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Economy
Nigeria: Wike Inaugurates Four-Man Rivers Tax Appeal Commission
By Joseph Edegbo
River State Governor, Nyeson Wike has charged members of the State's Tax Appeal Commission to enshrine a new culture in which taxable persons and entities comply with the relevant tax laws in the State without…
Wike Interfaces With Corporate Bodies As VAT Law Takes Effect
By Joseph Edegbo
Governor of Rivers State, Nyesom Ezenwo Wike says that with the infraction of the constitutional provision on collection of Valued Added Tax (VAT) addressed, his administration has commenced full implementation of the…
CBN Not Defaulting In Remitting Operational Surpluses – Obiora Tells Senate
By Joseph Edegbo :
Central Bank of Nigeria, CBN says it has been remitting 80 percent of its operational surpluses
into the Consolidated Revenue Fund, CRF in the last five years.
The Deputy Governor of CBN in-charge of Economic…
Nigeria: Anambra State Classified As Oil Producing State, To Benefit From 13% Derivation Fund
By Iliya Kure
Anambra State, southeast Nigeria will soon benefit from the 13% Derivation fund following Federal Government’s approval and its classification as Oil Producing State.
The Revenue Mobilisation Allocation and Fiscal…
Nigeria Among Developing Countries With High Debt Risk Exposure – World Bank
The World Bank says Nigeria is ranked fifth single borrowing country with the highest debt risk exposure across the globe.
This is contained in the fiscal year 2021 (FY21) financial statement for International Development Association…
Nigerian Court Okays Rivers State Government, Stops FIRS From Collecting VAT, Related Taxes In The…
By Nanji Nandang
A Federal High Court sitting in Port Harcourt, south-south, Nigeria, has granted the reliefs sought by Rivers State Government to restrain the Federal Inland Revenue Services (FIRS) from collecting Valued Added Tax (VAT)…
Nigeria Loses $274.2m on External Loans, Senate Calls for Sanction of Culpable Officials
By Our Reporter
Office of the Accountant General of the Federation is reported to have made Nigeria to lose a difference of $274.2million (N54.1billion) on external loans by the federal government.
The revelation is contained in the…
Thousands of South African Jobs at Risk as Government Consolidates Relief Proposals
Acting Minister in the Presidency, Khumbudzo Ntshavheni, says an estimated 150,000 jobs are at risk in the aftermath of looting and destruction of property that swept through KwaZulu-Natal and Gauteng.
In a briefing on efforts to recover…
