The Federal Government has been urged to increase Value Added Tax (VAT) from 5 to 7.5 per cent to shore up the country’s revenue base. This call was made on Thursday in Kano by Mr. Shettima Gana, the Chairman, Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), at a two-day National Revenue Retreat. Explaining on new […]
The Naira on Wednesday dipped further against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. It lost 4 points to exchange at N357 to the dollar, from N353 it traded on Monday. The Nigerian currency also weakened further against the Pound Sterling and the Euro as it exchanged at N462 […]
The Accountant-General of the Federation, Mr Ahmed Idris, has said that his office was carrying out a forensic audit of federal government’s agencies to access true state of their revenue generation. This was contained in a statement made available to newsmen on Wednesday in Abuja by the Director of Press, office of the AGF, Mrs […]
First Bank of Nigeria has won “The Best Retail Bank in Nigeria Award” for the fifth time, the “Mobile Payment Product of the Year award” and the “Credit Card Product of the Year award” in the 2016 Asian Banker Retail Services West African Awards which took place in Lagos, last week. Organized by the Asian […]
The Nigerian Civil Aviation Authority (NCAA) says all airlines’ tariffs for services rendered, which include fares, rates, add-on charges or terms and condition of service, have been fully liberalised. This is contained in a statement by the General Manager, Public Relations of NCAA, Mr Sam Adurogboye, which was obtained by the News Agency of Nigeria […]
The Nigerian print media experienced a short fall from advertising revenue in 2015 compared to 2014. In 2015, the print media attracted a total of N23.7 billion revenue as against N25.8 billion the previous year, representing a drop of N2.1 billion. MediaReach OMD, a specialist media company that provides media planning, buying, control and inventory […]
By Amechi Obiakpu Speaker of the House of Assembly, Rt. Hon. Yakubu Dogara, has said that for investors confidence to be restored in the Nigerian Stock Exchange (NSE) adequate sanctions must be seen to be meted on defaulters. Dogara said that if the nation wants to see its stock exchange thrive, managers of the exchange […]
President of Dangote Group, Aliko Dangote, has urged Nigerians to remain hopeful, assuring that there will be light at the end of the tunnel with efforts being made by the Federal Government to develop other sectors of the economy long neglected in favour of oil. The business mogul gave the advice while speaking with a […]
The French Development Agency (AFD) has granted a $50 million loan to the Enugu State government for water projects in the state. Mr. Charles Egumgbe, commissioner for Water Resources, made this known in an interview with journalists in Enugu on Thursday. Egumgbe explained that the loan would be repayable at an interest rate of 2.2 […]
BlackBerry Ltd said on Tuesday it will stop making its Classic model, raising further doubts about the future of the smartphone pioneer’s money-losing handset business as the company shifts its focus to software. BlackBerry’s stock fell more than 4 percent after an executive confirmed the move in a blog post. BlackBerry launched the Classic less […]