•Tinubu and Trump Nigeria’s foreign exchange earnings from diaspora remittances may suffer a major blow following the passage of a new bill in the United States that seeks to impose a 3.5 per cent tax on money transfers sent by non-citizens to recipients abroad. The provision is contained in the “One Big Beautiful Bill Act,” […]
The Forum of Commissioners of Finance under the Federation Account Allocation Committee (FAAC) is demanding immediate action from the Nigerian National Petroleum Company Limited (NNPCL) on the remittance of about N200 billion to the federation account. The forum says the NNPCL has made only one incomplete remittance of less than N200 billion t...
•Ali Ndume Senator representing Borno South and Senate Chief Whip, Ali Ndume, has commended the position of the federal government, mandating the nation oil giant, the Nigerian National Petroleum Company Limited (NNPCL), to remit its earnings from crude oil sales to the Central Bank of Nigeria (CBN). Speaking with journalists in Abuja, Senator...
•Chairman, Delta State Internal Revenue Service, Solomon Ighrakpata Employers of labour as well as self-employed individuals in Delta State, have been given till January 31, and March 31, 2024, respectively, to voluntarily file their annual tax returns for 2023 by the Personal Income Tax Act of 2004, as amended. This was contained in a stateme...

