By Nana Musa The Federal Capital Territory Internal Revenue Service (FCT-IRS) has concluded plans to establish service kiosks in plazas and markets in Federal Capital City and the six area councils. Mr Michael Ango, acting Executive Chairman, FCT-IRS, disclosed this in Abuja on Thursday, during the service’s annual sensitisation campaign toContinue Reading
By Nana Musa The Federal Capital Territory Internal Revenue Service (FCT-IRS) has collected N262 billion Internally Generated Revenue (IGR) in 2024. Mr Michael Ango, acting Executive Chairman, FCT-IRS also said that the service had so far collected N43.8 billion in January. Ango disclosed this on Thursday, during the service’s annual sensitisationContinue Reading
By Vivian Emoni The Chairman of Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Dr Mohammed Shehu, has called for sustainable revenue generation to address dwindling allocations. Shehu also called for effective collaboration among relevant stakeholders for innovative revenue strategies to meet public service demands at all levels of government. He madeContinue Reading
By Angela Atabo The Federal Mortgage Bank of Nigeria (FMBN), says the National Housing Fund (NHF) collection has increased to N103 billion in 2024. Shehu Osidi, the Managing Director and Chief Executive of the bank, stated this at a news conference on Wednesday in Abuja. He said the bank achievedContinue Reading
By Martha Agas A customs and tax expert, Mr Okey Ibeke, says the duties of the Nigeria Customs Service (NCS) is not only limited to revenue collection but involves highly technical operations. Ibeke stated this on Thursday in Abuja, following a public hearing on tax reform bills organised by theContinue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says the Nigeria Gas Flare Commercialisation Programme (NGFCP) has the potential to unlock 2.5 billion dollars investment in oil and gas sector. The commission is also set to hold its first Nigeria Upstream Oil and Gas Decarbonisation Forum in March,Continue Reading
By Taiye Olayemi The National Insurance Commission (NAICOM) has stated that insurance companies are now required to cover the costs of every case it resolves. This decision was made at the Insurers’ Committee Meeting held in Lagos on Wednesday. Mrs Ebelechukwu Nwachukwu, Head of the Communication andContinue Reading
By Lucy Ogalue The Federal Government has inaugurated the governing council of the Chartered Institute of Project Managers of Nigeria (CIPMN), urging the body to play a more active role in supporting industrial growth. The Minister of State for Industry, Sen. John Enoh, inaugurated the council on Tuesday in Abuja.Continue Reading
By Emmanuella Anokam The Federal Government says the introduction of the sale of crude oil in Naira is a strategic move to enhance operational efficiency of local refineries by reducing foreign exchange risks and transaction costs. President Bola Tinubu made this known on Tuesday, while officially declaring the eight editionContinue Reading
By Naomi Sharang The Chairman of the Senate Committee on Finance, Sen. Sani Musa, has assured that the Senate would produce legislation from the tax reform bills aimed at making Nigeria’s economy a trillion-dollar base. He added that President Bola Tinubu had tasked the National Assembly with this goal andContinue Reading
