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Some stakeholders are keeping a close watch on how management of the Nigerian National Petroleum Company Limited (NNPC Ltd), formerly Nigerian National Petroleum Corporation (NNPC), will play out especially with regard to sharing of the revenue generated among the three tiers of government without rancour. ....
The Federal Government and the newly constituted Nigerian National Petroleum Company Limited (NNPC) may face legal actions following the transition of the latter to a limited liability company. ....
Players in the financial and oil sector were yesterday, divided over-indebtedness of oil companies operating in Nigeria to the government, amidst the country’s borrowing spree. ....
77 oil firms owe Nigeria $6.48b amid continuous borrowing guardian.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guardian.ng Daily Mail and Mail on Sunday newspapers.
• Revenue could be raised to over N12tr with plugged loopholes • Nigeria’s IGR, company tax decline in 2020 as VAT revs up • Tax evasion, avoidance may persist as revenue pressure mounts • ‘With good tax system, govt has no business borrowing’ The inability of the Federal and state governments to judiciously use tax revenue, especially in reducing the challenges faced by masses and the Organised Private Sector (OPS), as well as weak technical and human capacity, may continue to limit potentials of tax revenue in the country. This is coming in the face of declining revenue amid controversy over whether or not the Central Bank of Nigeria (CBN) is printing money to meet revenue shortfalls . ....