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ATAF Releases Draft Law On Digital Services Tax

The African Tax Administration Forum (ATAF) has suggested an approach to drafting legislation on digital sales tax services. The Suggested Approach – published on September 30 – has been developed by the ATAF Secretariat and ATAF’s Cross-border Taxation Technical Committee. It is aimed at helping African countries that are considering implementing digital service tax to […]

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Nigeria’s Internet Users Rise To 149.8Mn

The Executive Vice Chairman (EVC) of the Nigerian Communications Commission, NCC, Prof. Umar Danbatta, has disclosed that internet users across mobile networks in Nigeria stand at 149.8 million as at August, 2020. The industry regulator gave this hint while declaring open the commencement of a series of enlightenment and awareness campaign activities initiated by the […]

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Fidelity Bank Announces Obih, Opara As Directors

The Central Bank of Nigeria (CBN) has approved the appointments of Engr. Henry Ikem Obih as the Independent Non-Executive Director, and Dr. Kenneth Onyewuchi Opara as Executive Director of Fidelity Bank Nigeria Plc with effect from September 21, 2020 and January 1, 2021 respectively. According to a Notice to the effect sent by the bank […]

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Why Poorest Nations Deserve Debt Reliefs – World Bank

The World Bank President, David Malpass, has advocated the need for debt cancellation for the poorest countries as the COVID-19 pandemic could trigger a debt crisis in some nations. Malpass, while making a strong case for debt forgiveness for the affected countries globally during a media interview on Sunday, said investors must be ready to […]

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CSEA Tasks FG, States On Loan Utilization For Capital Projects

The Centre for the Study of Economies in Africa (CSEA) has charged the federal and state governments on the need to ensure that borrowed funds are utilized for capital projects with great value-addition potential for the nation’s sustainable development. The economic research think-tank gave the charge in its ‘Nigeria Economic Update Issue 37’ sourced by […]

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Kano Seeks Improved Revenue Allocation To LGAs

The Kano State Government at the weekend advocated the need for improved revenue allocation to local governments to ensure improved socio-economic development of the grassroots in the country The government’s position on the revised revenue allocation to the third tier of government was expressed by the State Commissioner for Local Government, Alhaji Murtala Garo, during […]

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Credit Bureau Seeks Improved CBN’s Funding For Education

CRC Credit Bureau Limited hosted an online webinar themed ‘CBN Intervention Funds- Access, Impact and Prospects’ on Thursday, 24thof September 2020. The forum was the 4th in the ‘You and Credit’ webinar series organized as part of CRC’s Corporate Social Responsibility (CSR) initiative to educate individuals and businesses on credit and finance. In his introductory […]

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FirstBank Disburses Over N17Bn Through ‘FirstAdvance’

First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider, has announced that loans totalling over N17 billion had been disbursed to individuals, nationwide through FirstAdvance, its digital lending solution. FirstAdvance is designed to offer a convenient and easy access to cash for salary earners whose accounts are domiciled with First Bank and have […]

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60th Independence Anniversary: Buhari Justifies Fuel Subsidy Removal, Lists Achievements

President Muhammadu Buhari on Thursday stoutly defended his administration’s recent fiscal policy measures, particularly the deregulation of the petroleum pricing regime, saying the measures are inevitable if the abuses in the downstream subsector are to be curtailed and the economy better positioned for citizen’s socio-economic wellbeing. The President, who justified the fiscal policy stance of […]

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FEC Approves N13.08Trn Budget Estimate For 2021

The Federal Executive Council (FEC) has approved a budget estimate of N13.08 trillion for the 2021 fiscal year. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, who disclosed this to State House correspondents at the end of the council’s meeting on Wednesday, explained that the budget proposal was designed to enable the […]