NEWS

The Office of the Auditor General of the Federation has disclosed that 15 Ministries, Departments, and Agencies failed to remit N127.13bn revenue to the Consolidated Revenue Fund between 2017 and 2019. The OAuGF made this known in its 2019 Annual Report on Non-Compliance, Internal Control, and Weakness Issues in MDAs of the Federal Government of Nigeria for the year ended December 31, 2019, which was submitted to the National Assembly. […]

The Ogun State Governor, Dapo Abiodun, says his administration is committed to making Ogun an oil producing state in the country. Abiodun said this while delivering a convocation lecture at the 2nd and 3rd convocation programmes of the Mountain Top University, with the topic, “Quest for excellence: The Nexus of faith, knowledge and resilience.”. The governor said he was privileges to work as the chairman of the Olokola Free Trade […]

Experts in the telecommunication industry have said the move by the Federal Government to tax social media companies is right because the companies generate commercial revenues from the nation. According to Meta, 7.5 per cent value-added tax will be applied on sales of ads to advertisers from January 2022, and this applies to all non-resident businesses that provide digital service in the nation. The company’s spokesperson said, from 2022, Nigeria […]

There was confusion among power sector operators on Tuesday after President Muhammadu Buhari, fired the management of the Abuja Electricity Distribution Company as a result of the strike embarked upon by the AEDC workers the preceding day. Officials of the Federal Ministry of Power said the management of AEDC had been replaced with an interim governing council, stressing that the directive came from the Presidency. Austin Asoluka, told reporters in […]