Income Tax Revenue Lags Behind Fed Govt Projections         Amidst various pressures on the Federal Government’s finances and 2020 budget’s revenue estimates, an indication has emerged that the government has already recorded a 25.3 per cent shortfall in Company Income Tax, CIT, in the first six...

COVID-19 Pandemic Costs Oil Industry $1trn - Kyari       The COVID -19 cost the global oil and gas industry some losses totalling $1 trillion, according to Nigerian National Petroleum Corporation (NNPC) Group Managing Director (GMD) Mele Kyari. He attributed the losses to the decline in demand for...

#EndSARS: CACOVID To Unveil Support For Business Owners Next Week - Emefiele       The Governor of the Central Bank of Nigeria, Godwin Emefiele, says the Coalition Against Covid-19, will unveil its support for business owners whose premises and goods were looted by hoodlums during the unrest...

Lagos, Others Get More N75bn MSMEs Fund Beneficiaries       Lagos, Kano and Abia States will produce more beneficiaries than any other state and the Federal Capital Territory in the sharing of the Economic Sustainability Plan’s N75bn Micro, Small and Medium Enterprises Survival Fund. This was contained in...

Low, Middle Income Countries To Attract $508bn Remittances       The World Bank has projected that remittances by migrant workers to low and middle income countries (LMICs) will drop to $508 billion in 2020. In a migration and development report released by the bank, it said the economic...

Businesses, Govts Count Losses To #EndSARS Protests       At the backdrop of the destructions of public and private properties and businesses in the wake of the #EndSARS protests, businesses have been counting their losses while economy experts have listed the immediate challenges the crises have thrown...