Banking. Revenue. TechnoBiz
There are strong indications that South Africa may be compelled to revise its tax targets upwards as experts foresee the country’s budget shortfall accentuating for a second consecutive year. According to the median estimate of 13 economists in a Bloomberg Survey , South Africa’s budget deficit is projected to reach 11% of gross domestic product […]
As public participation in online trading continues to accelerate at unprecedented levels since 2020, the Regional Director at INFINOX, a leading CFD trading broker with international presence and market expertise, Dany Mawas, has advised online traders, particularly the new entrants into the technology-driven trading space, to look for critical capacities and antecedents in brokerage partners […]
Intel Corporation on Thursday reported fourth-quarter and full-year 2020 financial results, with the board of directors approving a cash dividend increase of five percent to $1.39 per share on an annual basis. A press release on the results issued by the company further stated that the board declared a quarterly dividend of $0.3475 per share […]
Despite the ravaging impacts of the COVID-19 pandemic across the global economies, the global market for Music Production Software has been projected to reach $12.1 billion by 2027, from the estimated $3.2 billion value in 2020. The projection is contained in the report “Global Music Production Software Industry announced by “Reportlinker.com today. According to the […]
The Centre for the Study of Economies of Africa (CSEA), a leading economic research organization, has listed some steps for government to take in order to translate the humongous tax incentives provided in the Finance Act 2020 for businesses to national economic benefits. Researchers at the Centre, in the just published Nigeria Economic Update 1 […]
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has charted a multi-pronged approach to Nigeria’s fiscal efficiency, particularly on the tax collection component, as a strategic step towards growing non-oil tax revenue for the country’s sustainable development. The development finance expert listed the several fiscal measures requiring urgent adoption by the government […]
President Muhammadu Buhari on Thursday directed ministries, departments, agencies (MDAs) and businesses to grant access to the Federal Inland Revenue Service (FIRS) to their systems for the purposes of tax collection nationwide. President Buhari issued the mandate on Thursday while delivering his address as the Special Guest of Honour at the First Annual National Tax […]
The African Development Bank (AfDB) and the European Investment Bank (EIB) today signed a joint partnership action plan highlighting their strengthened cooperation and mutual development priorities and a strong shared emphasis on boosting public and private sector investment in Africa. A news report circulated on behalf of the development finance institutions by African Press Organisation […]
The Executive Director of the Civil Society Legislative Advocacy Centre (CISLAC), Comrade Auwal Musa Rafsanjani, is among international dignitaries attending the swearing in ceremony today of the United States of America’s President-elect, Joe Biden, at the Capitol, Washington D.C In a statement made available to the media from the United States, Comrade Rafsanjani called on […]
The Presidential Initiative on Continuous Audit, (PICA) in the Federal Ministry of Finance, in conjunction with the Ministry of Aviation, have commenced a mop up verification exercise for ex- workers of Nigeria Airways Limited (In Liquidation). A statement by the Director of Press in the Finance Ministry, Mr Hassan Dodo, indicated that the exercise, which […]