Buhari Receives Mali Envoy, Promises Support Within ECOWAS Limitations

President Muhammadu Buhari has reiterated Nigeria’s commitment to work with Mali within the requirements of the Economic Community of West African States(ECOWAS). Buhari disclosed this on Thursday, when he received a Special Envoy from Col. Assimi Goita, the transitional president of Mali. The team led by Col. Abdoulaye, Mali’s minister of territorial administration and decentralization,…

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FG Set to Implement New Taxes

A new excise duty has been introduced by the Federal Government on all carbonated and sweetened beverages commercially available in Nigeria. The new development places a N10 tax on every litre of carbonated, sweetened, and non-alcoholic drinks sold in the country. Excise duty is a kind of tax levied on the manufacturing, licensing, and sale…

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Domestic Companies Increase Nigerian Stock Market with ₦450 billion Gain

The Nigerian Stock market closed on a bright spot with an enormous gain of ₦450billion yesterday. The upturn in the equity market was realised from gains recorded from the domestic companies of large and medium capitalised stocks, amongst which are; Airtel Africa, Oando, Seplat Energy, Ardova, and Nigerian Exchange Group (NGXGroup). The All-Share Index (ASI),…

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Unremitted Taxes Worth N5.8 billion Due from 12 MDAs – Auditor General’s Report

Office of the Auditor-General for the Federation, OAuGF, has disclosed that about 12 Ministries, Departments and Agencies of government (MDAs) has refused to remit N5.8 billion worth of taxes. The MDAs concerned are: Nigerian Civil Aviation Authority, Federal College of Freshwater Fisheries Technology, Nigerian Correctional Service, House of Representatives, National Assembly Service Commission, the Senate,…

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