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Turkish Airlines surpasses $1 billion profit mark in 9 months

Despite the increasing fuel prices due to its increasing demand and unit revenues, Turkish Airlines posted profit from main operations of USD 1 billion 149 million, in the first 9 months of 2018.
MUHAMMADU BUHARI 4

Executive Order: Muhammadu Buhari tightens tax, money laundering rules

The Muhammadu Buhari administration is stepping up the regulations on money laundering and tax evasion by releasing a new Executive Order number eight, tagged Voluntary Offshore Assets Regularization Scheme (VOARS).
President Buhari receives in Courtesy visit H.E. Thabo Mbeki Chairperson AU High Level Panel on Illicit Financial Flows from Africa in State House on 4th Oct 2018 1

Thabo Mbeki: Africa loses $80 billion to illicit financial outflow

Chairman, African Union High Level Panel on Illicit Financial Flow (IFF) from Africa, Mr. Thabo Mbeki, yesterday lamented that the continent loses about $80 billion annually to illicit financial out-flows and called for a united response to put an end to it.

Keystone Bank sued for alleged non-remittance of $17 million to TSA

An Abuja-based lawyer, Johnmary Jideobi, has sued Keystone Bank for alleged violation of the Treasury Single Account (TSA) policy.
Forbes

Forbes ranks Rwanda, South Africa over Nigeria on ‘investor protection’

The report said in the period under review, Nigeria experienced positive economic growth driven by its agriculture, telecommunications and services sector.

NECA urges federal government to compel banks to stop stamp duty deductions

The Nigeria Employers’ Consultative Association (NECA) has again called on the Federal Government to compel commercial banks to discontinue the deduction of N50 as stamp duties from the accounts of customers.
Nana Addo Dankwa Akufo-Addo is a Ghanaian politician currently the President of Ghana, in office since January 2017.

Ghana introduces tax on luxury vehicles

Ghana has imposed introduced a tax on luxury vehicles and the collection of the taxes would commence on Wednesday, (today), August 1.

Ekiti guber: Don’t compromise INEC officials – Kayode Fayemi warns Ayo Fayose

The Kayode Fayemi Campaign Organisation has warned Governor Ayodele Fayose against bringing adhoc staff of the Independent National Electoral Commission into a rigging plot aimed at undermining the integrity of the July 14 governorship poll in Ekiti State.
Chairman, Enugu State Internal Revenue Service, Mr. Emeka Odo

Enugu government abolishes property, tenement rates

In a bid to streamline taxes and encourage investment, the Enugu State Government has declared property and tenement rates illegal.

Ugandan civic groups file suit challenging social media tax

Ugandans pay 200 shillings (0.0517 dollars) per day to access Facebook, Twitter, WhatsApp, YouTube, Skype and other phone apps under the tax introduced on Sunday.

Ekiti guber: Ex-Minister Fayemi slams Governor Fayose for not disclosing IGR in 4 years

The All Progressives Congress (APC) governorship candidate in Ekiti State, Dr. Kayode Fayemi, on Monday accused the administration of Gov. Ayo Fayose of inflicting untold hardship on the people in the last four years.

Official: NIPC is determined to attract more investors to boost economy

The Nigerian Investment Promotion Commission says the commission has taken some proactive steps to attract more investors into the country in spite of some challenges.

Alcohol manufacturers reject 500% excise duty hike

The Distillers and Blenders Association of Nigeria (DIBAN) says it rejects the new ”astronomical increase” in excise duty being imposed on domestic wines and spirits.

Vice President Osinbajo: Some states will collapse without federal allocations

Vice President Yemi Osinbajo, on Thursday, said many states in Nigeria would collapse if they were denied allocations from the federation accounts for a single month.

Kaduna health workers join JOHESU strike

The Kaduna state chapter of the Joint Health Sector Unions (JOHESU) has directed its members to join the ongoing strike.

MAN: Multiple taxation affects ease-of-doing-business in mining

The Miners Association of Nigeria (MAN) said multiple taxation levied against mining investors could be an impediment to the success of ‘Ease-of-Doing-Business’ in the sector.

Vice President Osinbajo: Number of tax compliant Nigerians now 19 million

Vice President Yemi Osinbajo says the number of tax compliant Nigerians has increased by five million to stand at 19 million from the 14 million earlier recorded.

Lagos government receives $43 billion investment proposals in three years

The Lagos State Government on Thursday said the state received over $43 billion worth of investment proposals in the last three years.

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Juliet Ibekaku-Nwagwu: APC is now united in Enugu

Mrs Juliet Ibekaku-Nwagwu, the All Progressives Congress (APC) candidate for Enugu West senatorial Zone, says the party is no longer factionalised in the state.
Adams Oshiomhole, national chairman of the All Progressives Congress (APC), caused quite a stir when he made an appearance at the book launch of ex-president Goodluck Jonathan.

Adams Oshiomhole causes stir at Goodluck Jonathan’s book launch

Adams Oshiomhole, national chairman of the All Progressives Congress (APC), caused quite a stir when he made an appearance at the book launch of ex-president Goodluck Jonathan.

Philippe Coutinho set for Barcelona return

Barcelona forward Philippe Coutinho has returned to training ahead of this weekend’s La Liga match against Atletico Madrid after missing two weeks with a thigh problem, the club announced on Tuesday.
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Spain FA chief thanks country’s premier for World Cup plan backing

The president of the Royal Spanish Football Federation (RFEF) has thanked the country's Prime Minister, Pedro Sanchez, for his backing of a joint bid to host the 2030 World Cup.

Christian Chukwu: Include more home-based Super Eagles players in AFCON team

Christian Chukwu, former Super Eagles coach, has restated his call for the massive inclusion of home-based players in the Super Eagles, especially now that the country has qualified for the 2019 Africa Cup of Nations.