The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has disclosed its achievements and challenges in the fight against corruption. This information was contained in a press statement released on Friday and signed by Demola Bakare, spokesperson for the Commission. According to the Chairman of the ICPC, Dr. Musa Adamu Aliyu, SAN, the Commission…
The Economic and Financial Crimes Commission (EFCC) has warned banks in Nigeria against making themselves available as instruments of fraud. According to a post from the EFCC’s X handle on Friday, this warning was given by the EFCC’s Executive Chairman, Mr. Ola Olukoyede on Friday, during a courtesy visit by the management team of Moniepoint,…
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun,has emphasized the crucial role of the civil service in driving the country’s macroeconomic reforms. According to a post from the Federal Ministry of Finance X handle on Friday, Edun, while speakingat the launch of the Federal Civil Service Policies and Guidelines, praised the…
In a mounting show of opposition, northern leaders, including the Northern Governors Forum (NGF) and various civil society groups, have voiced strong disapproval of the Tax Reform Bill recently proposed by President Bola Tinubu. Hussaini Kafi writes as heated debates and opposition greet the intended reform. The bill, which aims to overhaul the country’s taxation…
Korede Abdullah in Lagos The Nigerian Naira experienced mixed fortunes yesterday, depreciating to N1,745 per dollar in the parallel market from N1,740 per dollar on Wednesday. However, in the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira appreciated to N1,658.67 per dollar, indicating a N28.85 gain. This development reflects the complex and volatile nature of…
Korede Abdullah in Lagos In a major breakthrough, the National Agency for Food and Drug Administration and Control (NAFDAC) has uncovered and dismantled counterfeit alcohol packaging centers at Article Market, Abule-Osun, Lagos State. The agency in a statement on Thursday said the raid resulted in the seizure of items worth an estimated ₦2 billion, including…
The Nigerian National Petroleum Company (NNPC) Limited has officially launched its new crude oil grade, Utapate, into the global market. The introduction of the Utapate crude oil blend is expected to boost Nigeria’s crude oil production and revenue generation. In a press release issued by the Chief Corporate Communication Officer, NNPC Ltd, Olufemi Soneye on…
The U.S. government, via the United States Agency for International Development (USAID), has initiated a significant $3.5 million collaboration with Nigeria’s private sector to tackle fundamental issues within the country’s creative industry and enhance its position on the global stage. The initiative, tagged the Africa Creative Blueprint, is led by USAID in partnership with Ascend…
The Federal Government, is implementing a major change in its tax policy as it introduces a consumption-oriented Value Added Tax (VAT) through the proposed Tax Reform Bill. This effort seeks to address persistent disparities in revenue allocation among the states, which could significantly impact the country’s economic environment. During a recent session of the House…
The Apapa Port Command of Nigeria Customs Service has achieved a revenue collection of N2.01tr as at November 19, 2024 Customs Area Controller(CAC) of the command, Comptroller Babatunde Olomu, fsi who disclosed this while addressing officers and men on a parade on Wednesday November 20, 2024 said the command aims at achieving its N2.2tr target…
