The Central Bank of Nigeria (CBN) on Thursday revved up its efforts to enlighten students on money, savings, how to create better livelihoods and becoming entrepreneurs to some schools in the Federal Capital Territory. The apex bank’s Deputy Governor (Financial System Stability), Mrs Aisha Ahmad, led a team of CBN directors to Government Secondary School, […]
President Cyril Ramaphosa on Wednesday announced Edward Kieswetter as the new Commissioner for South African Revenue Service (SARS) with effect from 1 May 2019 for a term of five years. He said that the process for the appointment of the SARS Commissioner was informed by the SARS Act and was guided by the recommendations of […]
Boeing has issued changes to control systems linked to two fatal crashes of its 737 Max planes in the past five months. However, the U.S aircraft manufacturing company did not give go ahead to operators to resume flight with the aircraft which were grounded by many countries’ aviation authorities following the fatal crashes. A news […]
The Federal Airport Authority of Nigeria, (FAAN) on Wednesday defended its proposed N101.6 billion budget for 2019 at the National Assembly. The Managing Director of the agency, Mr Saleh Dunoma, who gave the figures when he appeared before the House of Representatives Committee on Aviation said that the Authority proposed N101.67 billion in 2019 as […]
The Federal Government and other tiers of government shared the sum of N619.85 billion from the total revenue generated in February, representing an increase of about N9.49 billion over the distributions to the three tiers of government in the preceding month. The Accountant-General of the Federation (AGF), Mr. Ahmed Idris, gave this hint on […]
The National Leader of the All Progressives Congress (APC), Senator Bola Ahmed Tinubu, on Thursday warned the President Buhari-led administration not to raise taxes to prevent a relapse of the nation’s economy into recession. Giving the advice during the 11th Bola Tinubu Colloquium to mark the 67th birthday of the former Lagos State Governor at […]
The Manufacturers Association of Nigeria (MAN) on Wednesday advised the Federal Government to harmonize taxes/levies/fees payable by businesses in the country in order to attract more investments for sustainable development of the country. The group also believed the step would translate to higher productivity and more tax revenue for the government in the medium and […]
The President of European Central Bank (ECB), Mario Draghi, said on Wednesday that the bank was willing to delay a proposed interest rate increase if necessary and consider measures required to be put in place in order to mitigate any side effects of negative interest rates on European economies. It would be recalled that arlier […]
Delegates to the Economic Commission for Africa (ECA) Conference of Ministers (COM2019) which rounded off their week-long deliberations on how to stimulate growth in Africa today in Marrakesh, Morocco, have called on African governments to build more resilient economies in order to have the resources to meet Africa’s developmental goals and targets over the next few […]
The Managing Director of NISPO Porcelain Company Limited, Mr. Afam Ukatu, has advised the fiscal authorities to suspend the proposed Value Added Tax (VAT) hike and to frontally tackle the problem of multiple taxation in order to prevent many manufacturing companies’ collapse. Ukatu, who commented on the incidence of the multiplicity of taxes in the country […]