Naira devaluation hits industries hard
At the interbank foreign exchange market, the exchange rate of the naira to a dollar is N196.9 while in the black market it hovers between N210 to N214 to a dollar. Similarly, British Pound Sterling exchanges between N303 to N304 to the Naira, while thed Euro exchanges for N222.
Buhari moves into Presidential Villa
Abuja—President Muhammadu Buhari, yesterday evening, moved into the Presidential Villa preparatory to resuming at the State House this morning, almost three weeks after he was sworn into office.
Review allocations of oil blocs, PENGASSAN tells Buhari
THE Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has alleged that the allocation of oil blocs in the country lacked transparency and has urged president Muhammadu Buhari to review the process.
Vat on services of banks and other financial institutions
The Value Added Tax Act Cap V1 LFN 2004 (as amended) imposes a tax known as Value Added Tax (VAT) on taxable goods and services. Part 2 of the First Schedule to the Act only exempts services rendered by Community banks, Peoples bank and Mortgage institutions from VAT.
Salary arrears: What manner of bailout?
So, where will Buhari get the additional funds to bail out the States and also remediate those critical infrastructural deficits that urgently cry out for attention on the federal level, particularly in the areas of Education, Health and Transportation. Regrettably, rather than deploy the modest proceeds of the Excess Crude Account directly to critical infrastructure, these funds were stashed away as idle deposits and then gradually, simply whittled down, as recurrent consumption expenditure.
An ambitious woman knows what she wants and how to get it!
Faith represents the crop of highly ambitious young women the society is suddenly grappling with. Pretty with a degree under her belt, she was very lucky to be employed by one of the mobile phone network companies. Her boyfriend of almost six years, with whom she went to the university, wasn’t so lucky with employment. He now teaches at a private secondary school. “We’re so close I couldn’t imagine my life without him”, Faith told me smugly as she celebrated yet another promotion in her job. As the get-together progressed, a casually dressed gentleman made a brief appearance. Faith and Justus, her boyfriend, made a fuss of him but he was out of the venue in minutes – he said he only called to be part of the celebration, albeit briefly. Poor Justus couldn’t read the body language between Faith and her boss. He was too busy entertaining the august guest and gushing over his every word.
