18 Years After: RMAFC moves to review president, governors, lawmakers’ pay
By Babajide Komolafe, Economy Editor The Revenue Mobilisation Allocation and Fiscal Commission, RMAFC, has completed the review of the remuneration of political office holders, 18 years after their salaries were last reviewed by law, saying the proposed new remuneration and revenue allocation Bills will reach the National Assembly before the end of the year. Chairman […]
UBA declares N264.7b gross earnings for 2013
The United Bank for Africa (UBA) has announced gross earnings of N264.7 billion for the financial year ended Dec. 31, 2013.
We have 3, 843 unutilized PAAR still on the system – NCS
ALTHOUGH criticised by disgruntled elements, importers through the Nigerian Ports have thrown their weight behind the new import guidelines, procedures and documentation requirements recently introduced by the Nigerian Customs,to facilitate trade, generate more revenue to the coffers of government and enhance synergies with stakeholders.
Nigeria consumed 250,000 tonnes of LPG in 2013 – PPMC
Nigerians consumed a paltry 30 per cent or 250,000 tonnes, out of the whopping 850,000 tonnes of Liquefied Petroleum Gas (LPG) reserved for domestic use last year.
FOU Zone C impounds 5,085 bags of rice
AS part of its anti-smuggling activities in the country, the Federal Operations Unit, FOU, Zone C of the Nigeria Customs Service, NCS, has impounded eight trucks containing 5,085 bags of illegally imported par-boiled rice valued at N140m.
FOU Zone A seizes 3,553 goods valued at N1.2bn
AFTER engaging in anti-smuggling activities geared towards maintaining its role as a flagship Command, the Federal Operations Unit Zone A Ikeja, Lagos in its anti-smuggling activities for the year ended January to December, 2013 has disclosed that it has made a total seizure of about 3,553 assorted prohibited goods valued at N1,294,211,018 with a payable duty of N227, 073, 983 and a Duty Paid Value DPV of N1,521,285,001.
