Economy
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FG, North kick as Lagos, Rivers begin collection of VAT
The governments of Lagos and Rivers states have expressed their readiness to begin the collection of Value Added Tax (VAT)…
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PENCOM develops automated online application for annual pre-retirement verification, enrolment exercise
The National Pension Commission (PenCom) has developed an online application which automates the Annual Pre-Retirement Verification and Enrolment Exercise for…
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Naira crashes to an all-time low of N527 to dollar at parallel market
The naira, on Monday, weakened to new low of N527 to dollar in the parallel market. The local currency position…
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Why FG can’t stop borrowing from other countries – Finance Minister Ahmed
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has revealed why the Federal Government will continue to…
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Latest: CBN drafts guidelines to Nigerian banks on e-Naira
The CBN recently sent a presentation to Nigerian banks about the eNaira project, revealing more details about its design and…
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Abdication of duty: ‘Query’ customers’ sources of income, EFCC urges banks
The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has urged banks in the country to investigate…
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New revenue sharing formula to be announced before end of 2021 – RMAFC
The Chairman, Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Mr. Elias Mbam, Tuesday said that the commission had commenced the…
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Nigeria to receive $3bn as IMF’s $650bn SDR comes into effect
Nigeria will receive $3.35 billion as its share of the International Monetary Fund (IMF) $650 billion special drawing rights (SDRs)…
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N4.973trn ‘suspicious’ balances in MDAs uncovered by Federal Auditor-General
Federal Ministries, Departments and Agencies (MDAs) maintained N4.973 trillion unsubstantiated balances in their accounting records in 2019, it was learnt…
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FG to borrow N4.89tn to finance 2022 budget – Finance Minister
The Federal Government plans to borrow about N4.89tn from internal and external sources to finance the deficit in its proposed…
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