A section of the Nigerian economy which will feel the impact of the recent increase in Value Added Tax from 5% to 7.5% is Micro Small and Medium Enterprises (MSMEs). President Muhammadu Buhari recently signed the Finance Bill which among other things, increased Value-Added Tax (VAT) from 5% to 7.5%[Read More…]
Author: Godwin Anyebe
CBN raises Cash Reserve Ratio to 27.5%
The Central Bank of Nigeria has raised the Cash Reserve Ratio from 22.5 per cent to 27.5 per cent. Briefing the press after the first Monetary Policy Committee (MPC) meeting in 2020 held in Abuja, the CBN Governor, Mr Godwin Emefiele, said that all other parameters were retained. Accordingly, the[Read More…]
DisCos lied, we didn’t direct them to decommission metres – NERC
The Nigerian Electricity Regulatory Commission (NERC) says it has not directed the decommissioning of metres by the Electricity Distribution Companies of Nigeria (DisCos). NERC’s General Manager, Public Affairs, Mr Usman Abba-Arabi, made this known in a statement in Abuja on Friday. Abba-Arabi said that the commission did not also direct[Read More…]
Facebook seeks partnership with NCC
The management of Facebook, a leading global digital services provider, recently paid a visit to the Nigerian Communications Commission (NCC) to explore opportunities for collaboration and partnership for infrastructure deployment to strengthen connectivity, enhance businesses and bolster citizens’ embrace of digital culture. Underscoring the centrality of infrastructure to the flourishing[Read More…]
Nigerians beware of CORONAVIRUS
Dear Editor, This is what is going on around the world now. Please share with your assembly in order to keep everyone healthy:—- Awareness should be aggressively spread about this new virus known as the Coronavirus. It was recently discovered in China, where it was found to have killed ten[Read More…]
Quickteller Launches “Everything is Possible” Campaign
Quickteller, a consumer payment platform of Pan-African integrated digital payments company – Interswitch – known for providing seamless payment solutions, has launched a new campaign themed “Everything is Possible”. The campaign demonstrates the ubiquitous nature of the Quickteller platform. The commercials, which have just been released, are in two versions:[Read More…]
Consumers will enjoy uninterrupted power supply in no distance time – Momoh
James Momoh, chairman of the Nigerian Electricity Regulatory Commission (NERC), says he has a dream that Nigerians will enjoy uninterrupted electricity supply one day. This is coming less than five days after the national grid collapsed twice within two hours, causing blackout across the country. The Transmission Company of Nigeria[Read More…]
Open letter to the Vice Chancellor Nnamdi Aziikiwe University Awka
*”The white men came to Southern Nigeria with Bible in their left hand and a sword in their right hand, while they gave us the Bible, they invaded our homes, took the strongest amongst us as slaves, exchange them for a mirror and took our people to their country for[Read More…]
Minor Review of MYTO For NESI
The attention of the Nigerian Electricity Regulatory Commission (the “Commission”) has been drawn to reports in the media that an immediate increase in end-user electricity tariffs has been approved by NERC. The Electric Power Sector Reform Act provides that the Commission shall determine and periodically review electricity tariffs charged by[Read More…]
Ohanaeze Youths Petition Over Jerome Nwome’s Death
The National Agency for Food and Drug Administration and Control (NAFDAC) is seriously concerned over a publication in the Punch Newspaper of 4th January, 2020 captioned ‘Ohanaeze Youths Petition NAFDAC Over Boy’s Death’. Edward Nnachi stated in the publication that the leadership of the apex socio-cultural youth organisation in Igboland,[Read More…]
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]