The US has blocked the $1.2bn (£880m) sale of money transfer company, Moneygram. to China’s Ant Financial, the digital payments arm of Alibaba
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Angola’s Central Bank Plans to Loosen Kwanza’s Peg to Dollar
Angola has unveiled plans to loosen its currency peg to the dollar by establishing a band in which the kwanza can float freely.
Washington D.C. Rakes In $50M In Property-Tax Prepayments
Washington D.C.’s city government has collected more than $50 million in prepayments of 2018 property taxes from about 7,500 taxpayers.
Selling Fuel At N145/Litre No Longer Feasible – Marketers
Petroleum products marketers in the country said that they can no longer continue to sell fuel (Premium Motor Spirit) at the official pump price of N145 per litre without incurring losses.
Small Business Association Lauds Repeal Of ‘Staircase Tax’ in UK
The Federation of Small Businesses (FSB) in the United Kingdom (UK) has described the release of draft legislation by the UK Government that would “repeal” the so-called staircase tax as a welcome development.
Kwara Devt Agency Gets N600m Grant From World Bank
The Acting General Manager, Kwara State Community and Social Development Agency, Alhaji Yahaya Ahmed, has disclosed that the agency has accessed over N600 million from the World Bank
Saudi Arabia, UAE Introduce VAT For First Time
….both countries still maintain zero tax on income Saudi Arabia and the United Arab Emirates (UAE) have introduced Value Added Tax (VAT) for the first time in their economic histories. The 5% tax took effect from1 January, 2018 in both countries and it is being applied to the majority of goods and services. It would […]
We Will No Longer Underwrite Capital Market Processing Fee – SEC
The Securities and Exchange Commission (SEC), has said that it will no longer underwrite processing fee for capital market investors.
Abuja Airport Terminal Requires Additional $400m For Completion
The Minister of State for Aviation, Senator Hadi Sirika, has disclosed that the new international terminal building at the Nnamdi Azikiwe International Airport (NAIA) Abuja would require additional $400 million before its completion.
President Buhari Re-assures Nigerians On Infrastructure Devt
President Muhammadu Buhari today reassured Nigerians of his administration’s commitment to timely complete major infrastructure projects in the country