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The Chairman, Alliance for Survival of COVID-19 and Beyond, Mr. Femi Falana (SAN), has faulted the claims made by the Minister of Finance, Budget and National Planning, Zainab Ahmed, that Nigeria’s revenue dropped by 65 per cent.
Despite the national and global economic upheaval caused by the COVID-19 pandemic, the Federal Inland Revenue Service (FIRS) has said the non-oil tax receipts have consistently contributed 75-90 per cent of total tax revenue in recent months due strategic reforms.
The Federal Inland Revenue Service (FIRS) says it has recorded significant increase in collectable tax revenue from the non-oil sector of the economy.
The Federal Government is seeking the partnership of the banking sector in its efforts to revamp the ailing economy occasioned by the outbreak of the coronavirus pandemic.
President Muhammadu Buhari on Tuesday held a virtual meeting with members of the Presidential Economic Advisory Council (PEAC).
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said when Dangote Refinery kicks off next year, it may not significantly reduce the price of petrol because the refinery will be selling at the international price.
President Muhammadu Buhari on Friday approved a meeting between the Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed, the Minister of Labour and Employment, Senator Chris Ngige and the organized labour.
Nigeria may lose over $600 million to capital flight in favour of China in addition to hurting the local content pursuit with the recent presidential approval to defer for one year, the 35 per cent import taxes on three million pre-paid electricity meters, which are to be imported into the country, the meter manufacturers in the country have warned.
The Federal Executive Council on Wednesday approved N13bn for the automation of safety equipment at Lagos, Kano, Abuja and Port Harcourt international airports.
The Federal Executive Council, FEC, on Wednesday ratified the $3.1 billion anticipatory approval by President Muhammadu Buhari for the modernization of the Nigerian Customs Service, NCS.
President Muhammadu Buhari is currently presiding over his 14th virtual Federal Executive Council (FEC) meeting at the Presidential Villa Abuja.
President Muhammadu Buhari is currently presiding over the 14th virtual meeting of the Federal Executive Council (FEC) at the Council Chambers of the Presidential Villa, Abuja.
The Federal Government has congratulated Dr Akinwumi Adesina, President of African Development Bank (AfDB) Group on his re-election as the eighth president of the bank for a second term.
An Electricity expert, Mr Mohammed Idris on Monday commended President Muhammadu Buhari for granting a one-year waiver on import levy on prepaid electricity meters.
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Muhammadu Buhari over failure to “disclose information and documents relating to the names of people from whom N800 billion in looted public funds have been recovered, specific dates of the recovery, and details of projects on which the money has been spent.”
The Federal Government has expressed its determination to continue funding the 2020 budget to ensure that the economy recovers as projected, even as the country’s Gross Domestic Product (GDP) contracted by -6.10 percent in the second quarter of 2020.
This came as the Federal Government, yesterday, said despite the N2.3 trillion Economic Stimulus Plan put in place to contain impact of the Coronavirus (COVID-19) pandemic on the economy, there is the possibility that the third quarter, 2020 (Q3’20) Gross Domestic Product, GDP, growth rate will be negative, while the economy will relapse into a recession.
President Muhmmadu Buhari on Wednesday swore-in 12 Permanent Secretaries at the Council Chambers, Presidential Villa, Abuja.
Preliminary data from analytics platform Sensor Tower showed Chinese-based WeChat had 10,000 installs in the US Friday, a 150 percent increase from Thursday and a 233 percent week-over-week increase. That’s the largest number of WeChat installs in the US in one day since October 7th, 2019.
The Minister of State, Labour and Employment, Festus Keyamo, has disbursed N24 million to 2,400 small scale entrepreneurs in Sokoto State.
Governor Ifeanyi Ugwuanyi of Enugu State has agreed to lead “Ebeano political dynasty” just as he reiterated his commitment to continue his people-oriented policies and programmes, saying that the development of infrastructure and human capacity in the state remains his priority.
The Lagos State Government has sealed three illegal container terminals and two buildings in Amuwo-Odofin area and additional 17 buildings in Oniru Estate, Lekki, due to construction infractions.
The Federal Road Safety Corps (FRSC) in Ebonyi has confirmed the retrieval of 14 corpses from the Akeze-Ukwu river after a Mercedes Benz 608 model bus plunged into it on Friday evening.
Inter Miami have confirmed the signing of Gonzalo Higuain as the club's third Designated Player.
After years of internal squabbles, the people of Awba Ofemili in Awka North local government area have united to enable the fight for their land allegedly being claimed by their neighbouring Ibite Olo in Ezeagu local government area of Enugu State.
Jadon Sancho is set to show what Manchester United have so far missed out on when he spearheads Borussia Dortmund’s challenge as the new Bundesliga season starts this weekend.
Ghana's 1965 Africa Cup of Nations (Afcon) winner Osei Kofi has urged veteran Black Stars striker Asamoah Gyan to bow out of international football amid talks about his present importance to the national team.
He said, “The general public, especially the print and electronic media, should disregard the online ‘fake news’ claiming that there was an explosion in Kanji Dam.”