Audit

The federal government has offered for subscription of two-year savings bond at 11.74 per cent and three-year savings bond at 12.74 per cent per annum, the Debt Management Office (DMO) has said. According to the offer circular obtained from the DMO website on Monday, the two-year bond will be due in May 2021, while the […]

New research from British insolvency firm Begbies Traynor revealed that 484,000 U.K. businesses are in “significant financial distress,” which is 14% of all the economically active firms in the country. The “Red Flag Alert” data also showed that the number of firms in “critical” distress, often a precursor to formal insolvency, rose by 17% year-on-year in the […]

The House of Representatives is to constitute an ad hoc investigative panel over the non-remittance of stamp duty  by the Central Bank of Nigeria (CBN), money deposit banks and other collection agents. The lawmakers alleged the banks and other collection agencies are shortchanging the nation by refusing to remit the duties into the Federation Account […]

Bola Tinubu, a national leader of the ruling All Progressives Congress (APC), has advised the federal government not to increase value added tax (VAT). Speaking at the colloquium held in commemoration of his 67th birthday, the APC leader said such action could lead to hardship among Nigerians. He counselled the government to widen the tax […]

The National Bureau of Statistics (NBS), said the number of registered workers under the pension scheme in the fourth quarter, 2018 hit 8,410,184 compared to 8,136,202 registered workers in the second quarter, 2018.  NBS said this in its “Pension Asset and RSA Membership Data Q4, 2018” released on its website. The bureau said that the […]