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Finance Act, Economy Recoveries Increased Company Income Tax By 35.6%

Finance Act, Economy Recoveries Increased Company Income Tax By 35.6%   Revenue generated from Company Income Tax (CIT) has continued an uptrend, rising by 35.6 per cent Year-on-Year (Y/Y) to N532.48 billion in the first quarter ended March 2022 (Q1’22) from N392.7 billion in the corresponding...

Water Transportation Fare Drops To N890.03 In March

Water Transportation Fare Drops To N890.03 In March   The National Bureau of Statistics has said the average fare paid for water transport in March 2022 was N890.03, a 2.53 per cent decrease, month-on-month, from N 913.13 in February 2022. According to the NBB, water transport fares...

Why Food Prices Remain High Despite Farming Galore

Lack of mechanised farming equipment, easy access to fertiliser, reliable produce marketing outlets and failure to effectively tackle farmers/herders clashes are among major reasons why food prices remain high even as harvest period peaks, experts have said. Inflation records from the National Bureau of Statistic...