Senate Propose 9% Communication Service Tax Instead Of VAT Increase

The Senate has yesterday revealed plans to introduce a 9% communication service tax instead of the 2.2 increase in the Value added tax (VAT) being proposed by the federal government recently.

We Are Not Recruiting, FRSC Tells Nigerians

The Federal Road Safety Corps, FRSC says the corps is not recruiting or carrying out any replacement exercise contrary to media speculation.
The clarification was disclosed in a statement issued on Wednesday by Corps Public Education Officer, Bisi Kazeem.

FG To Returns Toll Gates On Federal Roads

The Federal Government on Wednesday, 2nd October 2019 revealed that plans were at an advanced stage to return toll gate on federal highways. The Minister of Works and Housing, Babatunde Fashola (SAN) disclosed this while briefing State House Correspondents after the weekly Federal Executive Council (FEC), meeting presided over by President Muhammadu Buhari at the Council Chamber of the Presidential Villa, Abuja.

Nigeria Restates Commitment to Eradicating Poverty

Nigerian President, MuhammaduBuhari says reducing extreme poverty and hunger is one of the cardinal objectives of his administration. He stated this in New York, on Tuesday, at an event on the margins of the on-going 74th session of the United Nations General Assembly UNGA 74.

President Muhammadu Buhari on Tuesday explained why he recently constituted an Economic Advisory Council (EAC) to replace the Economic Management Team headed by the Vice President, Yemi Osinbajo. In his State of the Nation Address to commemorate the nation's 59th independence anniversary, the President said the purpose of the council was to advise him on inclusive and sustainable macroeconomic, fiscal and monetary policies.

N/Delta: Contractors Indict NDDC Over Projects

There are reports that Contractors handling projects in Niger Delta on Monday accused the Niger Delta Development Commission of engaging in sharp practices.

Nigeria, Saudi Arabia & China Listed Among Top 20 Nations To Do Business In For 2020

The World Bank has listed Nigeria as one of the top-20 improved countries to do business in out of 190 countries. Stating that the Presidential Enabling Business Environment Council (PEBEC) and the automation of the Corporate Affairs Commission (CAC) coupled with business conditions in commercial cities of Lagos and Kano played a key role in getting the Nation listed.

Money Laundering: CBN Sanctions Banks

Nigeria's apex bank and the Financial Reporting Council of Nigeria have sanctioned four (4) commercial banks for various infractions. It was learnt that the Central Bank of Nigeria (CBN) imposed a number of sanctions on the banks for failure to comply with its Know-Your-Customers guidelines and anti-money laundering requirements.

NNPC Signs Deal Wth NAOC

The Nigerian National Petroleum Corporation (NNPC) has signed a novation agreement with Nigerian Agip Oil Company (NAOC) on four Oil Mining lease (OMLs) namely; 60, 61, 62 and 63.

Federal Government Commences Payment Of Minimum Wage

Respite may have come the way of low-income earners as the Federal Government disclosed that it has commenced payment of the new national minimum wage to persons within grade levels 01 – 06.