L-R: Professor Hafiz Abubakar, Deputy Governor, Kano State; Bongiwe Kunene, Executive Director at the Board of the World Bank representing Angola, Nigeria and South Africa; Mallam Adamu Adamu, Minister of Education; Rachid Benmessaoud, Country Director, World Bank Nigeria at the Launch of the World Development Report on Education in Abuja today
Author: brtnews
FG Identifies 130,000 Persons, Firms With Potential Tax Underpayments
The Federal Government today said that its tax data mining initiative through the Ministry of Finance was yielding desired results with the identification of a new batch of over 130,000 high net worth individuals and companies that have potential tax underpayments. The Minister of Finance, Mrs. Kemi Adeosun, disclosed this when she appeared on the […]
Africa’s Equity Capital Market Records 49% Growth In 2016-2017
Indications that African economies are on the path of recovery have emerged with the latest findings showing substantial growths in major segments of the continent’s bourses in 2017 over the preceding year’s performances. The just published 2017 African Capital Markets Watch published by PricewaterHouseCoopers (PwC) reflected that African capital markets recovery in value and volume […]
World Bank Launches World Development Report on Education in Nigeria
The World Bank Group and Federal Ministries of Finance and Education today co-launched the World Development Report (WDR) 2018: ‘Learning to Realize Education’s Promise’ at the International Conference Centre (ICC) in Abuja A statement by the World Bank Group by its Nigeria Office on the report indicated that it specifically canvassed greater measurement, action on […]
NNPC Puts Daily Subsidy On Petrol At N774m
The Nigerian National Petroleum Corporation (NNPC) yesterday disclosed that it was spending N774 million daily as subsidy on the 50 million litres of Premium Motor Spirit (PMS) consumption nationwide. The corporation, which described the expenditure as under-recovery, attributed the daily cost to the proliferation of filling stations in communities located around land and coastal borders. […]
Heritage Bank Seeks Commodity Exchange To Boost Agribusiness
Heritage Bank Plc, one of Nigeria’s innovative banking services providers, has intensified its campaign for agribusiness and commerce in the country with its desire to have the bilateral agreement signed by Lagos and Kano States provide for a Commodity Exchange. The two states signed the Memorandum of Understanding (MoU) yesterday at the Lagos-Kano Economic and […]
Nigeria’s Foreign Trade Value Rises By 33.5% In 2017
The National Bureau of Statistics (NBS) has put Nigeria’s total foreign trade value for last year at N23,160.9 billion, representing an increase of 33.5% when compared to the N17,344.9 billion value of trade recorded in 2016. The Bureau, in its just published ‘Foreign Trade Statistics Report – Q4 2017’, disclosed that the trade value comprised […]
VAIDS: Adeosun Urges Tax Payers To Demand Written Notice From Tax Officials
Apparently concerned about the negative implications of abuses for the current’s efforts to boost the nation’s tax revenue profile, the Federal Government today advised tax payers to demand for written notice whenever tax officials are asking them to pay their tax liabilities. The Minister of Finance, Mrs. Kemi Adeosun, who gave the advice in a […]
Passage Of PIB To Be Completed Before June 31- Baru
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Dr. Maikanti Baru, has projected that the remaining parts of the Petroleum Industry Bill would be passed before the end of June this year. Baru, who set the deadline at the 2018 Oloibiri Lecture Series and Energy Forum organised by the Society for Petroleum […]
Nigeria Records $12.228bn Capital Importation In 2017
The National Bureau of Statistics (NBS) has reported that Nigeria’s total capital importation last year stood at $12.228 billion, representing an increase of $7.104 billion or 138.7 per cent over the value of capital imported in the preceding year. In the last quarter of 2017 capital importation stood at $5.382 billion, indicating an annual growth […]