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https://punchng.com/fg-recorded-n150-36bn-fiscal-deficit-in-april-cbn/
FG recorded N150.36bn fiscal deficit in ...

FG recorded N150.36bn fiscal deficit in April- CBN

The Federal Government recorded a fiscal deficit of N150.36bn in April, after recording an aggregate expenditure of N559.67bn and retained revenue of N409.31bn. Figures obtained from the Central Bank of Nigeria’s April report on ‘Fiscal operations of the Federal Government’ revealed on... read more »

Southern Govs Take Stand On State Collection of VAT, Open Grazing
Southern Govs Take Stand On State Collec...

Southern Govs Take Stand On State Collection of VAT, Open Grazing

The Southern Governors Forum has backed the collection of the Value Added Tax by states. The governors made their positions known on Thursday, during their meeting in Enugu on Thursday. The disagreement over VAT started last month when the Federal High Court sitting in Port Harcourt, in a judgment... read more »

Late TB Joshua’s Family Drags Church Officials To EFCC
Late TB Joshua’s Family Drags Church Off...

Late TB Joshua’s Family Drags Church Officials To EFCC

The family of late Prophet Temitope Balogun Joshua, alias TB Joshua, the founder of the Synagogue Church of All Nations, SCOAN, has petitioned the Economic and Financial Crimes Commission, EFCC, to quiz officials of the church over alleged misappropriation of funds. The crisis comes barely four... read more »

VAT: FIRS Risk Losing N92bn Revenue To States
VAT: FIRS Risk Losing N92bn Revenue To S...

VAT: FIRS Risk Losing N92bn Revenue To States

The Federal Inland Revenue Service may lose about N92bn which it is expected to earn as cost of collection if the Appeal Court upholds the judgement of the Federal High Court asking states government to collect Value Added Tax in their domain. The law setting up the FIRS allows the agency to a... read more »

 FG’s GDP Growth Insignificant With Rising Poverty – Peter Obi
FG’s GDP Growth Insignificant With Risin...

FG’s GDP Growth Insignificant With Rising Poverty – Peter Obi

The former governor of Anambra State and vice-presidential candidate of the People’s Democratic Party, PDP, in the 2019 general elections, Peter Obi, has undermined the significance of the latest National Bureau of Statistics report which showed that the country’s economy has recorded a five... read more »

More from Finance

FG suffers N1.76tn revenue shortfall in six months

FG suffers N1.76tn revenue shortfall in six months

Official record has shown that the Federal Government of Nigeria suffered a revenue shortfall of N1.76tn in the first half of this year. According to a revenue performance report, which was... read more »

Nigeria Sole Country Not Taxing Coca-Cola, NCS Says As it Seeks Excise Duty on Soft Drinks

Nigeria Sole Country Not Taxing Coca-Cola, NCS Says As it Seeks Excise Duty on Soft Drinks

The Nigeria Customs Service, NCS, has urged the Federal Government to re-introduce excise duty on all drinks produced in the country. The comptroller-general of NCS, Hameed Ali, stated this... read more »

No Petrol Price Hike Until FG, Labour Conclude Negotiation – PPPRA

No Petrol Price Hike Until FG, Labour Conclude Negotiation – PPPRA

The Petroleum Products Pricing Regulatory Agency, PPPRA, has said restated that the Petroleum Industry Act had marked the full deregulation of the downstream oil sector. It added that the... read more »

Naira Dips To 517 Against Dollar

Naira Dips To 517 Against Dollar

The naira has continued its recent crash, dipping further against the dollar at the parallel market on Wednesday to exchange at 517/$ after maintaining a 515/$ valuation in recent days. The... read more »

FG owes CBN N15.51tn, borrows N14.86tn under Buhari

FG owes CBN N15.51tn, borrows N14.86tn under Buhari

The Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances has skyrocketed to N15.51tn, rising by 2,286 per cent in six years, data collated from the... read more »