THE EXECUTIVE

The President, Major General Muhammadu Buhari (retd.), on Tuesday, said the auctioning of the 5G spectrum alone generated $547m. He also lauded the contributions of the digital economy in driving growth, creating employment and generating 594 per cent of its revenue target for…

The minister of state for finance, budget and national planning Clem Agba has described Nigeria’s procurement law as a drawback machinery that continues to make implementation of the national budget difficult, thereby denying Nigerians some needed developmental strides. “I don’t think the law,…

The Minister of Information and Culture, Lai Mohammed, on Monday, disclosed that Twitter negotiated with the Nigerian Government in the wake of the suspension of the microblogging site. Mohammed made this clarification while reacting to the claim by a former senior Twitter official…

The  Presidency has said no date has been fixed for President Muhammadu Buhari to meet with a delegation of Nigeria Governors Forum (NGF) over their rejection of the N100,000 and N500,00 cash limit for indidviduals and corporate organisations recently announced   by the…

At least 172 companies may not benefit from about N2.4tn tax waivers under the Pioneer Status Incentive and other tax exemptions as the Federal Government moves to phase out some tax waivers effective 2022. The Federal Government is phasing out the tax exemptions…

President Muhammadu Buhari has previewed the forthcoming general election scheduled for the first quarter of 2023 in Nigeria with a declaration that his administration would conduct a credible poll that would be acceptable to all candidates participating in the exercise. The president made…

The Federation Account Allocation Committee (FAAC) has shared the sum of N902.053 billion November revenue among the three tiers of government and other statutory beneficiaries. The N902.053 billion total distributable revenue comprised statutory revenue of N681.079 billion, Value Added Tax (VAT) income of…

The Federal Government yesterday said about 54 million Nigerians have been fully vaccinated against the COVID-19 virus, representing 53 per cent of the targeted eligible population. It said while 60 million Nigerians were partially vaccinated, representing 63 per cent of the eligible population,…

The federal government is working on phasing out the “antiquated” pioneer status incentive and other tax exemptions for mature industries with the 2022 finance bill. The pioneer status incentive (PSI) is a tax holiday that grants qualifying industries and products relief from…