Abuja, Other Power Consumers Get 35% Tariff Hike Bulk of the power consumers in the residential R2 category in Abuja, Kogi, Nasarawa and Niger states will pay an average increase of 35 per cent in electricity tariff beginning from April 1, 2020 when the new rates take effect. According to the Abuja Electricity Distribution […]
Tax Evasion: Lagos Tribunal Orders Firm To Pay FIRS N1.7bn The Tax Appeal Tribunal, Lagos Zone, has ruled as lawful an assessment in additional tax liability of N1.73bn issued to Prime Plastichem Nigeria Limited by the Federal Inland Revenue Service. The tribunal ruled that the N1.73bn was the correct income tax that PPNL should […]
How Buhari Regime Depleted ECA By N1.5trn – Report Between 2015 and 2019, the Federal Government withdrew N1.5tn (about $4.92bn) from the Excess Crude Account (ECA), statistics obtained from the Ministry of Finance have revealed. The ECA, which was created by former President Olusegun Obasanjo in 2004 for the purpose of saving oil […]
Senate Investigates Banks Over Withholding Tax Remittances The Senate on Tuesday mandated its committee on Banking, Insurance and other Financial Institutions to investigate allegations of non-remittance of withholding taxes collected by banks to state governments. The red chamber also asked the panel to ensure the recovery of all withholding tax revenues on both […]
Discos Deny Getting Subsidy From FG Electricity distribution companies, under the aegis of Association of National Electricity Distributors (ANED), has said they had not received any subsidy from the Federal Government since the privatisation of the power sector. The Discos’s claim was a response to Power Minister, Saleh Mamman, who recently said the Federal […]
Nigeria’s Economy Still Very Fragile, Says NESG The Nigerian Economic Summit Group has said the nation’s economy, which is on the path of recovery, remains very fragile. The Board of Directors of the NESG, in its first meeting in 2020, reviewed the global and domestic economic and financial environments, as well as the outlook […]
Coronavirus: IATA Projects $29.3bn Global Revenue Loss Due To Outbreak The International Air Transport Association has projected a global revenue loss of $29.3bn due to the outbreak of coronavirus. The IATA made the announcement after its initial assessment of the impact of the coronavirus 2019 outbreak on the global aviation industry. The association said […]
Anger As NERC, Kaduna Disco, Consumers Meet On New Tariff Electricity consumers in Kaduna on Tuesday vented their anger on the proposed hike in electricity tariffs across the country. The Nigerian Electricity Regulatory Commissioner organised a public hearing which held at the Asaa Pyramid Hotel, Kaduna. Vice Chairman, NERC, Sanusi Garba, said at […]
China: Statement by the Spokesperson on the case of Gui Minhai
Brussels, 25/02/2020 – 19:40, UNIQUE ID: 200225_25
High Representative/Vice-President Josep Borrell visits Ethiopia and Sudan as first visit to Africa
Brussels, 25/02/2020 – 17:40, UNIQUE ID: 200225_24
