FG moves to collect taxes from global digital firms
Folu Adekunle The Vice President, Prof. Yemi Osinbajo, has said the Federal Government will soon invoke the provisions of Finance Act 2019 to collect taxes from global digital and technology firms with significant economic presence in Nigeria. Osinbajo, a Senior Advocate of Nigeria, disclosed this while interacting with a delegation of the Chartered Institute of Taxation of Nigeria (CITN) led by its...
Delta spends N1.3bn monthly on pensions
Delta State government spends N1.3 billion monthly in servicing pension obligations to its retirees. Its governor, Dr. Ifeanyi Okowa, made this known while swearing-in nine Special Advisers and Chairman, Bureau of State Pensions, at Government House, Asaba. Okowa said the state was facing lots of challenges as a result of pressure from the contributory pension scheme. He said that it was tough...
Constituency project: ICPC fails to see borehole, transformer missing
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) inspection team that went to Nangere, Yobe, on Friday to track a borehole that was supposed to have been sunk under lawmaker’s constituency projects found none in existence. The borehole was purportedly sunk at Sabongari area of Nengere Local Government Area of Yobe. A correspondent of the News Agency of Nigeria...
Zulum: Borno has lost over 100,000 people to insurgency
Governor Babagana Zulum of Borno has declared that the state government is yet to account for the whereabouts of 10 per cent of its population following the 12-year old insurgency in the North-East. As at 2016, available statistics indicated that Borno State had a population of 5.6 million people Speaking to State House correspondents after a closed door meeting with President...
How corruption is plunging Nigerians into poverty – SERAP
“Budget fraud, procurement fraud, embezzlement of funds among other illegal actions, lead to failure in the delivery of services including education, water and health. People living in poor neighbourhoods have suffered so much that they consider poor service delivery as being good enough.” This was the submission of the Socio-Economic Rights and Accountability Project (SERAP) in a new 61-page report. The...
JAMB: We’ll expose candidates caught in exam malpractice
Prof. Ishaq Oloyede, the Registrar, Joint Admissions and Matriculations Board (JAMB), has vowed to expose candidates caught in fraudulent acts during the board’s examination. Oloyede, who was speaking in Bwari on Friday, said that more than 10 candidates had written to the board to complain about their Unified Tertiary Matriculation Examination (UTME) results. He said that the candidates complained that their...
OGFZA attracts $16.6bn FDI, N255bn investments into Nigeria
The Oil and Gas Free Trade Zones Authority (OGFZA) has attracted $16.6 billion Foreign Direct Investments (FDIs) into the economy within a 20-year period covering 2001 and 2020. Managing Director, OGFZA, Mr. Okon Umana, disclosed this on Sunday while speaking with newsmen in Abuja. Umana said during the same period, the authority also attracted the sum of N255.33 billion local investments...
SERAP seeks details of N729bn payment to poor Nigerians
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit asking the Federal High Court in Lagos “to compel the Federal Government to disclose details of proposed payments of N729 billion to 24.3 million poor Nigerians. It also demanded the mechanisms and logistics for the payments, list of beneficiaries, and how they have been selected, and whether the payments will be made in cash...
Nigeria’s goods trade hits N12.02trn in Q2 – NBS
Total merchandise trade increased by 23.28 per cent in Quarter Two (Q2, 2021) to N12.02 trillion from N9.75 trillion recorded in Q1, the National Bureau of Statistics (NBS) has said. The NBS said this on Sunday in Abuja in its “Foreign Trade in Goods Statistics, Q2, 2021”, adding that the increase was a result of the sharp increase in export...
My refinery’ll employ 57,000 personnel – Dangote
Fifty-seven thousand personnel will be engaged at the 650,000 barrels-per-day world’s largest single refinery project, Dangote Refinery, located in Ibeju Lekki area of Lagos State. President/Chief Executive, Dangote Industries Ltd., Alhaji Aliko Dangote, made the disclosure while revealing plans to increase human capacity at its Refinery Project site, from 40,000 personnel to 57,000 in the coming months. The project currently employed 29,000 Nigerians and 11,000...
