The Senate warned that any bank that withholds its tax would be liable to pay 10% in addition to what they ought to have paid. The Senate has passed the Finance Act (Amendment) Bill, 2024 and increased the windfall levy on banks’ foreign exchange revaluation gains from 50% as proposed by President Bola Tinubu to 70%. This followed the consideration and adoption of the report of the senate committee on finance presented by its Chairman,...
The chief executive also assured that Nigeria would see better times in the oil and gas industry as recent policy reforms are realised through the NNPCL The Nigerian National Petroleum Company Limited (NNPCL) has declared that it remitted N4.5 trillion generated revenue as at October this year into the federation’ account. The state oil company further asserted that prosperity is imminent for the country because itself and other significant players in the oil industry are...
The acronym MTEF may sound technical, and many citizens tend to ignore it. But it should not be so because the document lies at the heart of the annual budget, which determines how better or worse our lives get as Nigerians You must have heard and read about MTEF in the last few days. That is if you keep up with the news aside from gossip, entertainment, and sports, etc. This week, at OrderPaper Nigeria,...
