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President Muhammadu Buhari has asked the National Assembly to exempt animal feed from the list of items that would attract payment of the Value Added Tax.
The International Monetary Fund (IMF) has decried the slow pace of economic recovery in Nigeria, warning its declining real incomes and weak investment have continue to weigh in on economic activity.
As implementation of the 7.5 per cent VAT, which was increased from 5 per cent, becomes effective yesterday, February 1, 2020, telecoms subscribers have started paying for data and calls accordingly.
The Minister of Finance, Budget and National Planning, Mrs Zainab Usman, disclosed in Abuja that the implementation of Value Added Tax (VAT) new rate of 7.5 per cent will commence on February 1, 2020, after all the necessary administrative procedures have been completed, especially the gazette of the Act by the Federal Ministry of Justice.
President Muhammadu Buhari on Monday signed into law the Finance Bill 2019 (now Finance Act), which among other objectives, seeks to increase government revenue while supporting struggling small businesses in Africa’s largest economy.
The Nigerian Stock Exchange (NSE) has expressed optimism that the current recovery at the stock market will be sustained. Its optimism is based on the improved macroeconomic conditions and favourable global economic outlook.
The increase of the Value Added Tax (VAT) rate from 5 per cent to 7.5 per cent has taken effect following the signing into law the Finance Bill, 2019, by President Muhammadu Buhari on Monday.
The Finance Bill 2019, when signed into law, will ensure that small businesses with turnover less than N25m will be exempted from Companies Income Tax.
Chairman, Senate Committee on Finance, Sen Olamilekan Adeola, on Thursday said the plan by the Federal Government to borrow about 30 billion dollars was a necessary step to catalyse development.
In the last couple of weeks, the economic and political news coming out of Nigeria has not been positive. It has been about doing things the wrong way, lack of due process, desecration of the rule of law, outright impunity for violators of rights and economic policies that have attracted negative ratings
The federal government has so far released more than 56 per cent of the approved expenditure for capital projects in the approved 2019 budget, Minister of Finance, Budget and National Planning, Zainab Ahmed, has said.
The Federal Government has achieved 50 percent budget performance in 2019 with the release of N1.2 trillion capital expenditure.
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A foundation member of the All Progressives Congress and immediate past Minister of Agriculture, Chief Audu Ogbeh, has said the crisis which hit the party began when those who played no role either in its formation or in electioneering leading up to its historic 2015 victory took charge of affairs.
On Friday, Liverpool finally announced what many consider the signing of the summer, landing midfielder Thiago Alcantara from Bayern Munich.
According to Fussball Transfers, Everton and Leicester City are interested in signing Ivan Perisic from Inter Milan in the summer transfer window.
The Kaduna State Government said on Friday that it would revive guidance and counselling unit in public Secondary Schools in the state.
Akwa Ibom State Government has fixed September 21 2020 for the commencement of processes for the resumption of academic activities in the state-owned university, college of education and public primary schools.
Ahead of Saturday’s governorship election in Edo State, the Peoples Democratic Party, PDP, has raised an alarm over the All Progressives Congress, APC, alleged plot to rig the poll.
Lucy, an evicted Big Brother Naija, season 5 housemate, has apologized to Erica and viewers for saying that Nengi stood a higher chance of winning Kiddwaya’s love than Erica.
Members of various workers’ unions across the tertiary institutions in Lagos State including the Lagos State Polytechnic (LASPOTECH), Lagos State University (LASU), Adeniran Ogunsanya College of Education (AOCOED), Michael Otedola College of Primary Education (MOCPED), among others, on Monday disrupted resumption activities on the various campuses.
Tiger Woods hopes to snap his run of lacklustre performances at the U.S. Open this week, nearly a year after his last PGA Tour victory.
An Iyaganku Chief Magistrates’ Court in Ibadan on Friday remanded a sexagenarian, Abiodun Omokhunu, 60, at State Criminal Investigation and Intelligence Department (CIID) for allegedly raping his daughter.