Business/Economy

Commissioning of Dakkada Tower: Osinbajo says Buhari regime spent N8.9 trillion on infrastructure in 2020 alone

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Commissioning of Dakkada Tower: Osinbajo says Buhari regime spent N8.9 trillion on infrastructure in 2020 alone “As of last year, we expended over N8.9 trillion on infrastructure development despite the severe economic meltdown in the country,” said the vice president. Vice President Yemi Osinbajo says President Muhammadu Buhari’s regime has spent N8.9 trillion on infrastructural … [Read more…]

VAT War: Kano lawmakers want tax chief sacked over poor revenue

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VAT War: Kano lawmakers want tax chief sacked over poor revenue Amid the VAT war pitting Rivers and Lagos against the federal government, the Kano State House of Assembly has issued a 48-hour ultimatum to Governor Abdullahi Ganduje to sack Abdulrazak Salihi, the chairman of the state’s internal revenue service. Hamisu Chidari, the assembly speaker, … [Read more…]

VAT: Despite Appeal Court ruling, Wike inaugurates new tax commission

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VAT: Despite Appeal Court ruling, Wike inaugurates new tax commission Rivers Governor Nyesom Wike on Friday inaugurated the state’s Tax Appeal Commission shortly after the Abuja Division of the Court of Appeal ordered maintenance of status quo in the collection of value added tax by state governments. The commission inaugurated by Mr Wike is saddled … [Read more…]

The Entrepreneur: Seven small buisness to start which can yield an appreciable return on investment (ROI)

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    Amidst the so-called “harsh economy” which has necessitated a poor living condition for most Nigerians, suffice to say that there are still small businesses which can yield an appreciable return on investment (ROI) when viewed against the backdrop of lucrative startups in the country. However, in the day-to-day running of business, players in … [Read more…]

CBN: $110m weekly Forex sales to Bureau De Change Operators stops on grounds of corruption, illicit profit and Money Laundering

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  The Central Bank of Nigeria CBN Governor, Mr Godwin Emefiele, Tuesday disclosed that the $110million weekly allocation and sale of foreign exchange to Bureau De Change (BDC) operators in the country has stopped. The Governor, who made the disclosure at a media briefing shortly after the July Monetary Policy Committee (MPC) meeting of the … [Read more…]

OKOWA: DELTA STATE GOVERNOR PLANS TO REDUCE UNEMPLOYMENT THROUGH TOURISM DEVELOPMENT

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  By Magnus Emuji       Delta State Governor, Senator Ifeanyi Okowa, has underscored the importance of tourism development towards reducing unemployment in any society.   Okowa stated this in Asaba in a keynote address during the launching of Senior Secondary Tourism Books for written by the Chairman of the Board of Directors in … [Read more…]

Reps issue bench warrant on Emefiele and 53 others for violation of FRC

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  A report by a committee of the House of Representatives has recommended the arrest of the Central Bank of Nigeria (CBN) Governor Godwin Emiefele, Nigeria National Petroleum Corporation (NNPC) Group Managing Director Mele Kyari and 52 other heads of government agencies for gross violation of the provisions of the Financial Regulatory Council on rendition … [Read more…]

Nigeria’s plan to boost non oil exports

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  Nigerians are leveraging the recently launched Economic Community of West African States (ECOWAS) Trade Promotion Organizations (TPOs) to draw from the N50 billion Export Expansion Facility Programme (EEFP) aimed at increasing the volume of non-oil trade within the region.     The Executive Director of the Nigerian Export Promotion Council (NEPC), Mr. Segun Awolowo, … [Read more…]