MARKET UPDATE
Advertisement Topt

TheCable

Business

‘It’s unprecedented’ — FG says ICT contributed 17.9% to Nigeria’s GDP in Q2 2021

    ‘It’s unprecedented’ — FG says ICT contributed 17.9% to Nigeria’s GDP in Q2 2021

The federal government says the information and communication technology (ICT) sector contributed 17.92 percent to the nation’s gross domestic product (GDP) in the second quarter of 2021. Isa Pantami, minister

0 comment Read Full Article

Bawa: Criminals now prefer cryptocurrencies for illegal financial transactions

    Bawa: Criminals now prefer cryptocurrencies for illegal financial transactions

Abdulrasheed Bawa, chairman of the Economic and Financial Crimes Commission (EFCC), says cryptocurrencies have become a preference for persons engaged in illegal financial transactions. Bawa said this while delivering a

0 comment Read Full Article

Niger shuts Abuja Electric office, eight banks over N456m ‘unpaid taxes’

    Niger shuts Abuja Electric office, eight banks over N456m ‘unpaid taxes’

The Niger State Internal Revenue Service has shut branches of eight commercial banks and three other organisations over alleged N456.7 million unpaid tax liability. On Monday, Mohammed Etsu, executive chairman

0 comment Read Full Article

NIPC: 80% of bilateral agreements signed by Nigeria need to be renegotiated

    NIPC: 80% of bilateral agreements signed by Nigeria need to be renegotiated

Yewande Sadiku, executive secretary of the Nigerian Investment Promotion Commission (NIPC), says the country needs to renegotiate 80 percent of the bilateral agreements signed in the past. The NIPC executive

1 comment Read Full Article

VAT judgement: ‘Maintain status quo, don’t panic’ — FIRS tells taxpayers

    VAT judgement: ‘Maintain status quo, don’t panic’ — FIRS tells taxpayers

The Federal Inland Revenue Service (FIRS) has asked taxpayers not to panic over the recent court ruling by the federal

0 comment Read Full Article

Autochek, Nigerian auto-tech firm, acquires Cheki in Kenya, Uganda

    Autochek, Nigerian auto-tech firm, acquires Cheki in Kenya, Uganda

Autochek, a Nigerian automotive technology company, has entered into an agreement with Ringier One Africa Media (ROAM) to acquire Cheki

0 comment Read Full Article

Bill on VAT collection scales second reading at Lagos assembly

    Bill on VAT collection scales second reading at Lagos assembly

A bill seeking to empower the state government to collect value-added tax (VAT) has scaled the first and second reading

0 comment Read Full Article

COVID-19: Insurance sector will play a vital role in Africa’s economic recovery, says Buhari

    COVID-19: Insurance sector will play a vital role in Africa’s economic recovery, says Buhari

President Muhammadu Buhari says the insurance industry will play a vital role in Africa’s economic recovery from COVID-19. He said

0 comment Read Full Article

Rivers: Court has dismissed FIRS’ application on VAT collection

    Rivers: Court has dismissed FIRS’ application on VAT collection

A federal high court sitting in Port Harcourt has reportedly dismissed an application by the Federal Inland Revenue Service (FIRS)

0 comment Read Full Article

Paris Club refund: Governors caution bank CEOs against payment of $418m to six consultants

    Paris Club refund: Governors caution bank CEOs against payment of $418m to six consultants

The Nigeria Governors’ Forum (NGF) has asked banks and their compliance officers to disregard the payment of the controversial $418,953,670.59 to consultants.

1 comment Read Full Article
error: Content is protected from copying.