Saturday, 27th November 2021
Breaking News:


26 Oct
The sharing formula must be reviewed to allocate more resources to the State and Local Governments because of the growing responsibilities they are shouldering in critical sectors such as Agriculture and food security..
20 Aug
The Federal Government has restated commitment to the review of the extant vertical revenue allocation formula to the three tiers of government in the country.
13 Jul
Enugu state government recorded an inflow of N20.1 billion with the first quarter of year 2021. The state’s Ministry of Budget and Planning yesterday stated that the state government recorded
4 Jun
“High turnover businesses can use loans as a hedge against inflation. Since the national currency value drops rapidly during such economic slowdown, when repaying such loans, what is being paid is actually a fraction of the amount borrowed in real terms-” Akin Monehin A country experiences inflation when there is a continuous increase in the…
10 May
Senate Committee on Finance has revealed that 60 government-owned enterprises failed to remit a total of N3trillion in six years, contrary to provisions of the constitution and Fiscal Responsibility Act...
7 May
A news report on the front page of The Nigerian Observer of Tuesday, May 4, 2021 came with a caption, ‘‘Edo deploys big data in tax administration as monthly IGR climbs to N2.8 billion.’’ The rider of that caption also said that IGR in Edo ‘‘ranks second behind Lagos....
4 Jan
Mr. Humphrey Igberase is an estate surveyor and valuer. He spoke to CHINEDUM UWAEGBULAM on why regulated sectors should embark on the valuation of assets before tariff setting and ways to resolve compensation issues in the sector. In Nigeria, companies, especially service providers that operate within the regulated sectors have failed to take cognisance of…
21 Aug 2020
The Federal Inland Revenue Service (FIRS) says a systemic abuse of the pioneer incentive scheme instituted by the Federal Government has led to tax revenue leakages
7 Aug 2020
Revenue crisis, compounded by the coronavirus pandemic, may push Nigeria to further borrowing, therefore pushing budget deficit beyond the projected N4.28 trillion to at least N6 trillion
27 May 2020
Although the lockdown may have been relaxed, the impact on businesses may lead to further high unemployment, reduction in consumers’ purchasing power
18 Feb 2020
Lagos State Governor Babajide Sanwo-Olu has said that the current revenue sharing formula in the country is far from being fair, just and equitable.
20 Jan 2020
The Managing Director, Kano Electricity Distribution Company (KEDCO), Alhaji Jamilu Gwamna, says the company had lost energy supplied to it by regulators worth about N52 billion in 2019.


30 mins ago
Gov. Bello Matawalle of Zamfara has lifted the ban on mobile telecommunication network in the state.
33 mins ago
Former President Goodluck Jonathan, has urged Nigerian leaders to value the interest of every section of the country in order to build a united nation devoid of agitation, disunity and disenchantment.
2 hours ago
Germany on Saturday confirmed its first two cases of the new Omicron strain of Covid-19, in travellers who arrived at Munich airport from South Africa, regional officials said.
2 hours ago
Britain on Saturday announced tougher entry rules for all arriving passengers and the return of a masks mandate, after confirming its first two cases of the new Omicron strain of Covid-19.
3 hours ago
The Nigeria Security and Civil Defence Corps (NSCDC), Ondo State Command, says it has trained 2, 000 students and 300 teachers on school security and personal protection in the state.