Finance articles

Fed Govt loses trillions as stamp duty fee is unremitted

Fed Govt loses trillions as stamp duty fee is unremitted

Stamp Duty charges on bank transactions may have yielded trillions of naira, but the revenue is unremitted to the Federation Account, The Nationhas learnt. The fate of the revenue, which is believed to have risen to over N7trillion as at 2015, has pitched the Nigerian Interbank Settlement System (NIBSS) against the School of Banking Honours (SBH),

Nigerian Economy Remains under Great Threat, US Warns

The United States military yesterday warned that the Nigerian economy remains under great threat following the surge in criminal activities in the Niger Delta and the threats by militants to resume bombing of oil facilities in the region. The rise in lawless activities around the Gulf of Guinea was also identified as another threat to

SHOCKING: Buhari’s minister, Al-Hassan other officials spent N12 million to inspect ghost projects – Audit Report

Payments totalling N11,700, 000 were made by the Federal Ministry of Women Affairs and Social Development to enable Minister, Aisha Alhassan, and some other staff members to embark on ‘familiarisation visits’ to unnamed skill acquisition centres in selected states in 2015, a report from the Auditor-General’s office has revealed. Interestingly, part of the funds was

Things to check in your bank statements

Your monthly bank account statement gives you a detailed review of the activity in your account for a specific period of time. It is your best opportunity to make sure your records match the bank’s, according to Check the statement When your statement arrives, look near the top of it for the starting and ending

Pension Fund Hits N6.5trn

The nation’s pension funds, under the Contributory Pension Scheme (CPS), grew to about N6.5 trillion as at the end of July 2017, even as the number of pension contributors rose significantly to 7. 6 million. As at the end of July 2017, the fund increased to about N6.5 trillion from N6.4 trillion it stood at