FG’s VAT Reversal To Cost Investors N2.5bn
Investors could pay about N2.5bn yearly as additional costs on transactions, following the Federal Government’s resumption of Value Added tax (VAT) collection on stock market transactions.
Investors would pay an average of N2.49 billion yearly or N207 million monthly,...
NAHCO Invests N2.5bn For Equipment Upgrade
The Nigeria Aviation Handling Company Plc says it has acquired N2.5bn set of equipment for passenger facilitation and other aspects of its business.
The Group Managing Director, NAHCO Aviance, Mrs Olatokunbo Fagbemi, who made this known on Thursday, said it...
Nigerians Abroad Remitted $25bn In 2018, FG Says
The Federal Government has said Nigerians living abroad remitted $25bn in 2018, representing 83 per cent of the national budget in that year.
The amount, it noted, was about 6.1 per cent of the Gross Domestic Product of...
Power: Distributors Fail To Remit N1.16trn To NBET
Power distribution companies in the country failed to remit a total of N1.156trn to the Nigerian Bulk Electricity Trading Plc for the electricity sold to them as of February 2019.
Discos’ total debt to NBET stood at N890bn...
Currency Circulation Rose To N2.16trn In April, CBN Says
At N2.158tn, currency-in-circulation, on month-on month basis, rose by 0.3 per cent at end-April 2019, the Central Bank of Nigeria has said.
The apex bank said this in its first quarter report on currency-in-circulation and deposits.
This was...
WACT Expends N3.6bn On Onne Port Upgrade
The West Africa Container Terminal has unveiled two new Mobile Harbour Cranes worth $10m (N3.6bn) for discharge of cargoes at the terminal.
The MHCs coming on the heels of 10 new specialised terminal trucks and two new reach stackers...
