CBN Introduces New Charges On Deposit/Withdrawal On Individual Account

The Central Bank of Nigeria (CBN) has said that effective from 18th September 2019 cash deposits and withdrawals from individual bank account henceforth will attract extra charges.

Labour Opposes New VAT Regime, Says It Will Weaken Purchasing Power, Worsen Poverty

Organised Labour on Friday rejected government's planned increase in Value Added Tax, VAT, from 5 % to 7.2 %, describing the move as anti-people and anti-development.

CBN Moves Monetary Policy Meeting Forward

The Central Bank of Nigeria (CBN) has rescheduled the Monetary Policy Committee (MPC) meeting for the month of September.

PDP Kicks Against Decision To Increase VAT From 5% To 7.2%

The People’s Democratic Party (PDP) on Friday kicked against President Muhammadu Buhari’s decision to increase the Value Added Tax (VAT) from 5% to 7.2%, saying Nigerians cannot bear such burden under the prevailing economic situation.

Senate Speaks On Buhari's New Economic Team

The Chief Whip of the Senate, Dr. Orji Kalu, has commended the decision of President Muhammadu Buhari’s to constitute a new Economic Advisory Council (EAC) to advise him on how to manage the country's economy.

FG Reiterates Plans To Lift 100m Nigerians Out Of Poverty

The Federal Government on Friday reiterated its plans to lift about 100 million Nigerians out of poverty in the next ten years.

Minimum Wage: Labour Set To Embark On Strike As Negotiation With FG Collapses Again

Organized Labour are perfecting plans to embark on a nationwide strike over the delayed implementation of the N30,000 new national minimum wage as meeting between the Federal Government and the Joint Public Sector Negotiating Council again ended in deadlock on Monday.

Group Kick As FG Mulls Implementing 7.2% VAT

A group under the banner of the Nigerian Consultative Employers Association (NECA) has kicked against the implementation of the 7.2 percent of the Value Added Tax (VAT) approved by the Federal Executive Council (FEC) saying it will render the implementation of the National Minimum wage ineffective.

National Assembly Blows Hot, Warns Ministers, Heads Of Agencies

The National Assembly has warned all the revenue-generating federal ministries, departments, and agencies (MDAs) engaging in the diversion of revenues to desist from the act or face severe sanction.

Stock Market Gains N52b As Buhari Wins Tribunal Judgement

Nigeria’s stock market on Wednesday closed at 0.39 per cent higher, following two consecutive losses in the week as profits were recorded by investors’ activities, Business Post reports.