In new Finance Act, FG increases education tax to 2.5%
THE Federal Government has increased education tax for tertiary institutions from two per cent to 2.5 per cent.
This is contained in the 2021 Finance...
Economist predicts $30bn foreign reserves, others flag Nigeria’s debt, monetary policy
CHIEF Executive Officer of the Financial Derivatives Nigeria Company Bismarck Rewane has predicted a dip in Nigeria's foreign reserves to $30 billion in 2022.
Rewane,...
Sugar tax: Manufacturers urge FG to revisit N10/litre excise policy
THE Manufacturers Association of Nigeria (MAN) has kicked against the Federal Government's decision to tax carbonated drinks.
The announcement of the new tax regime was...
FG introduces sugar tax on non- alcoholic beverages
THE Federal Government has introduced sugar tax on non-alcoholic beverages.
Minister of Finance Zainab Ahmed said the tax became law to discourage excessive consumption of...
Insecurity, recession responsible for Nigeria’s huge spending- Finance minister
NIGERIA's Minister of Finance Zainab Shamsuna Ahmed has listed insecurity and past recessions as causes of the nation's spending problems.
She said this on Wednesday...
Magodo Estate suffers another lockdown
Residents of Magodo Estate, Shangisha, in Ikosi-Ketu Local Council Development Area (LCDA) of Lagos State, were locked outside their gates on Tuesday morning.
This incident...
Foreign investments into Nigeria fall by N11.48bn in six months
NIGERIA's foreign investment inflows dropped by N11.48 billion between January to June 2021.
This is according to the Central Bank of Nigeria (CBN) ‘Financial markets...
Drivers happy as lawmakers plan Uber, Bolt probe
UBER and Bolt drivers have welcomed the decision of the House of Representatives to probe car hire service providers in the nation.
Two weeks ago,...
FG seeks N7.73trn by 2025 to grow Nigeria’s transportation sector
THE Federal Government is seeking an estimated public investment of N7.73 trillion to improve Nigeria's transportation sector.
This is according to its newly introduced Nigeria's...
Nigeria, two others are strongholds for cryptocurrency- Analyst
Nigeria, South Africa and Kenya have been identified as top markets for cryptocurrency.
An analyst at Quantum Economics Olumide Adesina said that young Africans in...
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