Politics

The Federal Inland Revenue Service (FIRS) has said that it would start charging Value Added Tax on online transactions, both domestic and international, with effective from January 2020. The Executive Chairman of FIRS, Mr Tunde Fowler, disclosed this at the African Tax Administration Forum Technical Workshop on VAT on Monday in Abuja. Fowler said that a lot of countries in …

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The Securities and Exchange Commission, SEC is to engage relevant stakeholders on the implementation of some initiatives of its 10 year Capital Market Master Plan

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The Central Bank of Nigeria has set new limits for banks and other financial institutions on non-performing loans to reflect in their books The bank disclosed this in its exposure draft on prudential guidelines to microfinance banks, Deposit Money Banks, Mortgage refinance companies, finance companies, and Development Finance Companies.

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The Federal Government has a target of constructing one million houses annually in order to reduce about 17 million housing deficit in Nigeria.

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Management of Dangote Cement has revealed that its Pan African sales increased by 2.7 per cent to nearly 4.7 million tons for the six month ended on June 30th 2019.

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The Chief Operating Officer, Dr. Ainojie Alex Irune and General Manager, Commercial, Akinbambo Ibidapo-Obe, of Oando Energy Resources (OER), the upstream subsidiary of Oando PLC recently paid a courtesy visit to the Prime Minister of Sao Tome and Principe (STP), Jorge Bom Jesus, and the Minister of Infrastructure, Natural Resources and Environment, Osvaldo Abreu.

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Seplat Petroleum Development Company Plc, an independent oil and gas exploration and production company incorporated and operating in Nigeria, has been honoured with the award of Outstanding Indigenous Contributor to Gas Development in Nigeria.

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The amount of electricity generated by the nation’s 27 power stations fell below 3,000 megawatts on Sunday as low load demand by distribution companies continued to limit generation.

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The Founder and General Overseer of Mountain of Fire and Miracles Ministries, Daniel Olukoya, on Sunday said Nigeria needed the divine intervention of God to overcome its troubles.

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With the resumption of Value Added Tax (VAT) collection from stock market transactions, investors will return at least N60.11 billion into government coffers in one year, The Guardian reports.

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