A bill to empower Ogun State Government to collect Value Added Tax on certain goods and services within its shores on Tuesday scaled second reading at Ogun State House of Assembly. Clerk of the Assembly, Mr Deji…
The Twitter ban in Nigeria has extended to 100 days, and in that time frame, the nation has lost N247.61bn. The Federal Government had on June 4 suspended Twitter after the social media platform deleted a tweet by…
Lagos Governor Babajide Sanwo-Olu has signed the State Value Added Tax (VAT) Bill into law. The House of Assembly yesterday sent a copy of the bill for Governor Sanwo-Olu’s assent after passing the bill. The Governor…
Following a recent order by the federal high court in Port Harcourt issuing an order restraining the FIRS from collecting VAT and personal income tax (PIT) in Rivers state, the Appeal Court sitting in Abuja has ordered…
The Kogi State government has said it will not involve itself in the pursuit to retain the Value Added Tax as embarked on by the governments of Lagos and Rivers. The Governor of Rivers State, Nyesom Wike, had signed a…
The Nigerian naira has continued its downward spiral as it trades at N540 to a dollar at the parallel market on Thursday. The drop comes barely a week after it traded at N530 against the American currency. The exchange…
The Muhammadu Buhari administration has approved the setting up of integrated farm estates in all the senatorial districts across the country. Executive Secretary of the National Agricultural Land Development Authority…
The Nigerian National Petroleum Corporation earned revenue of N4.61tn and spent N4.52tn in 2020, according to a report released on Friday. The report, titled ‘2020 NNPC Annual Performance Review’, was developed by…
Data from a recent investigation by the Economic and Financial Crimes Commission has listed nine areas in Lagos State as hotbeds for suspected internet fraudsters. Most of the areas are in Lekki, according to the data…
The Corporate Affairs Commission (CAC) says it has commenced the registration of two new forms of business registrations pursuant to CAMA, 2020. Garba Abubakar, CAC’s registrar-general, announced this in a statement…
The Federal Government procured the twelve new A-29 Super Tucano jets at a whopping $500 million, making it the highest single arms purchase in sub-Saharan Africa, the US Department of Defence has disclosed. Six of the…
President Muhammadu Buhari on Tuesday urged Nigerian graduates to apply for the Jubilee Fellows Programme. The programme, a Federal Government initiative in partnership with the United Nations Development Programme…
The Federal Government may sanction eligible Nigerians who refuse COVID-19 vaccination. The Executive Director of the National Primary Healthcare Development Agency, Faisal Shuaib, gave the hint at a press briefing in…
The Central Bank of Nigeria has directed all commercial banks to publish on their websites the names and Bank Verification Numbers of customers who engage in fraudulent and unscrupulous practices to obtain foreign…
The Nigeria Labour Congress (NLC) has urged the Federal Government not to increase the electricity tariff. The umbrella labour union said while many sectors, including Power, have been increasing tariffs, which have…
Following the move to curb insecurity in Ondo State as well as cases of farmers/herders clashes, Governor Oluwarotimi Akeredolu is set to sign the anti-open grazing bill into law. The move by the governor was a pointer…
Nigeria’s government approved major transport and energy investments, including a stake in a giant private refinery, that are expected to cost $15.4 billion. Ministers in the West African nation signed off Wednesday on…
The Federal Government has commenced the implementation of new rates for vehicle number plates and driving licence across the country. According to the Joint Tax Board, Nigerians will now pay N18,750 for standard…
Lai Mohammed, Minister of Information has said the National Youth Service Corps, NYSC is one of the two things responsible for the surge in COVID-19 cases in the country. The minister said those disobeying COVID-19…
Following the reaction from some Nigerians of the failure of the Central Bank of Nigeria (CBN) to sanction violators of the Nigeria’s currency, the Nigeria apex bank said it has no power to take such action. In July,…