| Tuesday, January 28, 2020 |
Discos to reflect 7.5% VAT on transactions Feb 1 There are indications that power distribution firms across the country plan to reflect the new Value Added Tax of 7.5 percent on all their transactions from February 1, as announced by the Federal Government….read more.
Stockbrokers jittery about likely reversal in OMO policy Stockbrokers have expressed fears about the likely reversal in the policy of the Central Bank of Nigeria on permissible investors in the Open Market Operations…..read more.
Coronavirus: Oil falls below $60, OPEC eyes deeper cuts The International oil benchmark, Brent crude, plunged to its lowest level in more than three months on Monday on fears that China’s deadly coronavirus would hit demand in a market that already has plentiful supply…..read more.
FG records N1.14tr deficit in three months The fiscal operations of the Federal Government in the fourth quarter of 2019, showed an estimated deficit of N1.14 trillion, compared with the proportionate quarterly budget deficit of N479.62 billion…..read more.
Consortium tackles standardisation in Nigerian produce export Piqued at the prevailing challenges in the Nigerian agricultural export market, a consortium of private investors under the platform of Agricultural Bureau Association of Nigeria (ABAN), has unveiled plans to ensure standardization of quality of agricultural products that are exported from the country….read more.
UN seeks end to $2trillion illicit trade, mulls new strategies Described as a threat to the actualization of Sustainable Development Goals (SDGs), United Nations (UN), yesterday, reiterated the need to end illicit trade across the world, stressing that the global economy is losing more than $2 trillion yearly….read more.
‘Heavy Tax Burden Kill SMEs’ The Oba Alara-Elect of Ilara Kingdom, Epe, and former Chairman of Lagos Inland Revenue Services (LIRS), Prince Olufolarin Ogunsanwo, has linked the high mortality rate of start-ups to heavy tax burden….read more.
FMBN Seeks Stronger Partnership with States on Affordable Housing In a bid to deepen the impact of its affordable housing delivery programs to a greater number of Nigerian workers within the low and medium-income bracket nationwide, the Federal Mortgage Bank of Nigeria (FMBN) has solicited for more robust collaboration with state governments…..read more.
Japan warns about risks to economy from China virus outbreak Japanese Economy Minister Yasutoshi Nishimura warned on Tuesday that corporate profits and factory production might take a hit from the coronavirus outbreak in China that has rattled global markets and chilled confidence…..read more.
Britain is expected to give Huawei a restricted role in its 5G rollout. The US won’t be happy Huawei could be about to find itself at the center of an intense political rift between Britain and the United States….read more.