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Tax Revenue Rises to N3.9 Trillion in Nine Months

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firs
  • Tax Revenue Rises to N3.9 Trillion in Nine Months

The Federal Government has generated N3.9 trillion in tax revenue this year, according to Tunde Fowler, the Chairman, Federal Inland Revenue Service.

The Chairman, who spoke at the meeting of the African Union High Level Panel on Illicit Financial Flow from Africa in Abuja on Thursday, said the generated revenue is higher than the N2.9 trillion realised in the same period of 2017.

According to the FIRS boss, the improvement was due to the organisation efforts at recovering all monies due to the government and the insurance of tax notification to companies not complying with Company Income Tax.

So far, a total of 2,672 demand notices have been issued, out of which 653 of the companies are now filing their returns and paid N2.98 billion already.

Mrs Zainab Ahmed, the Minister of Finance, who was also in attendance, highlighted other efforts being made the government to halt illicit flow of financial resources out of the country.

She said, “The Federal Government is collaborating with several countries in terms of sharing information on Nigerians who own properties and bank accounts abroad. We also run a programme for the automatic exchange of tax information with the United Kingdom.”

“In addition, we have signed agreements on the Multilateral Competent Authority on the Common Reporting Standard, which is a platform for exchange of financial accounts’ information. This will come into effect as soon as the legal framework is finalised.”

“We are determined in the fight against illicit financial flows. We are therefore committed to fighting this on all fronts. To aid us in our efforts, it will be appreciated if the HLP will share its experiences in domesticating international best practices in the key sectors of our economy with respect to the IFFs.”

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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International Women’s Day: Presidency Releases a Checklist of ‘Buhari’s Women’

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Muhammadu Buhari

In  Celebration of International Women’s Day: President Buhari Releases a Checklist of ‘Buhari’s Women’

The Nigerian presidency has released a list of some of the women appointed into key positions as the country joins the global community in celebration of March 8 International Women’s Day.

The theme for this year’s celebration is “Choose to Challenge.”

“The celebration provides ample opportunity to reflect on how President Muhammadu Buhari honours the womenfolk,” Femi Adesina, Special Adviser to the President said in a short sentence that prefaced the list of the 38 women appointed into various positions by his principal on Sunday.

Adesina described the 32 female officials that were listed in the ‘Checklist’ as just a few of “The Buhari Women,’

See the list of the women below

  1. Zainab Ahmed, Honourable Minister of Finance, Budget and National Planning
  2. Sadiya Umar Farouq, Honourable Minister of Humanitarian Affairs, Disaster Management and Social Development
  3. Pauline Tallen, Honourable Minister of Women Affairs
  4. Mariam Yalwaji Katagum, Honourable Minister of State for Industry, Trade and Investment
  5. Sharon Ikeazor, Honourable Minister of State for Environment
  6. Gbemisola Saraki, Honourable Minister of State for Transportation
  7. Ramatu Tijjani Aliyu, Honourable Minister of State for the Federal Capital Territory (FCT)
  8. Folashade Yemi-Esan, Head of the Civil Service of the Federation
  9. Mariam Uwais, Special Adviser to the President
  10. Jumoke Oduwole, Special Adviser to the President on Industry, Trade and Investment, and Secretary of the Presidential Enabling Business Environment Council (PEBEC)
  11. Mojisola Adeyeye, Director-General, National Agency for Food and Drug Administration and Control (NAFDAC)
  12. Hadiza Bala-Usman, Managing Director, Nigerian Ports Authority (NPA)
  13. Abike Dabiri-Erewa, Chairperson and CEO, Nigerians in Diaspora Commission
  14. Chioma Ejikeme, Executive Secretary, Pension Transitional Arrangement Directorate (PTAD)
  15. Patience Oniha, Director-General, Debt Management Office (DMO)
  16. Aisha Dahir-Umar, Director-General, National Pension Commission
  17. Jummai A.M. Audi, Chairperson, Nigerian Law Reform Commission (NLRC)
  18. Yewande Sadiku, Executive Secretary, Nigerian Investment Promotion Commission (NIPC)
  19. Gloria Akobundu, National Coordinator/Chief Executive of New Partnership for Africa’s Development (NEPAD), Nigeria
  20. Nnenna Akajemeli, National Coordinator/CEO, SERVICOM
  21. Folashade Joseph, Managing Director, Nigeria Agriculture Insurance Corporation (NAIC)
  22. Cecilia Gaya, Director-General, Administrative Staff College of Nigeria (ASCON)
  23. Ronke Sokefun, Chairperson, Nigerian Deposit Insurance Corporation (NDIC)
  24. Aishah Ahmad, Deputy Governor, Financial System Stability, Central Bank of Nigeria (CBN)
  25. Stella Ojekwe-Onyejeli, Executive Director/Chief Operating Officer, Nigeria Sovereign Investment Authority (NSIA)
  26. Adejoke Orelope-Adefulire, Senior Special Assistant (SSA) to the President on Sustainable Development Goals (SDGs)
  27. Oge Modie, Senior Special Assistant (SSA) to the President on Strategic Communications
  28. Toyin Adeniji, Executive Director, Micro Enterprises, Bank of Industry (Oversees the Government Enterprise and Empowerment Programme, GEEP)
  29. Stella Okotete, Executive Director, Business Development, NEXIM Bank
  30. Omolola Abiola-Edewor, Executive Director, Nigerian Deposit Insurance Corporation (NDIC)
  31. Imaan Sulaiman–Ibrahim, Director-General, National Agency for Prohibition of Trafficking in Persons (NAPTIP)
  32. Lauretta Onochie, Personal Assistant to the President on Social Media, and INEC Federal Commissioner-nominee

 

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BREAKING: Supreme Court Justice Sylvester Ngwuta Is Dead

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Nwali Sylvester Ngwuta, a justice of the Supreme Court, is dead

The judge, 69, died just about three weeks to his 70th birthday on March 30 when he will be due for retirement from the bench.

A statement by the Chief Registrar of the apex court, Hadizatu Mustapha, said Mr. Ngwuta died in his sleep at about 2.30 am on Sunday.

The statement added that Mr. Ngwuta, who hailed from Ebonyi State, had been admitted at the National Hospital in Abuja for about one week before his death.

He was said to have been moved to the Intensive Care Unit (ICU) of the hospital on Friday and was also said to have tested negative for COVID-19 following an investigative test carried out on him at the ICU.

The statement read, “The Supreme Court of Nigeria regrets to announce the death of the Hon. Mr. Justice Nwali Sylvester Ngwuta, JSC, CFR, by 2.30 a.m. on Sunday, March 7, 2021.

“He felt sick and was admitted in the last one week in the National Hospital, Abuja, but before he was moved to the intensive care unit (ICU) of the hospital on Friday, March 5 he tested negative to COVID-19 investigative test conducted on him.

“Hon. Justice Ngwuta was due to retire from the Supreme Court bench on attaining the mandatory retirement age of 70 years on March 30, 2021.

“His remains have been deposited in the National Hospital mortuary pending the arrangement for his burial.

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Affordable Pay-TV Provider, StarTimes Slashes Decoder Price, Introduces Easter Promo

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In the spirit of Easter celebration, StarTimes is offering a decoder price slash as well as free access to a higher bouquet for its subscribers.

The promo starts Monday, March 1.

The antenna decoder will go for N7400 as against N9400 while dish decoder will go for N11,200 as against N13,200. StarTimes has over 100 channels showing exciting foreign and local entertainment.

Also, The Easter promo starting on Monday gives subscribers the opportunity to pay for a 2-month subscription on Nova, Basic, and Smart bouquets and get an instant upgrade to view the next higher bouquet for two months. While customers on Classic and Super bouquet who recharge for two months will get 10 days extra.

Loyal subscribers will also be treated to richly-packed Easter hampers.

According to the Content Marketing Manager, StarTimes Nigeria, Ali Auta, the essence of the promo is to allow its subscribers enjoy the Easter holiday with access to an array of channels on a higher bouquet than they normally watch and unlimited entertainment at a very little cost.

“Nova bouquet is N900 monthly. So customers who pay N1800 for a two-month subscription will get an instant upgrade to view Basic/Smart bouquet for two months. Basic bouquet is N1700 monthly and Smart is N2200. So a customer who pays N3400 for two months for basic or N4400 for smart bouquet will be migrated to enjoy all the content on Classic and Super bouquets respectively for two months. Subscribers who key into the promo will save a minimum of N1,600,” Mr Ali said.

On the exciting content line-up, Mr Ali said, “As Easter approaches, families like to spend quality time watching TV series and movies together at home. They will access top Nollywood films on PBO TV and AMC Movies. On Novela E Plus, TLNovelas and TDC, they will be able to browse great dramas & telenovelas from across the globe. Also, loads of Hollywood, Bollywood and Chinese movies and series will thrill them.

“News and documentaries aficionados can also enjoy thrilling programs on Fox News, News Central, National Geographic Channel (NGC) and NatGeo Wild (NGW), etc.

“Kids are not forgotten with amazing channels: Cbeebies, Toonami, Jimjam, BabyTV, Nickelodeon, ST Kids, Pineapple TV and DreamWorks.

“In terms of sports, StarTimes subscribers will have access to exciting football, basketball, boxing and mixed martial arts sports. StarTimes airs Europa League, the Emirates FA Cup, Copa del Rey, Coppa Italia, Bundesliga, La Liga, among others, live and in HD. Also, MUTV, a dedicated channel for Manchester United is now on StarTimes.”

“Thus, our Easter decoder price slash and upgrade promo give families more reasons to sit at home and enjoy quality entertainment together for less the bouquet price,” Mr Ali said.

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