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    Citing Recession, Change In Priority, Organisations Ditch Yuletide Decorations

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    The usual glamorous sight of beautiful and colourful decorations of buildings and offices by corporate organisations and government agencies during Christmas and New Year celebrations are missing this year across the country, due to economic challenges in the country and change in priority, among others, by organisations. In Abuja for instance, unlike previous years when…

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    FIRS Expands Tax Net With 3million New Taxpayers

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    Chairman of the Federal Inland Revenue Service (FIRS), Tunde Fowler said the number of taxpayers in the Nigerian tax database has been increased by 3 million additional taxpayers in the last few months. The new rate brings the official number of individuals and enterprises in the country to 13, 034,22 million from about 10 million…

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  • Assessing The Planned Increase In VAT

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    The burden of a possible VAT increment in Nigeria may be huge, but the benefits cannot be undermined. In this report, MARK ITSIBOR takes a look at the gains and losses of the proposed increase in the nation’s VAT rate. To stakeholders in the Nigerian communication industry, the plan by the authority to increase communication…

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    General Electric Plans N46.8bn Investment In Nigeria

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    United States industrial firm, General Electric (GE.N), yesterday announced its plans to invest $150 million (N46.8 billion) in some development projects in Nigeria by 2017. Chief executive of General Electric in Africa, Jay Ireland, told the FT Africa Summit in London that GE would also invest in oil and gas industry projects. Ireland said the…

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    PMB Commends Zuckerberg For Inspiring Nigerian Youths

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    …As Airtel, others congratulate winners of Aso Villa demo day President Muhammadu Buhari yesterday commended the Chief Executive Officer and Co-founder of social networking website, Facebook, Mark Zuckerberg for sharing his wealth of knowledge with Nigerian youths and inspiring a new generation of entrepreneurs. Receiving the internet entrepreneur at the Presidential Villa, Abuja, the president  …

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    Nigeria In Economic Recession, Says FG

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    The federal government yesterday admitted that the country’s economy was in full recession, having earlier said in July that what the country was experiencing was a technical recession. The confirmation by the federal government followed the release of data by the National Bureau of Statistics (NBS) on Wednesday, which revealed that Nigeria’s economy nose-dived again…

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    FAAC: FG Records N250.970bn Fall In Revenue

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    The Account Allocation Committee (FAAC) yesterday announced a revenue shortfall of N250.970billion to the federation account for the month of July 2016. The statutory revenue that accrued to the nation’s account dropped from the N538.788 billion received in June to N287.819 billion in July, representing 11 per cent decrease. Permanent secretary, federal ministry of finance,…

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