Militancy in the Niger Delta contributed largely to Nigeria’s economic downturn, Vice President Yemi Osinbajo, said yesterday. According to him, the country has lost 60 per cent of its revenue and 40 per cent of its gas supply to vandalism […]
President Muhammadu Buhari, last week, almost lost his cool when it was brought to his attention that a whopping $16 billion of the nation’s crude oil revenue loss could be traced to some sharp practices by some individuals in Nigeria’s oil […]
…And yet another set of BIRS staff were beaten up in Adikpo. From protest march to Government House, it has now become a street affair. Something is obviously wrong. I supported and voted Samuel Ortom to become Governor. I don’t […]
The federal government has resolved to trace the whereabouts of the over N1.3trillion said to have been recovered from treasury looters by the Economic and Financial Crimes Commission (EFCC). Also to be investigated is the whereabouts of the N80billion and […]
Sokoto State Government, on Monday said it plans to generate N33 billion from internal revenue sources in 2016, up from the N25 billion target it set in the 2015 fiscal year. The Commissioner of Finance, Alhaji Sa’idu Umar, told newsmen […]
In an attempt to manage the downward slide of the Naira, the Central Bank of Nigeria (CBN) began to introduce many new foreign exchange policies from early 2015. Some of the policies introduced by the CBN since then, include significant […]
The House of Representatives Ad-hoc Committee, investigating alleged fraudulent practices in the collection and management of non-oil revenue remittances by MDAs, has threatened to issue a warrant of arrest on the Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim […]
ameed The directive of Hameed Ali (rtd), who is the Comptroller-General of the Nigeria Customs Service (NCS), that all officers of the service must make full disclosure of their assets is a welcome development. Really, I will admit that it […]
With concerns over 2016 deficit funding, the Federal Government is looking at raising over N1 trillion from plugging revenue loopholes as pressures mount against the revenue estimates in the 2016 budget. This will be coming in addition to plans to […]
Taxation is a means of generating revenue by government for the purpose of providing social services to the people. Taxation all over the world is a function of reciprocity. While the government owes it as a duty to empower the […]
Corruption in Nigeria is spread even among the professionals, who are seeing by their people, organization or institution as experts occupying big-big positions in either at the state or the federal level. Unknowingly, some of these experts obtained their documents […]
The time was somewhere around the late February of the year 2012, when the Chairman of the Federal Reserve, Ben Bernanke coined the term ‘fiscal cliff’, which are a set of laws that would come into effect, simultaneously increasing taxes […]
