A definition of the word ‘trade’ cannot be found in Nigerian tax legislation although an attempt was made in PITA. The interpretation Section of the Fifth Schedule of PITA defines “trade or business” to mean “trade or business or that part of a trade or business the profits of which are assessable under this Act”.

So much has been written about the success of the ongoing Glo Premier league, on and off the field that I have very little to add.
I do appreciate however the constant assertion by the operators that there is still much to be done before we can relax and thump our chests. Such an area is in the Club Licensing structures.

“After 60 days ICAO will forward the USAP CMA audit report to Nigeria. In 30 days, Nigeria will submit its comments on the audit report if any. Within another 30 days, the country will submit to ICAO its Corrective Action Plan (CAP)” he said. An elated Capt. Usman revealed that he was happy that Nigeria performed better than she did in 2008 adding that the country would not rest on her oars but will continue to ensure that our air transport operation is secure and safe.

“I believe a nurse can work in any health organisation, pharmaceutical company or a company with health needs because nurses are needed 24/7 and the possibilities are limitless; there is always an opportunity for employment.

Investors in the Nigerian capital market have been excluded from paying extra fee for biometric and signature verification in the process of keying into the automation of capital market activities. Mr. Niyi Ajao, Executive Director, Technology and Operations, Nigeria Inter –Bank Settlement System (NIBSS) disclosed to Vanguard that arrangements were reached by Central Bank of Nigeria, CBN , Securities and Exchange Commission SEC an NIBBS to ensure that investors do not incur extra charge as the market moves into full automation processes.

It is atypical for an American president to invite a nascent African head of state to the White House, especially less than one month after the latter’s inauguration. To some observers, therefore, US President Barack Obama’s invitation of his Nigerian counterpart, Muhammadu Buhari, for a White House parley scheduled for July 20 would seem to be an aberration and a surprise. But an analysis of both leaders’ circumstances suggests that such a meeting is a no-brainer.

Lagos – Following a huge debt burden of N418.2 billion left behind by former governor of Lagos State, Mr Babatunde Fashola, the Lagos State chapter of the Peoples Democratic Party, PDP, has restated its call on the state government to probe the Fashola administration.

The on-going exercise by operatives of the Lagos State Special Task Force on Environmental and other Related Offences to rid Lagos of miscreants and other criminal elements, has led to the arrest of at least 93 suspects, including 23 teenagers, in Lagos, particularly at the popular Oshodi area of the State.

The letter said, “We are to inform you that before now the Labour Party had reported to the Police that their certificate of registration is missing because Dan Nwanyanwu after leaving the party told the National Chairman of the party that the certificate of registration was missing. In the build up to political activities leading to the 2015 General Elections, Nwanyanwu, for reason very personal to him left the Labour Party and joined the presidential campaign team of President Goodluck Jonathan.

The crisis in the APC was blown open by the divergent positions taken by some prominent party leaders ahead of the June 9 leadership contests in the two chambers of the National Assembly.