Ahmed Idris, the accountant-general of the federation, says the implementation of the finance bill has begun. One of the provisions included in the finance bill is the increment of the rate of value-added tax from […]
President of Dangote Group, Aliko Dangote has projected a turnover of $30 billion for his businesses in the next two years. He said though the company’s annual turnover is about $4 billion now, but with […]
President Muhammadu Buhari has reversed the suspension of Damilola Ogunbiyi as the managing director of the Rural Electrification Agency (REA). In December, Sale Mamman, minister of power, ordered the indefinite suspension of Ogunbiyi. He also ordered an […]
The electricity distribution companies (DisCos) say they will begin the implementation of a new tariff from April. The Nigerian Electricity Regulatory Commission (NERC) had announced a review of the multi-year tariff order (MYTO) 2015 and the minimum […]
The Nigeria Social Insurance Trust Fund (NSITF) paid out N825 million as compensation and rehabilitation to injured workers under its Employees Compensation Scheme (ECS) in 2019. Managing Director and Chief Executive of the Fund, Adebayo […]
The disposable incomes of Nigerian consumers will be squeezed by the proposed increase of Value Added Tax and electricity tariff this year, an economic and financial expert, Mr Bismarck Rewane, has said. Rewane, who is […]
…..Osun Speaker commends Gov for making history Governor Adegboyega Oyetola of The State of Osun has signed the year 2020 budget into law, just as he promised its full implementation. He signed the budget in […]
Muhammad Nami, the newly appointed executive chairman of the Federal Inland Revenue Service (FIRS), says revenue collection dwindled despite the engagement of consultants by Babatunde Folwer, his predecessor. In a yuletide letter to staff, […]
The Senate Committee on Banking, Insurance, and other Financial Institutions may have dropped the idea of breaking the monopoly of SystemSpecs Limited, which manages the Treasury Single Account of the Federal Government. The Senate panel […]
…Coy appoints Michel Puchercos as new GMD The Group Managing Director/CEO of Dangote Cement Plc, Engr. Joseph Makoju mni will retire as GMD/CEO effective January 31, 2020, a position he has held since 2018; according to […]
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