Nigerian govt. receives N2 trillion in taxes from Google, Facebook, and foreign companies

Nigerian govt. receives N2 trillion in taxes from Google, Facebook, and foreign companies

Foreign companies such as Google, Netflix, and Facebook that are operating in Nigeria have contributed more than N1.98 trillion in taxes to the Federal Government over the course of 15 months, as revealed by investigative findings. This substantial amount encompasses … Continue reading Nigerian govt. receives N2 trillion in taxes from Google, Facebook, and foreign companies

Potential Niger invasion could double annual defense spending, costing Nigeria over N2.98 trillion

Potential Niger invasion could double annual defense spending, costing Nigeria over N2.98 trillion

Despite the Nigerian Senate’s rejection of President Bola Tinubu’s proposal to deploy Nigerian troops in Niger Republic to restore democratic rule, the looming prospect of military intervention raises concerns about its heavy toll on Nigeria’s resources. Based on the global … Continue reading Potential Niger invasion could double annual defense spending, costing Nigeria over N2.98 trillion

Senate initiates probe into petrol subsidy payments, questions N9.3 trillion expenditure in 30 months

Senate initiates probe into petrol subsidy payments, questions N9.3 trillion expenditure in 30 months

The Nigerian Senate has decided to initiate a probe into the expenses incurred by the federal government during a 30-month period under the petrol subsidy regime. The resolution was reached during the plenary session on Tuesday, following a motion presented … Continue reading Senate initiates probe into petrol subsidy payments, questions N9.3 trillion expenditure in 30 months