•Taiwo Oyedele The federal government has approved a simplified and business-friendly withholding tax regime, according to Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee. The new regime aims to address challenges with the existing withholding tax system, which was introduced in 1977 to curb tax evasion and ...
President Bola Tinubu has spent not less than N3.4bn on local and foreign travel within six months of assuming office. The figure is 36 per cent more than the N2.49bn earmarked for the President’s travel expenditure in the 2023 budget, reports The PUNCH. Though Tinubu inherited the budget halfway, he spent more than what was […]
The Nigerian National Petroleum Company Limited (NNPCL) may begin importation of 110, 000 barrels of crude oil per day from Venezuela or Saudi Arabia to operate the Kaduna Refinery due to come on stream next year. Also, the Dangote, Bua and other refineries may be forced to import about 1.322 million barrels of crude oil […]

