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    Politics FG eyes non-oil sector for more revenues – The Guardian Nigeria News

  2. Nigeria Business News

    Business OML 112: Court restrains RMAFC, AGF from deducting Rivers’ allocation – Newtelegraph

    The Federal High Court, Abuja, has restrained the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) from deducting money from Rivers State’s statutory allocation in respect of the OML 112 Offshore. The court, on Monday, in Abuja, also ordered RMAFC to comply with the Supreme...
  3. Kayode Falayi

    Business RMAFC recovers N57.7bn unremitted revenue from banks - The Sun Newspaper

    The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), on Tuesday, said it has so far recovered about N57.7 billion unremitted revenues from collecting banks in its efforts to boost revenue accruals into the federation account. According to the agency, the recovery followed...
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    Politics Nigeria: Agencies In Trouble For Paying Salaries Above RMAFC's Scale

    The National Economic Council led by Vice-President Yemi Osinbajo was on Thursday told how some revenue generating agencies have been engaging in various financial irregularities. According to PUNCH reports, some agencies may be in trouble as they were accused of paying salaries above the scale...
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    Business Nigeria: RMAFC Wants FG to Increase VAT by 50%

    The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has called on the federal government to increase Value Added Tax (VAT) by 50%, Daily Trust. This will see VAT on all consumer goods increase from the current 5% to 7.5%. This action will help government generate more revenue...
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    Politics Nigeria: Why FG May Lose Control of Revenue From 31 Agencies - RMAFC

    Fresh trouble is brewing for the cash-strapped Federal Government as the Revenue Mobilisation, Allocation and Fiscal Commission (RMFAC) yesterday declared that the presidency was wrong to have arrogated to itself the control of revenue generated by some 31 agencies. RMFAC is charged with...
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    Politics Senate Uncovers Over N700bn Illegal Withdrawals From Natural Resources Fund [Leadership]

    The Senate Committee on Police Affairs has urged President Muhammadu Buhari to immediately investigate and prosecute of illegal withdrawals to the tune of N701, 489,494,960.61, from the Natural Resources Fund for purposes outside what the money was meant for, Leadership reports. The monies...
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    Politics Ministers' Allowances Will Be Slashed Soon - RMAFC

    The outgoing chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) Mr. Elias Mbam, Monday revealed that the allowances of political office holders, particularly ministers, will be slashed as part of the government’s effort to reduce the cost of governance. He also...