VAIDS only upped tax base, not revenue—FIRS
The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has opened up on the true performance of the Voluntary Assets and Income Declaration Scheme (VAIDS) regime during the first term of President Muhammadu Buhari (2015-2019). In an interview…
Gwarzo: SEC workers have no right to stop court ordered return—Lawyer
Contrary to Monday morning’s closure of the Securities and Exchange Commission (SEC) Abuja secretariat’s main gate to stop possible resumption of the suspended Director General, Mounir Gwarzo, Abuja lawyer and human right activist, Nura Audu, has described the act as…
Just in: Finance Minister, Adeosun resigns over mounting pressure on fake NYSC cert
…Lawyers seek immediate trial to demonstrate Buhari’s stand on corruption Strong indications emerged Friday afternoon that the Minister of Finance, Mrs Kemi Adeosun, has resigned as a member of the Federal Executive Council (FEC). Whereas efforts to get confirmation from…
Adeosun: Team of lawyers threatens to sue NYSC for providing ‘blurred details’
Relying on the Freedom of Information Act passed some years ago, a team of legal practitioners are currently perfecting documentation to drag the National Youth Service Corp (NYSC) over their terse statement on what they know concerning the trending exemption…
Beer, other alcoholics yet to see any increase in retail prices 1 week after tax hike
More than one week after the effective implementation of a new excise duty regime on alcoholic beverages and tobacco products, market price sampling weekend showed that prices of related products remained intact. It would be recalled that the new tax…
$1bn security fund: Oil states’ demand for 13% derivation in order—Lawyers
Since the presidential approval for the release of $1bn to fund the fight against insurgency was made, there has been rising demand by leaders of thought in the Niger Delta and adjoining oil states for the deduction and payment of…
10 months after saying Lagos contributes half of Nigeria’s VAT, nothing to show—BHIU
It would be recalled that the Minister of Finance, Mrs. Kemi Adeosun, had on first August, 2017, revealed that more than half of Nigeria’s value added tax (VAT), comes from Lagos State alone. However, checks by Business Hilights Intelligence Unit…
Double edged-sword: Rising oil price may upturn economic recoveries if…
The unfortunate truism that whenever crude oil price is rising, it presents two-way conditions for Nigerian economy is beginning to play out since the oil prices began to steady at above $70. It would be recalled that Minister of Finance,…
Issues around probing Oando land Gwarzo in ICPC net, charged to court
Though the Minister of Finance, Mrs. Kemi Adeosun had repeatedly denied it, the embattled and suspended Director-General of the Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo who is now charged to court on a three count, had insisted that…
CBN, Adeosun in NASS net for buying $462m helicopters without approval in March
The Nigerian upper legislative chambers on Tuesday summoned the Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, Minister of Finance, Mrs Kemi Adeosun and her Defence counterpart, Mansur Dan-Ali to appear before it. The trio are to appear…
