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Reps To Consider Bill Seeking VAT’s Movement To Concurrent List

The House of Representatives is reportedly making moves to consider a Bill that will empower the state governments to collect value added tax (VAT) by moving it to the Concurrent Legislative list. A news report linked to SaharaReporters stated that bill titled “An Act to Alter 39 Part 1 of the Second Schedule of the […]

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NBS Launches Small Firms Diaries Research Survey, Lists Benefits To Economy

The National Bureau of Statistics (NBS) on Friday, in collaboration with key partners, including Bill and Melinda Gates Foundation, Financial Access Initiative (FAI) of the New York University, Low Income Financial Transformation (L-IFT), Lagos Business School (LBS) amongst others, launched the Small Firms Diaries (SFD) Initiative in Nigeria. The SFD research initiative which is being […]

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AfDB’s Board Approves Policy For Bank-Financed Operations’ Victims

The Board of Directors of the African Development Bank Group (AfDB) has approved a new policy framework for the Independent Recourse Mechanism (IRM) which provides individuals or communities adversely affected by bank-financed operations with an independent mechanism through which they can raise their concerns. The new policy framework, which was announced by the bank on […]

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FG Backs FIRS On VAT Collection

Barely 24 hours after the President of the Senate, Senator Ahmad Lawan, expressed support for continued  collection of the Value Added Tax (VAT) nationwide by the Federal Inland Revenue Service’s (FIRS’) in spite of the legal tussles between the agency and state governments over collection of the consumption tax, the Federal Government on Thursday also […]

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5G Network Deployment To Commence January 2022 – Pantami

The Minister of Communication and Digital Economy,  Prof. Isa Pantami, on Thursday said that the deployment of the Five Generation (5G) network in the country would begin from in January 2022. The minister, who made the disclosure in Maiduguri at a Town Hall meeting organized to discuss the challenges  of power and telecommunications infrastructure vandalism […]

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World Bank Forecasts Below Pre-COVID-19 GDP Per Capital For Nigeria, 39 Others

The World Bank has predicted that Nigeria and 39 other countries’ Gross Domestic Product (GDP) per capital may not reach the pre-COVID-19 levels even by 2026, despite modest recoveries in most of the economies and analysts’ growth rates forecasts. The Breton Woods institution made the forecast in its new report titled ‘From Double Shock to […]

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Buhari Links Nigeria’s Recovery To Farming, Seeks Netherlands’ Support

President Muhammadu Buhari has linked Nigeria’s gradual economic growth trajectory to improved agricultural activities, claiming that “people went back to farm.” Buhari , who made the claim during a bilateral meeting of the United Nations General Assembly in New York, United States, also solicited financial assistance from foreign leaders to sustain the nation’s economic growth […]

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As CBN, Bank Of England Retains Key Monetary Rates

The Bank of England (BoE) Monetary Policy Committee (MPC) members  on Thursday unanimously voted to hold interest rates at their record low of 0.1 per cent, thereby raising fresh concerns over rising levels of consumer price index (CPI) which some experts now believe could hit five per cent. The nine-member MPC unanimously voted in favour […]

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JP Morgan Forecasts 1.5% GDP Growth For Nigeria

Barely a week after the Central Bank of Nigeria (CBN) projected that Nigeria’s economy would record between 2.5% and 3% GDP growth by year end, JP Morgan, a global banking giant, has predicted that the economy may not record more than half of the apex bank’s projection, estimating that it may record a mere 1.5% […]

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COVID-19 Incentives: CAC Registers 245,000 SMEs At Zero Cost

The Corporate Affairs Commission (CAC) has registered more than 245,000 Small and Medium Enterprises businesses free of charge since the outbreak of the COVID-19 pandemic in the country. The Registrar-General, Alhaji Garba Abubakar, who gave this hint to the News Agency of Nigeria (NAN) in Abuja on Wednesday, said that the free registration of the […]