VAT Tax

VAT now 7.5 percent as Buhari signs Finance Bill into law

Nigerians will now start paying 7.5 percent as Value Added Tax (VAT) after its increase was captured in the newly approved 2019 finance law. President Muhammadu Buhari on Monday...
AGF Anthony Ayine

Funds Missing – Water ministry can’t account for N344m

Funds by the Ministry of Water Resources during the 2017 financial year totalling N343.95m were not presented for audit. The revelation is contained in the audit report of the...
onyema

EFCC grills Air Peace boss Onyema

As part of the ongoing probe of alleged $44.9 million wire deals, the Economic and Financial Crimes Commission (EFCC) has interrogated the Chief Executive Officer of Air Peace, Mr. Allen Ifechukwu Onyema.
Nigerias-national-assembly

Reps probe NIMASA, transport ministry over alleged N71bn scam

The House of Representatives on Thursday mandated its relevant committees to probe the $195.5 million (about N 71 billion) contract allegedly awarded by the Ministry of Transportation to an Israeli security outfit...
Governor Aminu Tambuwal minimum wage

We’ll meet labour’s December deadline on N30,000 wage — Governors

Nigerian governors have given assurance that they would meet the December 31 deadline given by the organised labour for the implementation of the N30,000 minimum wage to workers. The...

We’ll build a viable, prosperous state through SMEs: Kwara Governor

Kwara State Governor AbdulRahman AbdulRazaq, at the weekend, said his administration’s upcoming social investment programme has been designed to fund small businesses, artisans, and lift many people out of poverty.
Mrs. Zainab Ahmed

Another Loan – FG secures $3bn World Bank loan for power sector

Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, says the Federal Government has secured a $3bn loan from the World Bank. According to the Finance Minister, the...
Mrs. Zainab Ahmed

FG will not meet 2019 revenue target — Zainab Ahmed

Mrs. Zainab Ahmed, the Minister of Finance, Budget and National Planning, says the nation will not be able to reach 80 per cent revenue performance for 2019. She said...
Mrs. Uwais

Cash Transfers: FG alarmed over extortion of beneficiaries

The Federal Government has raised concerns over reports that some beneficiaries of its N5,000 monthly stipends under the Conditional Cash Transfer scheme are being shortchanged. The Senior Adviser to...

Osinbajo on cutting-edge AI apps

Vice-President Yemi Osinbajo says Nigeria needs an institution that will produce cutting edge Artificial Intelligence (AI) applications for education, business, medicine, security among others.  Osinbajo expressed this view in...

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