Fiscal policy stakeholders, comprising the organised private sector, civil society and the public sector representatives, rose from a one-day workshop in Lagos with a four-point agenda for consideration by the Federal Government in order to properly define and appropriately classify corporate social responsibility (CSR) expenditures for tax returns purposes for businesses in the country. At […]
The Head, Quality Assurance/Quality Control, Dangote Oil Refinery Company Limited, Rama Rao Putta, has projected that when it comes on stream, the refinery could save Nigeria yearly about $26 billion on fuel bills among other socio-economic benefits. He described the project as the largest single train petroleum refinery globally with capacity to process 650,000 barrels […]
The Executive Vice Chairman, Nigerian Communications Commission (NCC), Prof. Umar Danbatta, has canvassed the need for fresh investments in the nation’s communications technology sub-sector to sustain growth and harness the sub-sectors’ potential for the nation’s industrial revolution. Specifically, the industry regulator pointed out that such new investments in digital technologies would enable Nigeria to actively […]
The Lagos Chamber of Commerce and Industry (LCCI) on Thursday projected that the late passage of the 2018 Appropriation Bill into law would cost reduce the performance of the capital budget by about 13 percent and impact negatively on the nation’s Gross Domestic Product (GDP). Making this forecast during the formal inauguration of the Association […]
The Lagos Chamber of Commerce and Industry (LCCI) has accused the Nigeria Customs Service of imposing arbitrary duties and taxes on their members. The group, therefore, called for an independent arbiter in resolution of disputes arising from classification and valuation of imported goods and duties payable on them. The Director-General of Chamber, Mr Muda Yusuf, […]
The President of the Lagos Chamber of Commerce and Industry (LCCI), Mr. Babatunde Ruwase, has lauded the National Assembly on the passage of the Companies and Allied Matters Act (CAMA) Act amendment Bill in view of its potential to grow small businesses in the country. The Chief Press Secretary to the President of the Senate, […]