WORRIED by two consecutive investigative reports by PREMIUM TIMES x-raying procurement irregularities and sophisticated corruption of due process at the Nigerian National Petroleum Corporation (NNPC), the presidency this week summoned the Corporation’s Group Managing Director (GMD), Mele Kyari, to the…
ABOKIFX, the website that publishes forex against the naira, has temporarily suspended the real time publication on its platform. This was consequent upon allegations of sabotage of Nigerian economy leveled against it by the Governor of Central Bank of Nigeria,…
A STANDARD gauge rail being planned from Kano State in Nigeria to Maradi in Niger Republic is one of the projects the President Muhammadu Buhari plans to fund with the fresh external loans he is asking the National Assembly to…
KOGI State Government has appealed to business operators in the state to to comply with provisions of the law concerning registering of business with Ministry of Commerce and Industry to avoid sanctions or punishme At a joint press conference by…
THE Southwest states of Ekiti, Lagos, Ogun, Ondo, Osun and Oyo may team up to present a common front on the collection of Value Added Tax (VAT), it was gathered Saturday night. Some other states, including Kaduna, Delta, Enugu and…
THE management of the Nigerian National Petroleum Corporation (NNPC) has invited newspaper editors to a Lagos hotel with the intention of bribing them to discredit a recent report about ineptitude, mismanagement and corruption in the state oil and gas company.…
THE Yahaya Bello-led Kogi State government has lambasted the Government’s of Rivers State and Lagos State over moves to retain the Value Added Tax. Recall that Governor Nyesom Wike of Rivers had recently signed a bill on VAT followed by…
MANY states in Nigeria may not be able to meet their financial commitments as the federal government could lose revenue from taxes amidst dwindling revenue in recent times with a court ruling assigning the collection of Value Added Tax (VAT)…
THE crisis over the Value Added Tax deepened on Wednesday with the Rivers State Governor, Nyesom Wike, ordering companies based in the state to start paying VAT to the state government. Wike gave the order during a stakeholders’ meeting in…
DESPITE declaring a profit in its operations for the 2020 financial year, published audited financial statement of the Nigerian National Petroleum Corporation, NNPC, has shown that its revenue fell by 19.76 percent in 2020 to N3.718 trillion from N4.634 trillion…
