VAT
Congo to suspend value-added tax exemption for mining imports
Democratic Republic of Congo’s government has decided to suspend the value-added tax (VAT) exemption on mining companies’ imports in an effort to bolster state revenue, the budget minister said.
FIFA says no reason for Swiss authorities to investigate Gianni Infantino
Global soccer body FIFA has said there is no reason for Swiss authorities to launch criminal proceedings against its president Gianni Infantino who will continue in his role as normal.
UK court declares Nigerian fraudster deportation illegal, orders for his return
A United Kingdom court has ordered the UK Home Office to pay for and facilitate the return of a Nigerian man deported to Nigeria in March 2018.
AGF queries NDDC over non-payment of over N70 billion unremitted tax, revenue
The last is yet to be heard about the entrenched corruption in the Niger Delta Development Commission (NDDC) as the office of the Auditor General of the Federation (oAuGF) queried the Commission over N70 billion and secrecy shrouded in the multi-million dollar revenues paid by oil firms into the coffers of the Commission since inception.
Nigerian government approves N283.26 billion, $18.12 million for Customs boats, scanners
The Federal Executive Council on Wednesday approved two contracts totalling N283.255bn and a foreign component of $18.12m.
Senator Ngige: Suspended NSITF chief awarded N4.448 billion contracts in one day
The Minister for Labour and Employment, Senator Chris Ngige, on Tuesday, shocked the members of the House of Representatives Ad-hoc Committee investigating the Nigeria Social Insurance Trust Fund (NSITF) when he alleged that the suspended MD awarded about 332 different contracts worth about N4.448 billion in one day.
Federal, states, local governments share N651 billion revenue
The Federation Account Allocation Committee (FAAC) at the weekend shared a total of N651.184 billion as June 2020 allocation among the federal, states, local governments, and relevant agencies in the country.
President Buhari, APC killing Nigerians with taxes – PDP chairman
National chairman of the Peoples Democratic Party, PDP, Prince Uche Secondus, has chided President Muhammadu Buhari and the All Progressives Congress, APC, for what he called the overburdening of Nigerians with taxes and tariffs since assuming office in 2015.
Kogi gets N6.6 billion allocation for June
A total N6,609,759,939 is the amount that accrued to Kogi State from the Federation Account for the month of June, 2020. This amount is made up of N3.6 billion allocated to the State Government and N2.9 billion allocated to the 21 Local Government Areas in the state.
Federal, states, local governments share N547.3 billion for May
The Federation Account Allocation Committee (FAAC) Wednesday shared N547.309 billion among the three tiers of government as allocation for May 2020.
Senate asks federal government to expedite actions on completion of Ajaokuta steel plant
The Senate Tuesday asked the Federal Government to as a matter of urgency, expedite action towards the completion of the Ajaokuta steel plant.
Kogi governor speaks on May salary payment for workers
Governor Yahaya Bello of Kogi State has assured workers that they will get their May salary before the Eid-el Fitri celebration.
Federal, states, local government share N606 billion for April
Details of the allocation were contained in a Secretariat report released by the Office of the Accountant-General of the Federation at the end of the online meeting of the Federation Accounts Allocation Committee (FAAC) in Abuja.
MultiChoice: We’re implementing new VAT rate, not raising prices
Pay television company, Multichoice Nigeria, has dismissed reports that it is set to increase subscription rates for its DStv and GOtv packages from June 1.
Saudi Arabia increases VAT by 200%
Saudi Arabia will increase its value-added tax (VAT) from five to 15 per cent in July, as part of moves to support the economy amid the novel Coronavirus pandemic, the Finance Ministry said on Monday.
Lagos chamber educates private sector on post coronavirus economy
The Lagos Chamber of Commerce and Industry (LCCI) has advised organised private sector to leverage creativity and innovation to rebuild a competitive economy post-COVID-19.
PDP reacts to President Buhari’s appointment as ECOWAS coronavirus response champion
The Peoples Democratic Party (PDP) has advised President Muhammadu Buhari to use his appointment as the ECOWAS COVID-19 Response Champion to step up actions and measures against spread of the pandemic in Nigeria.
FAAC admits error, says N661.4 billion shared in March, not N780.9 billion
The Federation Account Allocation Committee, FAAC, has admitted error, saying N661.4 billion was shared among the three tiers of government for March, 2020 and not N780.9 billion earlier announced.
Recent Stories
FUTA suspends student who ‘hacked’ Premium Times website
The Federal University of Technology, Akure, (FUTA) has suspended a student, Mr Afolabi Emmanuel, for allegedly hacking the website of Premium Times, an online news publication.
Giuseppe Marotta: Inter set to announce Alexis Sanchez signing shortly
Inter CEO Giuseppe Marotta says that the club will announce on Thursday that a deal has been struck to sign Alexis Sanchez from Manchester United permanently.
Microsoft integrates Android apps into Windows 10
Microsoft is now allowing Windows 10 users to run Android apps side by side with Windows applications on a PC. It’s part of a new feature in Your Phone, and it builds upon the mirroring that Microsoft’s Your Phone app already provides. You can now access a list of Android apps in Microsoft’s Your Phone app and launch these mobile apps accordingly. These will run in a separate window outside of the Your Phone app, mirrored from your phone.
Borussia Dortmund deny Jadon Sancho transfer talks with Manchester United
Borussia Dortmund have denied holding any transfer talks with Manchester United over Jadon Sancho, casting further doubt on a move back to England for the star winger.
Benue governor denies leaving PDP
Benue State Governor Samuel Ortom has denied claims that he would decamp from the People’s Democratic Party (PDP) to All Progressives Congress (APC) or any other political party.
Most Popular
ByteDance ‘reaches’ deal to sell TikTok American operations
TikTok parent company ByteDance has reportedly agreed to sell its American operations to prevent the Trump administration from banning it in the US, according to Reuters.
NBA election: My disqualification was wrong – Adesina Ogunlana
An ex-Chairman of the Ikeja Branch of the Nigerian Bar Association (NBA), Mr Adesina Ogunlana, has said that he was wrongly barred from contesting the association’s national elections which held on Wednesday and yesterday.
NUC: 32 universities involved in research to tackle impacts of coronavirus
The Executive Secretary, National Universities Commission (NUC), Prof. Abubakar Rasheed, says 32 federal, state and private universities across all geopolitical zones are involved in different stages of research toward tackling direct and collateral impacts of COVID-19.
Emeka Ihedioha: PDP remains choice of Imo people
Former Governor of Imo State, Rt. Hon. Emeka Ihedioha CON has stated that the Peoples Democratic Party, PDP, remains the choice political party of the people of Imo State, expressing hope that the party will win subsequent elections in the State.
Turkish giants Besiktas agree fee for Chuba Akpom
Turkish giants Besiktas has reached an agreement with PAOK to sign Nigerian striker Chuba Akpom for €2 million.