Naira Plunges To 475 As Dollar Demand Rises         The naira weakened further on Monday, trading at 475 to the United States dollar in the parallel market amid a rise in demand for the greenback. The local currency, which has come under pressure in recent days, fell...

Fed Govt Considers Another Tax Exemption For Small Businesses       The exemption of small businesses from the payment of tertiary education tax has been proposed in the draft Finance Bill 2020. This was disclosed by the Fiscal Policy Reforms Committee, established by the Ministry of Finance, Budget...

Forex Scarcity Bars Marketers From Petrol Imports       Despite the deregulation of the downstream oil sector by the Federal Government, private marketers are still tied to the Nigerian National Petroleum Corporation’s apron strings as they continue to steer clear of petrol importation, ’FEMI ASU reports The expected...

FG Blocks RMAFC’s Proposal On Salaries Review, Revenue Formula         The Revenue Mobilisation, Allocation and Fiscal Commission plans to review the current revenue allocation formula with N830m, while a review of the remuneration packages for political, public and judicial holders will cost N470m. The Federal Government, however,...

Power Operators Lose N1.25bn As Generation Sheds 62.96MW       The Advisory Power Team, Office of the Vice President, in their latest report on the power sector, has said that operators in the power sector lost N1.25bn, while power generation dropped by 62.96 megawatts in one day. According...

$500m Chinese Debt Sparks Confusion In Airport Concession       Federal Government’s plan to concession airports has run into difficulties over an existing debt and pact with China to build four new terminals at the cost of $500 million. The “concession within concession”, according to the coalition of...