The Federal Government has disbursed ₦152 billion to contractors with verified contracts, the Ministry of Finance announced on Thursday. The ministry said the payment followed established verification procedures designed to safeguard public funds and maintain accountability in government spending. “The process of payment for contracts goes through various verification processes in line with extant laws …
Pensioners under the Nigerian Union of Pensioners (NUP), Federal Civil Service chapter, have threatened to stage a protest on October 1 over the non-implementation of their ₦32,000 pension increase. The group said while the new ₦70,000 minimum wage has been implemented for workers, pensioners remain excluded from the adjustment. READ ALSO: Retired Military Pensioners Picket …
By Esther Ososanya Nigeria and Rwanda have signed a landmark agreement to eliminate double taxation and prevent fiscal evasion on income taxes in a strategic move aimed at deepening economic ties and unlocking private sector-led investment across the continent. The bilateral treaty was signed on the sidelines of the 32nd Afreximbank Annual Meetings in Abuja, …
By Esther Ososanya The Minister of State for Finance, Dr. Doris Uzoka-Anite, has said Nigeria needs to strengthen its domestic revenue mobilisation capacity to support sustainable national development, particularly as global economies move away from reliance on commodities. Speaking on Tuesday in Abuja through Mrs. Ndidi Chineyolum, a director in the ministry, at the TaxADR …
By Esther Ososanya With inflation easing, revenues surging, and foreign investments making a comeback, the Federal Government says its bold economic reforms are beginning to pay off. Finance Minister, Wale Edun has assured Nigerians that President Bola Tinubu’s Renewed Hope Agenda is transitioning into a decisive growth phase focused on boosting productivity, creating jobs, and …
