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The Chairman, Revenue Mobilisation Allocation and Fiscal Commission, Muhammad Shehu, says Nigerians must endeavour to pay their taxes to boost government revenue and improve service delivery. This is as the RMAFC boss noted that less than 40 million Nigerians are presently captured in the tax net and paying taxes. “That is too low for a country that has more than 200 million populations,” he said. Shehu, in an interview with […]
Spokesperson to the Osun State Governor, Olawale Rasheed on Sunday confirmed that Governor Ademola Adeleke and some of his aides recently narrowly escaped an aircraft crash. Rasheed alleged that the engine of an aircraft carrying the governor might have been tampered with. It was reported in a national daily that an aircraft carrying Adeleke and some of its aides nearly crashed on September 5, while attempting to take off from […]
Tragedy stuck in Okanla community in Irepodun Local Government Area of Osun State on Sunday as some men bearing arms stormed the palace of Olokanla of Okanla, killed an admission seeker, Ibrahim Qudus, before setting the building ablaze.
The National Assembly has hinted on plans to expedite the screening of nominees for the positions of the Governor of the Central Bank of Nigeria as well as the deputies. The parliament said this would be done along with a list of two ministerial nominees of President Bola TInubu. The president had on Friday nominated Yemi Cardoso to as the new CBN governor. Cardoso was Lagos State’s Commissioner for Budget […]
Abiodun in the Ifo Local Government Area of Ogun State, collapsed and killed their two daughters on Saturday.The incident, it was gathered, occurred due to a mudslide following a downpour.The 16-year-old Suliyat and her 25-year-old elder sister, Nofisat, were trapped in the collapsed building
The judgment of the Presidential Elections Petitions Tribunal where President Bola Tinubu was reaffirmed as the winner of the contentious February 25 presidential poll may have come and gone, but the memory and impact of the verdict would continue to linger. Tinubu of the All Progressives Congress had scored a total of 8.7 million votes to defeat the presidential candidate of the Peoples Democratic Party, Atiku Abubakar, and his Labour […]
The Nigerian Customs Service, on Sunday, said only two banks were deactivated recently by the NCS over their failure to remit duties collected. It also stated that the erring banks had been reported to the stipulated financial authorities, including the Central Bank of Nigeria, adding that discussions by all the parties were ongoing currently.
The 36 states of the federation received about N1.51tn, or 34.5 per cent of the total N4.37tn shared by the three tiers of the government between January and June 2023, the Nigeria Extractive Industries Transparency Initiative, said on Sunday. It disclosed this in its second quarter ‘2023 Federation Account Statutory Revenue Allocations Report’ released in Abuja. The report showed the states received about N817.79bn from the N2.32tn total distributable allocation […]
At least four banks recorded N478bn non-performing loans during the first half of this year, according to their financial results Specifically, Guaranty Trust Bank Holding Plc (GTCO), FBN Holdings Plc and two other banks reported N478.93bn non-performing loans by value in the half-year ended June 2023, an increase of nearly 16 per cent from N413.36bn reported in the full year ended December 31, 2022. The other two banks are FCMB […]
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