VAT Revenue Rises By 33% To N2.07trn   The National Bureau of Statistics (NBS) said the federal government generated N2.07 trillion as Value Added Tax (VAT) last year. This represents a 33 percent Year-on-Year (YoY) increase in VAT when compared to N1.55...

Bread Prices May Increase, Bakers Blame Forex, Energy Crises   Bakers under the aegis of the Premium Bread-Makers Association of Nigeria (PBAN) have said a harsh business environment triggered by rising energy costs and increasing forex rates has caused some of...

'Nigerians Spend $39.66bn On Foreign Education, Medical Tourism'   Nigerians spent a total of $39.66bn on foreign education and healthcare-related services between 2010 and 2020, according to the Central Bank of Nigeria data. According to CBN’s Balance of Payments, Nigerian parents and...

FCE Yola In Recruitment Scandal After Offering Jobs To 1,000 'Paying Applicants'   No fewer than 1,000 of them were reported to have been offered employment letters by authorities of the Federal College of Education (FCE), Yola, in November 2020, after...

24hrs To APC Convention, Dollar Scarcity Hits Harder   Barely 24hrs to APC convention in Abuja, the lingering foreign exchange scarcity in the country has continued to hit harder even as the exchange rate on the parallel market is inching towards...

Cross River Govt Decries N34m Federal Allocation For March   The Cross River State Government received only about 15 per cent of its statutory allocation from the Federation Account in March. Figures released show that out of the state’s gross allocation of...