Sunday, September 20, 2020
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Tag "Revenue"

CBN asks banks to take over electricity bills collection from DisCos

    CBN asks banks to take over electricity bills collection from DisCos

The Central Bank of Nigeria (CBN) has asked banks to take responsibility for collecting electricity bill payments. In a circular dated August 21, Bello Hassan, CBN’s director of banking supervision,

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FAAC allocation increases by N104bn as revenue rises in June

    FAAC allocation increases by N104bn as revenue rises in June

The federation accounts allocation committee (FAAC) shared N651.18 billion to the three tiers of government for the month of June. This is an increase of N104 billion when compared to

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FIRS extends penalty waiver on tax debt repayment

    FIRS extends penalty waiver on tax debt repayment

The Federal Inland Revenue Service (FIRS) has extended the deadline of the waiver of penalty and interests to be paid on tax debts owned by individuals and businesses. In a

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SGF: Stamp duty collection can generate N1trn revenue annually

    SGF: Stamp duty collection can generate N1trn revenue annually

Boss Mustapha, secretary to the government of the federation (SGF), says there is potential for high revenue accretion from stamp duty collection such that it would only be second to

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Federation allocation drops to N547bn — lowest in 2020

  Federation allocation drops to N547bn — lowest in 2020

The federation accounts allocation committee (FAAC) on Wednesday shared N547.309 billion to the three tiers of government for May. This

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Buhari: Coronavirus is affecting our oil revenue

  Buhari: Coronavirus is affecting our oil revenue

President Muhammadu Buhari says the outbreak of coronavirus is affecting the country’s source of revenue. A statement by Garba Shehu,

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FG to publish details of federal, state debts

  FG to publish details of federal, state debts

The federal government says it is working to create a database of all the loans and debts held at national

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Hameed Ali: Customs raking in N5.8bn daily since border closure

  Hameed Ali: Customs raking in N5.8bn daily since border closure

Hameed Ali, comptroller general of the Nigeria Customs Service, says the agency has been generating an average revenue between N4.7bn

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Zainab Ahmed: FEC approved increase in VAT to 7.5% — NOT 7.2%

  Zainab Ahmed: FEC approved increase in VAT to 7.5% — NOT 7.2%

Zainab Ahmed, minister of finance, budget and national planning, says the federal executive council (FEC) approved an increase in value

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FIRS: 23,141 tax defaulters owing N254 billion

  FIRS: 23,141 tax defaulters owing N254 billion

The Federal Inland Revenue Service (FIRS) says a total of 23,141 defaulters owe N254 billion in tax liabilities. Babatunde Fowler,

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