The Group Chairman, United Bank for Africa (UBA) and one of Africa’s top businessman, Mr. Tony Elumelu, has stressed the need to change the African narrative while concentrating on the myriad of opportunities inherent in the continent, stating that its economic transformation and stimulation should be the focus of all governments and global institutions. This, […]
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The Chairman, United Bank for Africa (UBA) Plc, and Founder, Tony Elumelu Foundation (TEF), Mr. Tony Elumelu, has stressed the need for global organisations and multinational institutions to support the much-needed growth in the African continent; adding that ultimately, such growth will affect the world positively. Elumelu, who pointed this out on the side-lines of […]
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Chairman of Federal Inland Revenue, FIRS, Tunde Fowler, on Tuesday, warned tax avoiders that there is no hiding place for them when the Voluntary Assets and Income Declaration Scheme VAIDS. Fowler’s warning was contained in a keynote address at a workshop for professionals advising clients on participation in the Voluntary Assets and Income Declaration Scheme […]
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The Chairman of Federal Inland Revenue Service (FIRS), Babatunde Fowler, on Monday said that the agency achieved N4 trillion as tax revenue collection in 2017. Mr. Fowler said this at the FIRS 2018 Management and Stakeholders in Lagos with theme, “Optimizing Tax Administration with Parliamentary Synergy”. The agency recorded N3.3 trillion as revenue collection in […]
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Tomato growers in Kano state have lost over N1 billion due to the recent closure of Tiga dam by the Hadeja-Jama’are River Basin Development Authority (HJRBDA). The Secretary General of the Tomato Growers Association of Nigeria (TOGAN) Sani Danladi-Yadakwari disclosed this in an interview with the News Agency of Nigeria (NAN) in Kano on Monday. […]
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The Nigerian National Petroleum Corporation (NNPC) has stated that it is only the national assembly can appropriate for the payment of subsidy in the importation of petrol. Ndu Ughamadu, NNPC spokesman, said the statement attributed to Umar Ajiya, Petroleum Products Marketing Company (PPMC) managing director, was misconstrued. Ajiya, who was a guest on Sunrise Daily, a […]
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The Debt Management Office (DMO) says the release of N1.2 trillion for capital projects by the Federal Government in six months is a positive development in the country. The capital projects are contained in the 2017 Appropriation Act. The News Agency of Nigeria (NAN) recalls that the 2017 budget was only finalised in July 2017, […]
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China’s economy exceeded its annual growth target in 2017, overcoming the government’s battles against massive debt and pollution-spewing factories. AFP reported that the world’s second largest economy expanded 6.8 per cent in 2017, much better than the official target of around 6.5 per cent. According to the poll of 11 financial experts, the growth is […]
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The price of brent crude oil rose to 70 dollars a barrel on Monday, supported by ongoing output cuts led by OPEC and Russia, and ignoring a rise in U.S. and Canadian drilling activity that points to higher future output in North America. Brent sweet crude futures, the international benchmark for oil prices, were at […]
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) and Depot and Petroleum Products Marketers Association (DAPPMA) have called for the total deregulation of the downstream sub-sector of the country’s oil and gas industry. The marketers under the aegis of IPMAN and DAPPMA told the News Agency of Nigeria (NAN) on Sunday in Lagos that this […]
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