archive2018

The Chairman, Federal Inland Revenue Service (FIRS), Tunde Fowler, said the Service recorded four million new taxpayers, including companies and individuals, resulting in N700 billion increase in revenue in 2017. Mr. Fowler said this at the 13th General Assembly of the West African Tax Administration Forum (WATAF) with the theme:...

  The Federal Executive Council (FEC) on Wednesday agreed to set up a committee to meet and review within two weeks the content of the proposal for the Continental Free Trade Agreement (CFTA) and report back to the Council. The Special Adviser to the President on Media and Publicity, Mr....

  FG handled abduction, release of school girls poorly – Charlyboy’s group   The Federal Government said a total of 106 abducted persons, comprising 104 Dapchi schoolgirls, one other girl and a boy were freed by insurgents in the early hours of Wednesday. Briefing journalists in Maiduguri, the Minister of...

Kingsley Moghalu, a former deputy governor of the CBN, has called for the scrapping of the Nigerian National Petroleum Corporation (NNPC). Mr. Moghalu stated this while delivering a lecture titled “Overcoming Poverty: The Secret of the Wealth of Nations” on Wednesday in Lagos at the 3rd Annual Lecture of the...

  The Nigerian Bar Association (NBA), Ikeja Branch, has said that it rejects the 50 per cent reduction of the levies under the recently reviewed Land Use charge, and has therefore threatened to go on another round of protest if nothing is done. The NBA Chairman, Mr Adeshina Ogunlana, revealed...

  The Minister of Finance, Mrs. Kemi Adeosun, on Wednesday, disclosed that the Federal Government has so far recovered about N9.12 billion through its whistleblowing policy introduced to reward informants. She gave a breakdown of the recoveries as N7.8 billion, $368 million, and £27,800. Adeosun disclosed these while briefing State...

  Investors on the Nigerian Stock Exchange (NSE) Tuesday recorded a loss of N57 billion as a result excess crave for profit taking. This made the market capitalisation which opened at N14.969 trillion, dipped by N57 billion or 0.38 per cent to close at N14.912 trillion while the All-Share Index...

President Muhammadu Buhari has approved negotiation for $15 billion loan for the completion of work on the Port Harcourt – Maiduguri rail project. This was disclosed by the Minister of Transportation, Rotimi Ameachi, after a closed door meeting with President Buhari at the Presidential Villa, Abuja. He also said that...

The Peoples Democratic Party (PDP) on Tuesday said a recent report issued by Amnesty International (AI) has vindicated its stance that the President Muhammadu Buhari-led presidency and the All Progressives Congress (APC) must be held responsible for the abduction that took place in Dapchi. Over 100 school girls were abducted...

Crude advanced to a three-week high as the OPEC-led alliance of major oil producers accelerated the timeline for curbing a worldwide supply glut. Futures in New York climbed as much as 2.4 percent on Tuesday. Global crude supplies will come into balance with demand by the end of September, sooner...