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.
Petitioners’ Witness 60, Joseph Gbenga, called by Peoples Democratic Party and its presidential candidate, Alhaji Atiku Abubakar, as an expert witness admitted before the Presidential Election Petitioner Tribunal, on Friday, that he had not been certified.
The Presidency has enjoined El-Zakzaky-led Shiite members to desist from needless violent street protests and await the decision of the court in Kaduna where their leader is currently being tried.
Gov. Aminu Masari of Katsina State says, for dialogue and amnesty programme for cattle rustlers and bandits in the Northwest to succeed, it must involve all state governments in the zone.
A 47-year-old tailor, Popoola Abolade, was on Friday brought before a Yaba Magistrates’ Court in Lagos, for allegedly defrauding a company of N1.48 million.
The All Progressives Congress (APC) stakeholders Kogi State chapter, have taken legal action against the party’s National Working Committee (NWC) over the indirect mode of primaries adopted by the national leadership for the election of candidates for the November 16 Kogi State governorship poll.
The Blues will resume their pre-season training in Japan where they will take on J-League Champions Kawasaki Frontale (Friday) and then against Barcelona (next Tuesday).
Flash flooding and landslides caused by heavy rain have claimed at least 24 in Pakistan administered Kashmir on Monday, officials said.
An Ile-Ife Magistrates’ Court in Osun on Monday ordered that a 26-year-old man, Abibu Babatunde, who allegedly raped his 14-year-old niece be remanded in prison.
It seems Juventus are just days away from clinching what would be one of the signings of the summer in Matthijs de Ligt.
Former Minister of Aviation, Femi Fani-Kayode, has cautioned Miyetti Allah Kautal Hore over its call for the arrest of former President Olusegun Obasanjo.