The Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, said the revenue agency has become more taxpayers-friendly with the ongoing transformation and innovation it has embarked upon. Adedeji stated this at the FIRS Special Day at the just concluded 2024 Lagos International Trade Fair (LITF) at the Tafawa Balewa Square, Lagos….
Zacch Adedeji, Chairman of the Federal Inland Revenue Service (FIRS), has stated that the four tax bills currently under consideration by the National Assembly pose no threat to the existence of any government agency or the jobs of individuals. Adedeji provided this reassurance on Wednesday in Abuja during a meeting with the chief executive officers…
Ngerian businesses faced a notable decline in October 2024, with the purchasing manager index (PMI) falling to 46.9, down from 49.8 in September. This information comes from the Stanbic IBTC Purchasing Managers’ Index (PMI) for October. The data highlights the challenges that many businesses in Nigeria are encountering due to escalating inflation, which reached 32.70…
Petroleum marketers have articulated their request for a N100 billion intervention from the Nigerian Government, aimed at preventing business collapses in the wake of rising Premium Motor Spirit prices. Oil marketers are currently awaiting a favorable response from the government regarding their appeal for this substantial intervention fund. In an exclusive interview with DAILY POST…
Nigeria Customs Service (NCS) has reported a revenue generation of N4.2 trillion in the first nine months of 2024. Bashir Adeniyi, the Comptroller General of NCS, made this announcement during a workshop in Lagos on Saturday. Adeniyi, who was represented by Dera Nnadi, the Comptroller of the Customs Area Controller at Tincan Island Port Command,…
The House of Representatives has frowned at the Executive, led by President Bola Tinubu, over delays in submitting the 2025 budget proposal to the National Assembly. The lower chamber added that the time the National Assembly required to exercise its functions as enshrined in Section 88(2)(b) was technically being taken away by the non-compliance with…
The Nigerian Naira is among the worst-performing currencies in sub-Sahara Africa at the end of August 2024. The World Bank disclosed this in its latest edition of Africa’s Pulse report. Report showed that the Naira is at par with the Ethiopian Birr, and South Sudanese Pound in terms of decline in the region. The report…
Petroleum marketers have indicated that President Bola Tinubu has taken the advice of Aliko Dangote, the President of Dangote Group, by fully removing the petrol subsidy. Billy Gillis-Harry, President of the Petroleum Products Retail Outlets Owners Association (PETROAN), shared this insight during an interview with journalists. His comments followed the recent increase in fuel prices…
The Apapa Port Command of the Nigeria Customs Service said it collected N1.6 trillion in revenue by the end of the third quarter of 2024, compared to the N1.172 trillion collected as total revenue for the year 2023. The Command’s spokesperson, Usman Abubakar, disclosed this in a statement on Monday. Commenting on the development, the…
More problems loom for Nigerians as Nigerian oil marketers have hinted that there may be a fresh Premium Motor Spirit (Petrol) price hike amid escalating tensions between Israel, Iran and other parties. The President of the Petroleum Products Retail Outlets Owners Association, PETROAN, Billy Gillis-Harry, disclosed this on Friday in an exclusive interview According to…
