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    Sanitary pads, 19 others excluded from VAT hike

    Minister of Finance, Budget and National Planning, Zainab Ahmed Johnbosco Agbakwuru - Abuja The Federal Government has listed the sanitary pads among the 20 basic food items exempted from the new Valued Added Tax (VAT) increase expected to take effect from February. President Muhammadu Buhari last week signed the Finance Act to increase the government's revenue base. The new law, according to...

    • 7 hrs ago
  • Latest News

    N200M CAPITAL BASE FOR MfBs: Move threatens SMEs' access to funds - Efeurhobo

    By Olayinka Ajayi Austin Efeurhobo is the founding Managing Director of Think Finance, a micro-finance bank he registered in the United Kingdom, UK, before relocating to Nigeria to help drive Small and Medium Enterprises, SMEs, as the engine of economic growth. In this interview, Efeurhobo stresses the need for the authorities to reconsider what he tagged as the...

    • 20 hrs ago
  • Latest News

    FINTECH: Nigerians buying American assets, stocks - Report

    FINTECH By Victor 'Tunde Oso Financial technology, (fintech) start-ups are helping a generation of young Nigerians to invest in American stocks and assets easier than ever before. These fintech platforms, according to a report by Quartz Africa Weekly Brief, are the rave across African technology ecosystems but the sector has become increasingly defined by payments specialists. This...

    • 21 hrs ago
  • Latest News

    APFFLON wants professional operations fees stopped

    Citing the struggling economy, the Africa Association of Professional Freight Forwarders and Logistics of Nigeria APFFLON has urged freight forwarders and trade facilitators to take a second look at the implementation and collection of the professional operations fee P.O.F. In a statement by Otunba Frank Ogunojemite, APFFLON National President yesterday, the professional operations fee to the...

    • 21 hrs ago
  • Latest News

    Finance Act 2019 will further stifle economic growth - Onovo

    *Onovo By Chinweoke Akoma Reactions have continued to trail the new Value Added Tax (VAT) rate of 7.5 per cent which arguably took effect immediately the Finance Bill 2019 was signed into law by President Muhammadu Buhari last week. Although, the Minister of Finance, Budget and National Planning, Zainab Ahmed, contradicted the Accountant General of the Federation, Ahmed Idris, on the...

    • 22 hrs ago
  • Business

    Access Bank acquires 100% of Kenya's Transnational Bank

    NIGERIA'S major lender, Access Bank, has acquired 100 percent of a Kenyan Bank with 28 branches, the East African country's Central Bank of Kenya (CBK) said at the weekend. Patrick Njoroge, the governor of the central bank in Kenya, said last September that he expected consolidation in the industry to continue, adding that market-driven tie-ups were working. Last year's all...

    • 23 hrs ago
  • Business

    Yale to co-sponsor training, research on African linguistics

    YALE University President Peter Salovey has hinted of plans to co-sponsor two upcoming meetings of the African Linguistics School, which is devoted to collaborative training and research on generative linguistics in Africa. The first of these Yale-sponsored meetings will take place in Benin Republic in July 2021. The co-sponsorship both allows Yale to contribute to the study and...

    • 24 hrs ago
  • Business

    Stanbic IBTC Bank wins best foreign exchange provider award

    STANBIC IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has emerged the Best Foreign Exchange Provider in Nigeria at the Global Finance World's Best Foreign Exchange Provider Awards. The event held at RSA House in London recently. Stanbic IBTC Bank PLC won the award having performed excellently in the following areas: customer service, scope of global coverage,...

    • 24 hrs ago
  • Business

    Samsung boss sure Nigeria's economy will thrive

    NIGERIA'S economy is destined to thrive especially in 2020, Managing Director of Samsung Heavy Industries Nigeria (SHIN) Limited, operator of Africa's leading marine fabrication and integration yard in Lagos, Mr. Jeijin Jeon, has declared. He explained the location and economic growth of Nigeria make for a strong business case, pointing that its enormous human capital is always a strong...

    • yesterday
  • Business

    'New VAT increase totally uncalled for'

    Hajiya Saratu Iya Aliyu, who sits atop as the Managing Director of Sarat Group of Companies also doubles as the National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA). In this interview with Charles Okonji , the Ahmadu Bello University trained educationist speaks on the implication of the recent increase in the Value Added Tax (VAT) to businesses...

    • yesterday

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