Business

Centenary City, others get one year ultimatum to activate zones

Owners of the Centenary City Abuja, and those of the Abuja Technology Village, have been given a year within which to take-off implementation of their centres or stand the risk of having their licenses revoked.

This is as the Nigeria Exports Processing Zones Authority, NEPZA, said it will be re [...]

Fri, 13 September 2019


5.4mn Nigerians listed for social intervention schemes

A total of 5,483,531 Nigerians have so far been captured in the various social investment programmes of the federal government.

According to the National Social Investment Office, the current administration has captured 1,349,517 poor and vulnerable households, comprising 5,483,531 indi [...]

Fri, 13 September 2019


Northern govs adopt FG’s Livestock Transformation plan

The Northern Governors Forum (NGF), last Thursday, said it has decided to adopt a holistic approach toward tackling some challenges in the region.

The forum chairman, who is also the Governor of Plateau, Simon Lalong, stated this at the end of the NGF emergency meeting in Kaduna.

“ [...]

Fri, 13 September 2019


Ignore non e-payment instructions, CBN orders banks

All banks operating in the country have been asked to dishonour payment instructions issued by organisations on salaries, pensions, suppliers and taxes not transmitted on electronic payment and collection platform approved by the Central bank of Nigeria.

This was contained in the revised 2019 r [...]

Fri, 13 September 2019


Abuja residents kick against tax increase

Nigerians have continued to react to the recent decisions of the federal government to raise the Value Added Tax, VAT, to 7.2percent up from the current 5 percent.

Though government is yet to announce an effective date for the new rate, residents of the Federal Capital Territory say the plan is [...]

Fri, 13 September 2019


Fashola refutes contracts inflation claims by BPP

The Minister of Works and Housing, Babatunde Fashola, has disputed the recent claims of contract inflation levelled against his ministry by the Bureau of Public Procurement.

Bureau of Public Procurement had in its annual report for 2018, claim to have save the federal government the sum of N26b [...]

Fri, 13 September 2019


Firs under its tax substitution arrangement with banks.

The payment was received from 3,976 out of the 44, 293 non- compliant companies through its intensified efforts at recovering taxes from defaulters.

According to the Executive Chairman of FIRS, Babatunde Fowler, a total of 23,141 defaulters owe N254billion in tax liabilities.

Fowler who [...]

Fri, 13 September 2019


Telecom revenue rose by 15% in 1 year - NCC

The Nigerian Communications Commission, NCC, reports that revenue generated in the telecommunication section grew by 15percent in 2018, to hit N2.25trillion during the period.

A 2018 network/subscriber data from the commission shows that the revenue generated by telecom operators rose from N1. [...]

Sun, 08 September 2019


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Latest posts

PhotoStakeholders seek review of education curriculum for children

Stakeholders in the education sector in Nigeria have called on government to do more to ensure that the curriculum for children is reviewed to make [...]

16 September 2019

PhotoStakeholders seek review of education curriculum for children

Stakeholders in the education sector in Nigeria have called on government to do more to ensure that the curriculum for children is reviewed to make [...]

16 September 2019