The Federal Government has unveiled plans to establish a special finance institution that will attract funds into the economy at lower interest rates. The Minister of Finance and the Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala, stated this on Friday in Ilorin during her visit to KAM Industries Nigeria […]
Tag: Nigeria
Reps accuse banks of tax evasion
The House of Representatives said on Sunday that banks in the country evaded tax and engaged in other illegal conduct such as false declaration, violation of laws and “self exemption from existing rules.†The House noted that an ongoing investigation into tax collection and remittances by the banks had exposed […]
Nigeria state revenues tumble 42 pct in July due to oil outages
* July sees lowest monthly revenues this year * Oil theft hitting govt finances * Excess crude account holds $5.1 bln vs $9 bln end 2012 Nigeria’s government revenues slumped 42 percent in July due to oil theft and production outages, the accountant general said on Friday, underscoring how […]
