Truth Is Treasure
The United States Government has announced a 7 million dollars (about N2.6 billion) emergency health and humanitarian aid to Nigeria amid the coronavirus (COVID-19) pandemic. This is part of a 274 million dollars (N103 billion) assistance package to no fewer than 63 countries affected by the disease, according to a
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President Donald Trump on Friday signed the $2.2 trillion (N827 trillion) financial stimulus package to cushion the economic impact of the coronavirus pandemic in the United States. This came hours after the country’s House of Representatives approved the bipartisan bill, which the Senate passed on Wednesday. The News Agency of
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By Mathew Dadiya, AbujaThe World Bank Group and the International Monetary Fund, Friday, urged official bilateral creditors to provide immediate debt relief to the poorest countries facing COVID-19. This, the World Bank group and other international creditors believed would enable these 56 poor nations to prioritize their spending to curtailing the
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Former Vice President Atiku Abubakar has advised the Federal and State Governments to provide palliatives to Nigerians to enable them comply and survive the directive to work at home. Abubakar, in a statement he issued on Wednesday in Abuja, said that the call was important as large percentage of Nigerians did not
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By Tony Obiechina, Abuja As part of the ongoing-internal reforms towards achieving its N8.5 trillion tax target, the Board of the Federal Inland Revenue Service (FIRS) has approved the appointment of four Coordinating Directors (CD) and two Group Leads (GL) in acting capacity. The Board also announced the the retirement of all
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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday, retained Monetary Policy Rate (MPR) at 13.5 per cent and held other policy parameters constant. CBN Governor, Mr Godwin Emefiele said this during a national broadcast monitored by News Agency of Nigeria (NAN) in Abuja on
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Africa needs an immediate emergency economic stimulus to the tune of 100 billion dollars, owing to the COVID-19 outbreak, the African Finance Ministers have said. This is contained in a statement by Communication and Media Relations Department of the group, which was made available to News Agency of Nigeria (NAN). It
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The Federation Accounts Allocation Committee (FAAC) has shared the sum of N581.566 billion to the Federal, States and Local Governments for February. Mr Henshaw Ogubike, Director Press and Public Relations in the Office of the Accountant-.General of the Federation made this known in a statement in Abuja on Monday. Ogubike said
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By Tony Obiechina, Abuja The Domestic Tax Operation Group (DTOG) of the Federal Inland Revenue Service (FIRS) has assured the Management and Board of the Service that it will strive to achieve its N8.5trillion revenue target. The TOG gave the assurance in a communique it issued at the end of its two-day
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The Federal Inland Revenue Service (FIRS ) collected the sum of N338.1 billion revenue as against N620.2 billion tax targeted for January 2020 The figure represents the aggregate collection by states’ coordinating units on monthly basis. Executive Chairman of FIRS, Mr Muhammad Nami, had given a tax collection target of N8.5 trillion for
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