Tax Is Not A Punishment - Sanwo-OluThursday, May 16, 2024
Lagos State Governor, Babajide Sanwo-Olu, has stated that the Federal Government must explore new and innovative ways of expanding the tax base and ensure Nigerians do not see taxes as an additional burden. The governor said governments at all levels must introduce a tax system that fosters a bus ...
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CBN Boost Remittances, Approves 14 Int’l Money Transfer OperatorsThursday, May 16, 2024
The Central Bank of Nigeria (CBN) has granted approval-in-principle (AIP) to 14 new International money transfer operators (IMTOs) as part of its plans to boost foreign currency remittance flows through formal channels. The Bank rsquo;s Acting Director of Corporate Communications, Hakama Sidi Ali ... |
$50m Investment Was Made Through Presidential CNG InitiativeThursday, May 16, 2024
The economy records an additional Investments worth $50m in the last five months through the Presidential Compressed Natural Gas Initiative. This was disclosed by the Programme Director/Chief Executive, PCNGI, Michael Oluwagbemi, at the Southwest stakeholders rsquo; forum held Wednesday in Lagos. ... |
‘FG Targets $2.7bn Revenue From Marine Sector’ - Babatunde BombataThursday, May 16, 2024
The Federal Government disclosed its plans to advanced the process of developing a national policy on marine and blue economy, which is expected to contribute $2.7bn to the country rsquo;s economy. This was disclosed by the Director of the Maritime Safety and Security Department in the Ministry o ... |
Nigeria Have Lost Billions Under Old Rules - KeyamoThursday, May 16, 2024
The Minister of Aviation and Aerospace Development, Festus Keyamo, has disclosed that the Federal Government lost 82 per cent which is equivalent to N10 billion in revenue that ought to accrue from airport tollgates under old rules. This was disclosed by Keyamo to State House correspondents on Tu ... |
Nigeria’s Inflation Hits 33.69% In AprilWednesday, May 15, 2024
Report from the National Bureau of Statistics has indicated that Nigeria rsquo;s inflation rate has increased to 33.69 per cent in April 2024 up from 33.20 per cent recorded in March 2024. In its report on Wednesday, the NBS stated that this represents a month-over-month increase of 0.49 per cent ... |
FCCPC Frown Against Loan Apps Harassing CustomersWednesday, May 15, 2024
Federal Competition and Consumer Protection Commission (FCCPC) has disclosed that necessary steps are being taken to tackle loan Apps services providers that engage in harassing tactics against customers. Adamu Abdullahi, acting chairman of FCCPC, expressed that such practices would soon become a ... |
71 Percent Of Nigerians Lack Access To Regular Internet - ReportWednesday, May 15, 2024
The Groupe Special Mobile Association (GSMA) recent report have revealed that a significant 71% of Nigerians do not have regular access to mobile internet. In the report, ldquo;While 29 per cent of Nigerians are regularly using mobile internet, there remains untapped potential; 71 per cent are n ... |
SEC Declares Cooperation With EFCC To End Foreign Exchange CrisisWednesday, May 15, 2024
The Securities and Exchange Commission (SEC) has expressed commitment to work with the Economic and Financial Crimes Commission (EFCC) to reduce the manipulation of the naira. This was disclosed by SEC Acting Director General, Dr Emomotimi Agama, when he received a team from the EFCC led by the E ... |
BOI Plans To Boost Rural Businesses’ Access To CapitalWednesday, May 15, 2024
The Bank of Industry (BOI) has disclosed the launch of the Rural Area Programme on Investment and Development (RAPID) initiative to mitigate rural-urban migration by empowering rural communities with access to capital, further targeting businesses of youths and women in these underserved areas. A ... |
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