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Business and Economy

VAT: Rivers State Govt Files Appeal At Supreme Court

The Rivers State government has approached the Supreme Court to challenge the ruling of the Court of Appeal in the Value Added Tax (VAT)...

POS Owners, Others To Register Business Premises Or Face Sanction In Kogi

By Noah Ocheni, LokojaThe Kogi State Commissioner for Commerce and Industry, Hon. Gabriel Olofu on Tuesday in Lokoja directed all business owners across the...

AEDC customers groan under payment of outstanding arrears, group metering amidst tariff hike rumours

It’s our prerogative to determine ‘debt’ recovery method – CompanyBy Alex Enemanna, Abuja As Abuja Electricity Distribution Company, AEDC continues in its mass metering programme,...

OPEC Increases 2022 Global Oil Demand Forecast By 1mbpd

The Organisation of Petroleum Exporting Countries (OPEC) yesterday expanded its global oil demand forecast for 2022 by almost one million barrels per day (bpd),...

70% road users changed their vehicle particulars in Kaduna – CEO KASTLEA

..Decry security agencies, other road user's disregard to trafficBy Gabriel Udeh, KadunaKaduna State Traffic Law Enforcement Authority (KASTLEA) said over 70 percent road users...

Debt servicing gulps $1.79bn in 5 years

By AAmadin DinoNigeria spent $1.79bn in five years on servicing the debts owed to World Bank and the Exim Bank of China, according to...

CBN: No Plan To Convert Domiciliary Accounts Into Naira

The Central Bank of Nigeria (CBN) has denied a claim that it directed banks to convert all customers’ domiciliary accounts meant for dollar and...

NNPC Forecasts Over N300bn Profit in 2021

Few days after declaring a Profit After Tax (PAT) of N287 billion in its Audited Financial Statement (AFS) for 2020, the Nigerian National Petroleum...

BREAKING: Gov Sanwo-Olu Signs VAT Bill Into Law

The Lagos State Governor, Mr. Babajide Sanwo-Olu, has signed into law, the State VAT Bill that was passed by the House of Assembly, on...

Court Stops Rivers, Lagos From Collecting VAT

The Court of Appeal in Abuja has stopped the governments of Rivers and Lagos from collecting Value Added Taxes (VAT).In a ruling on Friday,...

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