The National Bureau of Statistics’ (NBS) on Tuesday disclosed that Nigeria recorded an increase of N15.86 billion Value Added Tax (VAT) revenue from N496.39 billion generated in quarter one (Q1, 2021) to N512.25 billion in Q2. NBS in its “Sectoral…
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said that Nigeria can only reduce poverty if the country train and empower the women. She stated this when the Director-General of the National Centre for Women Development,…
Director-General, Lagos Chamber of Commerce and Industry (LCCI), Dr Chinyere Almona has charged the Federal Government to value and utilise its assets to generate more revenue for the country and increase foreign exchange inflows. Almona in a statement said the…
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says promoting digital transformation in the nation’s oil and gas industry will boost profitability and efficiency. Sylva stated this while delivering the graduation lecture at the National Defence College Course…
The Federal Executive Council has approved the sum of $11.17bn for a Coastal rail project that is expected to link all of Nigeria’s coastal cities in six years. Minister of Information and Culture, Lai Mohammed, disclosed this while briefing State…
The Accountant General of the Federation, Ahmed Idris fcna fcti, has solicited active involvement of the Chartered Institute of Taxation of Nigeria (CITN) in finding solutions to the revenue challenges the country is facing presently. He made the call while…
…Agency Provides Clarification on CVFF Disbursement, NSDP, others All is set for the flag-off of an intensive wreck removal exercise in Nigerian waters by the Nigerian Maritime Administration and Safety Agency (NIMASA). The Agency’s Director-General, Dr Bashir Jamoh, disclosed this…
Dangote Sugar Refinery Plc has announced that it plans to spend $1bn on expansion after the Central Bank of Nigeria made the firm one of the three sole importers of the sweetener into the country. Bloomberg reported that the company’s…
The Financial Derivatives Company Limited has described the documentation process required by banks for the sale of foreign exchange as cumbersome, saying this will pose a challenge to the public. The CBN Governor, Mr Godwin Emefiele, had last week, at…
The Senate has asked the Bureau of Public Enterprises to refund N8.7bn to the Consolidated Revenue Fund based on an audit query issued by the Office of Auditor General of the Federation. The Committee on Public Accounts of the Senate…
