THE EXECUTIVE

The Federal Executive Council (FEC) Wednesday approved N829.8 million as revised cost for the rehabilitation of a road linking Anambra and Enugu states. Minister of State for Works and Housing, Mr Umar El-Yakub, said this while briefing State House correspondents at the end…

The Federal Government made N127.03bn from Value Added Tax on calls, SMS, data, and other information and communication services in the first six month of the year. This is 10.69 per cent of the total N1.19tn that was collected as VAT within the…

Folasade Yemi-Esan, head of the civil service, has decried the non-payment of death benefits of civil servants to their relatives by insurance companies. Yemi-Esan said this during a meeting with the underwriters of the group life insurance policy for civil servants in…

The Director General, Budget Office of the Federation (BoF), Ben Akabueze, yesterday expressed concerns over the suspension of the planned 5 per cent telecoms tax, maintaining that Nigeria may have to rework its recent Medium Term Expenditure Framework (MTEF). Speaking on Arise Television,…

The proposed tax on telecommunication services has been suspended. Federal Government suspended the excise duty stating that the telecommunications sector is already overburdened by excessive and multiple taxation. The suspension was announced by the Minister of Communications and Digital Economy, Isa Pantami, on Monday…

In a move aimed at significantly advancing the course of global net-zero emissions targets and facilitating clean energy access for the development of Africa, Vice President Yemi Osinbajo, has proposed a Debt-for-Climate (DFC) Swap deal. Explaining the DFC concept yesterday during a lecture…