadan fasting in the country.
Babajide Olusola Sanwo-Olu (born June 25, 1965) is a Nigerian politician and the current Governor of Lagos State.

Lagos to demolish shanties, takeover abandoned buildings

Lagos State Governor, Mr Babajide Sanwo-Olu, on Monday said that the government would continue to demolish shanties across the state.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Police: 21 officers killed by gunmen in Akwa Ibom

The commissioner of police in the state, Amiengheme Andrew, disclosed this on Monday while briefing Governor Udom Emmanuel who visited the police headquarters in the state to condole with the families of the slain officers and the police over the loss.
Akwa Ibom State Governor Udom Emmanuel says it is unsafe to reopen schools in the state in view of the COVID-19 pandemic.

Akwa Ibom governor donates N60 million to families of slain policemen

Gov. Udom Emmanuel of Akwa Ibom has donated N60 million to families of slain policemen by unknown gunmen in the state.

Most Popular

The South-South Governors Forum on Thursday resolved to form a regional security outfit to check crimes and criminality in their region.

South-South governors urged to establish regional security outfit

The National Vice-Chairman of the Peoples Democratic Party (PDP), South-south, Chief Dan Orbih, has called on governors of the South-south geopolitical zone of the country to emulate the South-west and South-east by establishing a regional security outfit.
Jose Mourinho will not be rushing back into management, with the Portuguese claiming that a return to the dugout in 2021-22 may be premature as he continues to mull over his options.

Serie A: Jose Mourinho arrival in Rome marked with ‘Special One’ ice cream

Jose Mourinho’s appointment as AS Roma coach has been commemorated in true Italian style – with his own flavour of ice cream.

Enugu SME centre trains 350 youths on automobile painting, artwork

The Enugu State Small and Medium Enterprises (SME) Centre is currently training 350 youths on automobile panel beating, painting and artwork.
Governor Nyesom Wike of Rivers State has given a major reason the immediate past Nigerian security heads failed.

APC raps Rivers governor over ‘lopsided development policy’

The All Progressives Congress, APC, has accused Governor Nyesom Wike of implementing what it described as ‘lopsided development policy’ in Rivers State.
Asisat Oshoala scored her eight league goal in 12 appearances for FC Barcelona on Saturday against Granadilla Tenerife.

Asisat Oshoala suffers another injury blow

Asisat Oshoala has been ruled out of tonight’s cup tie against Sevilla after she suffered an ankle injury.