The Nigeria Customs Service (NCS) has said it will create bonded vehicle parks and terminals nationwide and licence major dealers to operate same and facilitate the creation of more jobs for the automobile industry.
According to them, “Customs is going to grant licences to genuine car dealers… Read more
The report of the Senate Committee on Public Accounts on the status of compliance of parastatals on submission of audited accounts to the OAUGF obtained yesterday has revealed that no fewer than 315 Federal agencies including the Nigerian Ports Authority (NPA), Nigeria Deposit Insurance Corporation (NDIC) have failed… Read more
Lagos and Ogun states were the top Internally Generated Revenue earning states - National Bureau of Statistics
According to the National Bureau of Statistics's Internally Generated Revenue (IGR) report released by the NBS on Wednesday, Lagos State recorded the highest Internally Generated Revenue figure of N150.59 billion in first half 2016, followed by Ogun State with N28.15 billion.
Nasarawa State, however, generated the lowest revenue… Read more
To stop the high incidence of unremitted operating surpluses that stood at N450bn as of last year, the Federal Government has barred its Ministries, Departments and Agencies from spending Internally Generated Revenues that are not appropriated in their annual budgets.
Also, declaring deficits will no longer provide an… Read more
Members of the organised private sector (OPS) on Monday gave a list of 12 demands, tagged “priority areas”, to the federal government on how to improve the economic fortunes of the country.
The demands include reviewing the FX ban on 41 imported items introduced by the CBN in… Read more
The Lawyer cum Pastor, Tunde Bakere, who is the General Overseer of the Latter Rain Ministres has opined that the pastors against the Financial Reporting Council of Nigeria's (FRCN) Code of Corporate Governance are thieves.
He said, "I can testify that the law was explained to kingpins in… Read more
The market indices of the Nigerian Stock Exchange (NSE) on Monday appreciated by marginal growth of 0.03 per cent due to cautious trading. This is coming just as investors await the outcome of the 2017 maiden edition of the Monetary Policy Committee (MPC) meeting.
The News Agency of… Read more
The Chairman Joint Tax Board, JTB, Mr. Tunde Fowler, who is also the Executive Chairman, Federal Inland Revenue Service (FIRS) has revealed that 3, 414, 496 million new taxpayers have been added to the national tax register under six months.
This brings the total number of individual taxpayers… Read more
The Federal Executive Council (FEC) has approved a new National Tax Policy for the country. The policy is expected to guide the operation and review of the nation’s tax system and provide the basis for future tax legislation and administration.
The council has also set up an inter ministerial… Read more
The attention of Nigeria Employers’ Consultative Association (NECA) has been drawn to the news making the rounds that the Federal Inland Revenue Service planned to turn its focus on the enforcement of stamp duties.
Despite calls by NECA and other well meaning Nigerians, the Central Bank of Nigeria… Read more