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Business
Only 700,000 out of 22 million Lagosians pay taxes regularly – LASG
The Lagos State Government has disclosed that only 700,000 out of the 4.8 million Lagosians registered as taxpayers are active…
FG defends proposed 2.2 per cent increment in VAT
The federal government has defended its decision to increase Value Added Tax (VAT) from 5 to 7.5 per cent.
There have been…
FIRS directs banks to remit funds of tax defaulters into Federation Account
High-profile tax defaulters got a 30-day window to regularise their tax status with the Federal Inland Revenue Service (FIRS),…
Nigeria to cut oil production by 100% in October – Sylva
The Minister of State for Petroleum, Timipre Sylva on Thursday said that Nigeria has agreed to cut oil production by 50% this…
2020 Budget: FG slashes oil benchmark to $55/Barrel
The federal government, through the Minister of Finance, Budget and Planning, Mrs Zainab Ahmed, has lowered benchmark for oil…
Nigeria approves 2.2 per cent increment in Value Added Tax
A new Value Added Tax (VAT) of 7.2 percent has been approved for Nigeria by the Federal Executive Council (FEC), Minister of…
Polaris Bank conducts Risk Management training for business partners
Polaris Bank at the weekend conducted a training program which focused on Risk Management practices for its business partners…
CBN moves to sanction banks for e-payment breach
Bank chiefs who breach Central Bank of Nigeria’s (CBNs) e-payment reporting rules, including using unapproved third party…
NAICOM approves establishment of two new Islamic Insurance companies
The National Insurance Commission (NAICOM) has granted approval in principle (AIP) to Cornerstone Takaful Insurance Company Ltd…
$1.2b internet fraud: FBI combs Nigeria, France, Kenya, six others for…
The United States’ Federal Bureau of Investigation (FBI) on Tuesday said it had completed a four-month investigation in nine…