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FG refuses to approve proposed review of revenue, salaries formula

Daily Dispatch November 16, 2020

The Revenue Mobilisation, Allocation and Fiscal Commission plans to review the current revenue allocation formula with N830m, while a review of the remuneration packages for political, public and judicial holders will cost N470m. The Federal Government, however, refused to approve the proposal.

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I there is nothing wrong with social media bill – Ndume

Daily Dispatch November 16, 2020

Chairman of the Senate Committee on Army, Ali Ndume, says he sees nothing wrong with the proposed Social Media Bill. The Protection from Internet Falsehood and Manipulations Bill, also known as the Social Media Bill, was proposed by Mr Mohammed Sani Musa, who says its aim is to curb the spread of false news. The […]

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Lekki shooting: Sanwo-Olu invited military because police were overrun – Army General to Lagos panel

Daily Dispatch November 14, 2020

Brig. Gen. Ahmed Taiwo of the Nigerian Army has alleged that Governor Babajide Sanwo-Olu invited the military during the End SARS in Lagos to avoid total anarchy. Taiwo is the Commander, 81 Military Intelligence Brigade, Victoria Island. He spoke on Saturday when he appeared before the Lagos Judicial Panel on SARS. The panel is also […]

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Finance Bill: No plans to increase tax — Nami

Daily Dispatch November 14, 2020

The Federal Government has stated that no new taxes will be introduced, nor tax waivers granted under the 2020 Finance Bill. The FG said the tax stance was due to the effects of the pandemic on the economy. This was disclosed by the Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, and the […]

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Buhari assents to Banks, Financial Institutions Act 2020

Daily Dispatch November 13, 2020

President Muhammadu Buhari has assented to the Banks and Other Financial Institutions Act 2020. Garba Shehu, the presidential spokesman, made the announcement in a statement on Friday, The Act repeals the extant Banks and Other Financial Institutions Act 1991 as amended. The legislation is expected to enhance the resilience of the financial system for the […]

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IPMAN condemns increase in petrol pump price, urges FG to stay action

Daily Dispatch November 13, 2020

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has described the alleged increase of the ex-depot price of premium motor spirit from 147.67 to 155.75 without any consideration for the current economic and political situation of the country as uncalled for. IPMAN, therefore, appealed to the federal government to stay action on the implementation of […]