Civil Society Organizations (CSOs), under the auspices of The Tax Justice and Governance Platform, (TJGP) have called on the federal government to concentrate more efforts on ensuring the proper collection of appropriate taxes than increasing the Valued Added Tax.
Some financial experts on Thursday said that Value Added Tax (VAT) increment by the Federal Government would further dampen purchasing power of Nigerians.
The Nigeria Employers’ Consultative Association has said the implementation of the 7.2 per cent Value Added Tax approved by the Federal Executive Council will make nonsense of the recent increase in minimum wage.
Ocean Marine Solutions (OMS) Ltd has restated its commitment toward effective securing and retrofitting of Oil Mining Lease 40 (OML 40) facility from Opuama to Otumara.
Nigeria’s continued neglect of its agriculture sector is costing a loss of about $10 billion to its economy every year, the World Bank has said.
The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) said the Federal Inland Revenue Service (FIRS) contributed 59.7 per cent of revenues in the Federation Account in the last three months.
The President and Chairman of Council, Chartered Institute of Bankers of Nigeria, Dr. Uche Olowu, has said the failure of perpetual borrowers to repay bank loans is hurting the nation’s economy.
Nigeria’s Gross Domestic Product (GDP) growth rate dropped to 1.94 per cent (year on year) in real terms in the second quarter of the year (Q2 2019) compared to 2.10 per cent in the preceding quarter, according to the National Bureau of Statistics (NBS).
South Africa’s rand traded sideways on Monday, with investors holding fire ahead of second quarter economic growth figures that could help gauge the future direction for the currency.
The African Development Bank (AfDB) says African countries import nearly 50 billion dollars net of food annually.
Minister of Finance, Zainab Ahmed, has warned that the Nigerian economy could go into fiscal crisis if the country fails to increase its revenue.
The Surulere Police Station on Wednesday received an information that one Kehinde Muse, 25, of No 56, Modele Street drank a substance suspected to be sniper.
Following the suspension of Mrs Winfred Oyo-Ita, by President Muhammadu Buhari, Dr Folashade Yemi-Esan, on Thursday assumed duty as Acting Head of Civil Service of the Federation.
The police in Ogun State have arrested a 43-year-old man, Oluwole Bamidele, for allegedly raping a six-year-old daughter of his neighbour.
Members of the Board of Trustees, BOT, of the Peoples Democratic Party, PDP, on Thursday publicly disagreed over the report of the committee set up to look into the circumstances that led to the emergence of Hon. Ndudi Elumelu, as the Minority Leader of the House of Representatives against the directive of the party.
Sheikh Ahmad Gumi, Islamic cleric, says former President Goodluck Jonathan and President Muhammadu Buhari both lack education on how to lead Nigeria.
The Secretary to the Kogi State Government (SSG), Mrs Folashade Ayoade-Arike, on Monday entered the witness box to testify at the panel hearing investigating allegations of gross misconduct against the deputy governor of the state, Elder Simon Achuba.
The Inspector General of Police Abubakar Mohammed Adamu has expressed preference for the adoption of community police as against the clamour for state police.
The Proscribed Indigenous People of Biafra, IPOB, Saturday observed a minute silence in honor of their members who died in their quest for a sovereign state.g
Tunisians began casting votes in an unpredictable presidential election on Sunday, where there is no overwhelming front-runner, with the young democracy’s economic ills dominating the agenda, Reuters reported.
Algerian authorities have arrested Fodil Boumala, a prominent opposition activist and anti-government protester, fellow activists and a lawyer said on Thursday.