Amidst declining revenue from oil, low tax to Gross Domestic Product ratio and a rapidly changing commercial environment, IFEANYI ONUBA examines what impact the National Tax Policy, recently approved by the Federal Executive Council, will have on the country’s...
The Nigeria Union of Petroleum and Natural Gas employees has announced the immediate suspension of the nationwide industrial action embarked upon by its Petroleum Tanker Drivers division.
This is coming as motorists went about their normal activities in Abuja and...
With about 70,000 micro, small and medium enterprises seeking various forms of financial intervention to take their businesses to the next level, there are concerns about the ability of the Development Bank of Nigeria (DBN) to meet such demands...
The Central Bank of Nigeria (CBN) resumes this week’s foreign exchange market intervention today with a disbursement of $240 million.
Of the sum, $90 million is for invisibles – business/personal travel allowances, medical, school fees, among others, while $150 million...
The Central Bank of Nigeria has said there is adequate amount of foreign exchange to meet the needs of bank customers seeking to purchase dollars for purpose of Personal Travel Allowance, Business Travel Allowance, and payment of school and...
The Federal Government on Thursday extended the implementation of the capital component of the 2016 budget from March 31 to May 5, or till the passage of the 2017 budget, whichever is earliest.
The Ministry of Finance said in a...
