Vat In Nigeria Hit N808bn In 9 Months

According to a disclosure by the National Bureau of Statistics (NBS), shows that the revenue generated from Value Added Tax (VAT) from sectoral distribution spanning from first through the third quarters of 2018 was put at N808 billion.

President Muhammad Buhari Presents 2019 Appropriation Bill Of N8.83 Trillion In A Rowdy Session

On 19^th December 2019 between 1240 to 1335hours at a Joint seating comprising both Senate and House of Representative Member, President Muhammadu Buhari presented the 2019 Appropriation Bill of N8.83 trillion.

Lomé Port Overtakes Apapa Port As Regional Hub

Togo’s port of Lomé has gradually overtaken Nigeria’s Lagos port as a business hub for cargo business in West African sub-region. The development may not be unconnected with the never-ending congestion at Nigeria’s Apapa port in Lagos which resulted in the loss of nearly 30% of container traffic over the last five years.

Afreximbank To Promote Nigeria’s Intra-African Trade

The African Export-Import Bank (Afreximbank) has inaugurated a one Billion Dollars Nigeria-Africa Trade and Investment Promotion Programme (NATIPP) to promote and expand trade and investments between Nigeria and the rest of African country.

Femi Otedola Divests Forte Oil

Reports indicate that the Nigerian billionaire businessman and also oil magnate Femi Otedola is set to sell his seventy-five percent (75%) both direct and indirect shareholdings in Forte Oil company.

Doyin Okupe, former Senior Special Assistant on Public Affairs to former President Goodluck Jonathan, was on Wednesday released by officials of Economic and Financial Crimes Commission (EFCC). The former presidential aide was arrested on Monday by the EFCC over allegations of hate speech and cyber stalking.

President Buhari Commissioned International Terminal At Abuja Airport

President Muhammadu Buhari has commissioned the newly built international terminal at the Nnamdi Azikiwe International Airport, Abuja. The terminal reportedly said to be the biggest in West Africa has the capacity to process about 15 million passengers annually.

The leadership of Nigeria Labour Congress (NLC) on Monday said it was liaising with the Trade Union Congress (TUC) to place the names of state governors owing salary and pension arrears in watch list for them to be publicly disgraced at the airports.

The Nigeria Customs Service (NCS) has announced the seizure of 5,662 bags of suspected smuggled rice and 137 bales of second hand clothes both valued at N137 million. The National Coordinator, Headquarters of the NIS Strike Force Team, Abuja, Mr Abdullahi Kirawa, who made this known while briefing newsmen on Wednesday in Calabar said the seizure was made within Cross River and Akwa Ibom Area Commands of the Service.

OPEC Member Agree on Crude Oil Production

Crude oil production will be cut by 1.2 million barrels per day from January 2019 for an initial period of six months. The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil producers made the agreement in Austria’s Vienna.