The Federal Inland Revenue Service (FIRS) has budgeted N5,550,000,000 for the purchase of vehicles and N1,350,000,000.00 to maintain vehicles and transport equipment. The revenue generating agency also plans to spend N11,070,000,000 on long-service awards this year. These are parts of the N356.95 billion total appropriation details approved for the agency this fiscal year. They are…
President Bola Tinubu has directed a creation of a single-digit tax system with a maximum of nine taxes for a company or an individual. The Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, disclosed this in Abuja while speaking with the management team of Guinness Nigeria who paid him a visit. A…
The National Working Committee of the ruling All Progressives Congress has set up a nine-man committee to oversee the primary election for Ondo governorship aspirants. This was disclosed in a statement issued in Abuja on Tuesday by the party’s National Publicity Secretary, Felix Morka. The development comes barely a day after 15 members of the…
The Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso says it is not in the purview of the apex bank to regulate or prosecute actors in the cryptocurrency sector. Cardoso clarified this at a news conference on Tuesday after the monetary policy committee’s (MPC) 294th meeting in Abuja. On February 29, Bayo Onanuga,…
The Central Bank of Nigeria (CBN) says law enforcement agencies are investigating $2.4 billion unverified foreign exchange claims.Governor of the CBN Olayemi Cardoso disclosed this while speaking during a press conference on Tuesday after the 294th meeting of the monetary policy committee (MPC) in Abuja.On February 5, the CBN governor said he inherited a $7…
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest rates, from 22.75 percent to 24.75 percent. Olayemi Cardoso, CBN’s governor, announced the rate adjustment at a news conference on Tuesday during the committee’s 294th meeting in Abuja. The MPR is the baseline interest…
The Office of the National Security Adviser, ONSA, has called on the public and the international community to provide information that can assist law enforcement agencies in apprehending the Executive Manager of Binance for the African region, Mr Nadeem Anjarwalla, who escaped from detention. Head of Strategic Communication, ONSA, Mr Zakari Mijinyawa, who made the…
The National Hajj Commission of Nigeria, NAHCON has adjusted the cost of Hajj to reflect the current realities of foreign exchange rate, even as the Federal Government’s intervention gave a slight boost to intending pilgrims who had completed the initial deposit of N4.9million Consequently, the commission has requested intending pilgrims to make additional payment of…
The Tertiary Education Trust Fund, TETFund, said yesterday it has so far spent over N23 billion to fund 912 research projects across the country. TETFund’s Assistant Director, Research and Development, R&D, Dr. Hadiza Ismail, disclosed this at a validation workshop on “Strengthening Research and Innovation Funding Agencies in West Africa,” in Abuja yesterday. Ismail, who…
A middle-aged father,Kenneth Nwangwu has been sentenced to ten years in prison by the Children, Sexual, and Gender-based Violence Court at High Court Awka for defling his biological 9-year-old daughter, his only child. According to reports, the judgment was issued in a three-count accusation brought against the defendant by the state government following convincing evidence…
