The Federal Inland Revenue Service (FIRS) and the National Lottery Regulatory Commission (NLRC) have commenced process to automate the collection of Value Added Tax (VAT) on lottery and gaming businesses in Nigeria.
The World Bank has cut its growth forecast for Sub-Saharan Africa the year to 2.8 per cent from an initial 3.3 per cent, it said on Monday.
Capital Market: MTN listing, NNPC privatisation will spur more participation of investors – ex-minister
The proposed listing of MTN, privatisation of Nigeria National Petroleum Corporation, NNPC, and the remaining power sector privatisation will attract more participation of investors in the capital market and thus enhance financial inclusion in the country, former Minister of National Planning, Dr. Shamshudeen Usman, has said.
President Muhammadu Buhari has reiterated the Federal Government’s commitment to economic recovery and growth plan across the country.
Global growth in 2019 should be even slower than previously expected but a “precarious” rebound later this year is likely, the head of the International Monetary Fund said on Tuesday.
As operators in different sectors of the economy continue to advise the federal government against an upward review of the Value Added Tax (VAT), a Port Harcourt-based oil and gas business magnate, Mr Adamu Mutairu, has said a hike in the VAT will not only be counterproductive, but would further impoverish Nigerians, lead to an increase in the cost of goods and services and intensify inflationary pressure.
A notice by Minister of Budget and National Planning, Senator Udoma Udo Udoma and Executive Chairman of Federal Inland Revenue Service (FIRS) Mr. Babatunde Fowler of government’s intention to raise the rate of value added tax (VAT) before the end of 2019 is presently causing ripples among various categories of Nigerians.
The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, Thursday projected that the Nigerian economy would grow by three per cent in 2019, higher than the 1.93 per cent it achieved in 2018.
The National Bureau of Statistics on Friday released the Consumer Price Index which measures inflation with the index dropping from 11.37 per cent in January to 11.31 per cent in February.
Chevron Nigeria Limited (CNL), operator of the CNL and the Nigerian National Petroleum Corporation (NNPC) joint venture, on Wednesday, signed a Gas Sale and Aggregation Agreement (GSAA) with Dangote Fertiliser Limited (DFL) and Gas Aggregation Company of Nigeria Limited (GACN) as the ‘aggregator’.
For Nigeria to effectively diversify its economy, the country must accelerate the rise of adult literacy, aiming for at least 80 per cent as soon as possible.
The Lagos Chamber of Commerce and Industry has urged the Federal Government to further liberalise Nigeria’s visa policy to attract more foreign investment to the country.
Tony Elumelu, chairman of Heirs Holdings, says access to electricity is critical to growing Nigeria’s economy.
The Federal Inland Revenue Service on Thursday disclosed that the non-oil sector contributed about 54 per cent of the N5.32 trillion revenue it generated in 2018.
Kalidou Koulibaly has reiterated his desire to remain with Serie A side Napoli beyond the end of the 2018-19 season amid reported interests from several European heavyweights.
The Ministry of Labour and Employment has accused the Nigeria Labour Congress (NLC) of disrupting the inauguration of the new board of the Nigeria Social Insurance Trust Fund (NSITF).
Former Senate Minority leader, Godswill Obot Akpabio, has denied allegations that he called the All Progressives Congress (APC) evil and was considering returning to the Peoples Democratic Party (PDP).
Chelsea beat Slavia Prague 4-3 in a thrilling encounter to book their place in the Europa League semi-finals despite an alarmingly complacent second-half performance at Stamford Bridge on Thursday.
The Federal Government has 58 ongoing road and bridge projects in the South East, Minister of State for Power, Works and Housing, Alhaji Mustapha Shehuri, has said.
An Upper Area Court I sitting in Kasuwan Nama, Jos, on Tuesday sentenced a student, Hamisu Abubakar, to two years in prison for stealing a wireless microphone from a Mountain of Fire and Miracles Church.
The births of nearly 230 million children under the age of five worldwide have never been officially recorded, says UNICEF. The Agency said only 30 per cent of births of Nigerian children below five had so far been registered.
Osun State citizens travelling home for Easter celebration will have the opportunity of free train transportation from Lagos to Osogbo, the state capital.
The Rotary International yesterday donated $5.7 million to aid the fight against polio in Nigeria. The donation was handed over to UNICEF Country Representative in Nigeria, Dr. Pernille Ironside.
The European Union’s bid to overhaul its two-decade-old copyright rules cleared its final hurdle on Monday as EU governments backed the move forcing Google to pay publishers for news snippets and Facebook to filter out protected content.