Value Added Tax
Senate asks federal government to expedite actions on completion of Ajaokuta steel plant
The Senate Tuesday asked the Federal Government to as a matter of urgency, expedite action towards the completion of the Ajaokuta steel plant.
Kogi governor speaks on May salary payment for workers
Governor Yahaya Bello of Kogi State has assured workers that they will get their May salary before the Eid-el Fitri celebration.
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.
MultiChoice: We’re implementing new VAT rate, not raising prices
Pay television company, Multichoice Nigeria, has dismissed reports that it is set to increase subscription rates for its DStv and GOtv packages from June 1.
Saudi Arabia increases VAT by 200%
Saudi Arabia will increase its value-added tax (VAT) from five to 15 per cent in July, as part of moves to support the economy amid the novel Coronavirus pandemic, the Finance Ministry said on Monday.
Lagos chamber educates private sector on post coronavirus economy
The Lagos Chamber of Commerce and Industry (LCCI) has advised organised private sector to leverage creativity and innovation to rebuild a competitive economy post-COVID-19.
PDP reacts to President Buhari’s appointment as ECOWAS coronavirus response champion
The Peoples Democratic Party (PDP) has advised President Muhammadu Buhari to use his appointment as the ECOWAS COVID-19 Response Champion to step up actions and measures against spread of the pandemic in Nigeria.
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.
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.
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.
Dana Air to keep middle seats empty upon resumption of flights
Dana Air says it will keep the middle seats in all its aircraft empty upon resumption of flights, in line with the social distancing guideline on COVID-19.
Nigeria cuts down 2020 budget by N317.5 billion
To reflect the present harsh economic realities occasioned by the coronavirus pandemic, the Federal Government has adjusted the 2020 budget, slashing the figures by N317.5 billion.
Bayelsa laments drop in oil revenue
Bayelsa State Government has expressed concern over the decline in revenue from the Federation Account arising from the global COVID-19 crisis, saying the economy of states in the country would soon be grounded.
PDP wants pump price fix for N90 per litre
The Peoples Democratic Party (PDP) has called on President Muhammadu Buhari to immediately reduce Petroleum pump price from it current N125 to a maximum of N90 per litre as a measure to cushion the economic burden on Nigerians.
36 states, FCT generate N2.57 trillion net revenue in 2018
Fiscal Responsibility Commission (FRC) has put the total net revenue of the 36 states and Federal Capital Territory (FCT) at N2.57 trillion excluding the Internally Generated Revenue (IGR).
Pope Francis blames tax dodgers for Italy’s coronavirus woes
Pope Francis has backed a prominent journalist’s complaint that tax dodgers were partly to blame as Italy’s health facilities struggle to cope with the coronavirus crisis.
Lagos council presents N2.1 billion budget proposal
Mr Samson Olatunde, the Chairman of Olorunda Local Council Development Area (LCDA) Iworo, Badagry, Lagos State, on Tuesday presented the 2020 budget estimate of N2.1 billion to the council’s legislative arm.
FEC approves N29.4 billion for 9th Mile, Enugu-Onitsha Expressway
The Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari has approved a N29.4 billion contract to be awarded for rehabilitation of the “tricky, steep and dangerous” 15-kilometre 9th Mile section of the Enugu-Onitsha Expressway.
Recent Stories
Cameroon military acknowledges soldiers arrested in Togo
Cameroon’s military says three of five men recently arrested by Togolese police and portrayed by Togolese media as notorious criminals who committed serious offenses against Togolese citizens are Cameroonian soldiers, while the other two are former convicts. The three military men stole weapons from the military headquarters in Yaoundé and went to Togo’s capital, Lomé, where they used the weapons to harass Togolese, according to Togolese police.
Israeli defense minister apologizes over Palestinian’s death
Israeli Defense Minister Benny Gantz apologized on Sunday for Israeli police’s shooting to death an unarmed, autistic Palestinian man in East Jerusalem on Saturday.
Lagos set to reopen economy
The Lagos State Government would soon embark on the ‘Register-to-Open Initiative’ toward the gradual reopening of the economy in the state.
Senator Ajimobi’s ex-aide defects to PDP
The candidate of the All Progressive Congress (APC) for the Ibadan Southeast/Northeast Federal House of Representatives in Oyo state during the 2019 general election, Mr Deji Aboderin, has defected to the ruling People’s Democratic Party.
RRS arrests man over nude photos of Salawa Abeni
The operatives of Rapid Response Squad (RRS) has arrested a 19-year-old National Diploma holder of Yaba College of Technology, Lagos as the brain behind the blackmail of Queen Salawa Abeni with nude photographs.
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Tanzania issues tough rules with league set to resume
The top-flight, which was halted in mid-March owing to the coronavirus pandemic, has been allowed to resume by President John Pombe Magufuli and already teams have started group training sessions ahead of the restart.
Parents urge Lagos not to reopen schools now
Some parents in Lagos State have kicked against reopening of schools in view of the continued spread of the novel Coronavirus (COVID-19).
Minister tasks newly inaugurated NPA Board on trade facilitation
The Minister of Transportation, Rotimi Amaechi, has tasked the newly inaugurated Board members of the Nigerian Ports Authority (NPA) on trade facilitation and sea port management in the country.
Police uncover eight illegal routes into Kwara
Kwara State Commissioner of Police Mr Kayode Egbetokun yesterday said the command has uncovered and closed eight illegal routes created by transporters smuggling passengers into the state against COVID-19 restriction of interest state travels .
Microsoft is replacing newsroom journalists with machines
Media reports in Seattle, where the company is based, say around 50 news producers in both the US and Britain will not have their contracts renewed.