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FG’s VAT, CIT revenue rise 25% to N3.5trn

FG’s VAT, CIT revenue rise 25% to N3.5trn

By Elizabeth Adegbesan Federal Government’s revenue from Value Added Tax, VAT, and Company Income Tax, CIT, rose by 25 per cent, year-on-year, YoY, to N3.47 trillion  in the first nine months of the year (9m’22) from N2.77 billion in the corresponding period of last year (9m’21). The report of the National Bureau of Statistics, NBS, released […]

CBN may withdraw banks’ forex license over diaspora remittances

CBN may withdraw banks’ forex license over diaspora remittances

By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, yesterday, threatened to withdraw foreign exchange dealership licences of banks that partner with International Money Transfer Operators, IMTOs, to violate its directive that beneficiaries of diaspora remittances should be paid in currency of their choice.  In a bid to boost diaspora remittances especially through the banking system, […]

PIPELINE SURVEILLANCE: Urhobo Traditional Council, Mayor of Urhoboland meet

PIPELINE SURVEILLANCE: Urhobo Traditional Council, Mayor of Urhoboland meet

In furtherance to his agitation over what he described as a wrongful award of security surveillance of OML30 and OML 34 oil pipelines allegedly awarded by proxy to Jimmy Omo-Agege, who is the CEO of Zane Energy, the Mayor of Urhoboland, His Excellency Eshanekpe Israel, a.k.a Akpodoro held closed-door meeting with the body of Urhobo Traditional Council led by His Royal Majesty, Ovie Richard Ogbon, Ogoni Ogboro 1 of Olomu Kingdom recently.

Brooklyn pastor, Lamor Whitehead robbed on live stream in July charged with fraud

Brooklyn pastor, Lamor Whitehead robbed on live stream in July charged with fraud

The Brooklyn pastor who made headlines when he was robbed of an estimated $1m in jewelry during a church service being broadcast online in July was arrested on federal fraud charges on Monday after he allegedly swindled parishioners. US prosecutors in Manhattan charged that Lamor Whitehead, 44, solicited money from victims – including $90,000 from […]