First Bank of Nigeria Limited has announced its lead sponsorship of the TV reality musical talent show, The Voice Nigeria, Season 3. The talent show, which is organised by UN1TY Nigeria, is created to discover, nurture and bring to the fore musical talents amongst the next generation of Nigerian youth. The Voice Nigeria will be […]
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CBN to sanction exporters over non-repatriation of earnings
The Central Bank of Nigeria on Tuesday threatened to sanction exporters that failed to repatriate their export earnings from their international business transactions as foreign exchange scarcity continues to undermine its efforts on Naira exchange rate stability against foreign currencies and improve the nation’s foreign reserves. The apex bank gave the hint through a directive […]
Cross River Govt sets up special tax courts
The Executive Chairman of Cross River State Anti Tax Agency, Bishop Emma Isong, on Wednesday disclosed that the state government had established four “special” mobile courts to prosecute illegal tax collectors at all levels in the state Isong made the disclosure at a one-day Stakeholders’ meeting/workshop on “Anti-Tax Agency: Justification and a way Forward” held […]
FG grants one-year waiver on 35% tax on imported meters
The Federal Government on Tuesday announced one-year deferment of the 35 percent import adjustment tax (levy) imposed on the fully built unit (FBU) electricity meters HSCode 9028.30.00.00 under the 2019 fiscal policy measures. The announcement was contained in a statement issued by Mr Abdullahi Tanko, the special adviser communication to the Minister of Finance, Budget […]
National Assembly Passes N10.59Trn Budget For 2020 Fiscal Year
The Senate on Thursday passed a federal budget of N10.59 trillion for the 2020 fiscal year in keeping with its major legislative agenda of returning the country’s budget cycle to a more predictable one as well as re-positioning the nation’s economy on the path of sustainable growth.. The passage of the annual 2020 budget before […]
LCCI Elects Mabogunje As President, Eulogises Her Virtues
The Lagos Chamber of Commerce and Industry (LCCI) on Thursday announced the election of Mrs. Toki Mabogunje as President for the next two years, following the expiration of Mr. Babatunde Paul Ruwase’s two year tenure. The Director General of the organised private sector group, said that the newly elected President of the chamber emerged after […]
Chamber Tasks African OPEC, Non-OPEC Members On Energy Poverty
As the global oil producers convened today in Vienna, Austria for the 177th OPEC meeting to discuss about and take decisions on issues that would guide the future of the global hydrocarbon resources industry, the African Energy Chamber has urged African OPEC and non-OPEC members at the meeting to commit to the Declaration of Cooperation […]
Defaulting Agencies On Financial Reporting Rise To 265 In 2017 – Auditor General
The Auditor General for the Federation, Mr. Anthony Mkpe Ayine, has reported that more Ministries, Departments and Agencies (MDAs) breached the requirements on the submission of their audited financial statements to his office in year 2017 as against 160 that defaulted in the preceding year. Ayine, in the latest 2017 Audit Report published by the […]
Senate Passes PPA 2007 Amendment Bills, To Pass 2020 Budget Thursday
The Senate on Wednesday during plenary passed the Public Procurement Act 2007 amendment bills even as it had scheduled the passage of the 2020 Appropriation Bill for Thursday, December 5, 2019 The passage of the Public Procurement bills by the upper chamber was sequel to presentation and consideration of the report of the Senate Committee […]
FG Reiterates Commitment To Stronger Partnership With Farmers
The Minister of Agriculture and Rural Development (FMARD), Alhaji Muhammad Sabo Nanono, has reiterated the Federal Government’s commitment towards a stronger partnership and collaboration between it and farmers nationwide. The minister, who gave this assurance when the Amana Farmers and Grains Suppliers Association of Nigeria (AFGSAN) led by its Chairman, Alhaji Haruna Ahmed Pambegua, paid […]