BREAKING: FG announces suspension of taxes on importation of food commodities The federal government has announced that certain essential food commodities imported via land and sea borders will no longer incur charges, levies, or taxes. This declaration was made by the Minister of Agriculture and Food Security, Abubakar Kyari,[Read More…]
FG to put into record order exempting SMEs, manufacturers from paying withholding tax, Oyedele reveals Chairman of the presidential committee on fiscal policy and tax reforms, Taiwo Oyedele, has said the newly approved withholding tax regulation will be published in the official gazette in the coming days. Withholding[Read More…]
FG to unveil new revenue collection, disbursement platform for MDAs The Federal Government, led by Finance Minister Wale Edun, minister of finance and coordinating minister of the economy, has held a high-level meeting in Abuja to discuss the rollout of a unified revenue collection and disbursement system for MDAs[Read More…]
FG to implement central revenue system for financial transparency The federal government on Monday said it will implement a central revenue system to boost financial transparency and accountability. Mohammed Manga, director of information and public relations at the ministry of finance, made this known in a statement. Manga said the[Read More…]
FG cracks down on electricity theft: sets up tribunal for prosecution The federal government has said that it is working on establishing an electricity offences tribunal to combat electricity theft in the country. Aliyu Tahir, managing director of the Nigerian Electricity Management Services Agency, spoke at a press[Read More…]
FG says UAE will soon lift visa ban on Nigerians Festus Keyamo, minister of aviation and aerospace development, says the United Arab Emirates (UAE) will soon lift the visa restriction on Nigerian travellers. Keyamo stated this on Saturday during an interview with the State House media. He said the country[Read More…]
FG declares Monday, Tuesday public holidays to mark muslim Eid-ul-Adha The Federal Government has announced Monday 17th and Tuesday 18th as public holidays to mark this year’s Muslim Eid-ul-Adha celebration. The announcement was made by the Permanent Secretary in the Ministry of Interior, Dr Aishetu Gogo Ndayako. In a statement[Read More…]
NBS: FG generated N984bn from company income tax in Q1 2024 — down by 12.87% from Q4 2023 The National Bureau of Statistics (NBS) says the federal government collected a total of N984 billion as company income tax (CIT) in the first quarter (Q1) of 2024. The (NBS) disclosed this[Read More…]
FG declares Wednesday public holiday to mark Democracy Day The federal government has declared Wednesday, June 12, as a public holiday in commemoration of Democracy Day. Permanent secretary in the ministry of interior, Aishetu Ndayako, made the announcement in a statement on Tuesday. Olubunmi Tunji-Ojo, minister of interior,[Read More…]
FG increases minimum wage to N62,000 against N250,000 demanded by Labour The Federal Government and the organised private sector have increased their offer for the new minimum wage to N62,000 from the earlier N60,000. However, the organised labour is proposing N250,000 which is a shift from its earlier[Read More…]
