Stamp Duty Revenue Projection Reduced To N200bn The FIRS said it has deployed technology to increase its tax base as well as improve the collection process. FIRS Executive Chairman, Muhammad Nami, noted, however, that accessing and collecting tax depend largely on the performance of the economy of the country. The revenue projection from […]
Nigeria’s Budget Deficit Now N4.5trn The Debt Management Office has put the deficit financing of the revised N10.509trn 2020 budget proposal at N4.563trn. The subsisting 2020 Appropriation Act, passed last December, had a total expenditure of N10.594trn and a deficit of N2.175trn. National Assembly committees begin consideration of revised 2020 budget Lawmakers divided over […]
Marketers Pledge To Comply As FG Announces New Fuel Price As the federal government on Monday announced a new pump price band for Premium Motor Spirit (petrol) from N125.50/N123.50 per litre to N121.50/N123.50, petroleum products marketers in the country have promised to comply with the latest downstream pricing regime. Speaking with our correspondent, the […]
NSE Begins June With N25bn Gain Trading activities on the floor of the Nigerian Stock Exchange closed on a positive note on the first day of this month following gains recorded by some blue-chip firms. The NSE All-Share Index appreciated by 0.19 per cent as Japaul Oil & Maritime Services Plc led other […]
FMDQ Lists Flour Mills’ N30bn Commercial Papers FMDQ Securities Exchange Limited has announced the approval of the quotation of the Flour Mills of Nigeria Plc N10bn Series 13 and N20bn Series 14 Commercial Paper notes. The notes are part of the firm’s N100bn CP Issuance Programme on the Exchange’s platform, according to a statement […]
How Telcos Can Rebuild Nigerian Economy Amid COVID-19 A global tech market advisory firm, ABI Research, has said telecommunication companies (telcos) have a critical role to play in managing Nigeria’s transition from COVID-19-related stagnation, as well as provide a resilient national infrastructure to stimulate growth in the gross domestic product (GDP). In a […]
EITI Counsels Nigeria, Others On Extractive Sector Revenue The Extractive Industries Transparency Initiative (EITI) has offered countries such as Nigeria which are rich in mineral resources an advisory on how to protect their extractive sector revenue with the outbreak of the COVID-19. Speaking in a Sussex Development Lecture he delivered, EITI’s Executive Director, Mark […]
Hydrogen Europe members share the common vision to promote hydrogen as an enabler of the post-corona economy and a zero-emission society and are willing to swiftly engage with the European Commission and the other European institutions in the Clean Hydrogen Alliance to scale-up the production and deployment of hydrogen by 2030.
Local and state authorities in the U.S. must stop targeting journalists and media workers covering protests and ensure that the press is exempt from any curfew restrictions, the Committee to Protect Journalists said today.
Africa Akinwunmi Adesina (AFDB): Any Conspiracy From The Western Block? By Jimoh Ibrahim, OFR, CFR Please wait a minute; it is about corporate governance! Yes, in a simple bank matter, and what is more, as Wolfensohn will say, corporate governance is about promoting corporate fairness, transparency, and accountability. Every day we keep struggling on which […]
