NRS explains VAT charges on bank customers’ transactions

By Emma Ujah, Abuja Bureau Chief The Nigeria Revenue Service (NRS) has clarified that there was no fresh imposition of Value-Added Tax (VAT) on banking services.  In a statement yesterday, the NRS said VAT has always applied to banking services and not newly introduced under the new Nigeria Tax Act. The statement signed by Dare Adekanmbi, […]
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PDP installs caretaker committees in 5 strategic states

The National Working Committee, NWC, of the Peoples Democratic Party, PDP, has approved the appointment of caretaker committees to take charge of the party’s affairs in Delta, Enugu, Imo, Rivers and Osun states.

APC mocks Atiku over son’s rejection of ADC

The Lagos State chapter of the All Progressives Congress (APC) has described the decision of Abubakar Atiku Abubakar, son of former Vice President Atiku Abubakar, to reject the African Democratic Congress (ADC) and align with the APC as a major blow to Atiku’s political credibility.

Diaspora Group pushes for APC membership registration

The President of the Nigerian Community in Turkey, Prince Magbo, has launched a global mobilization effort for All Progressives Congress (APC) party faithful and Nigerians abroad to participate in the ongoing APC membership registration and revalidation exercise.

Abducted doctor in Edo regains freedom after N50m ransom

By Ozioruva Aliu BENIN CITY—The kidnapped doctor in Auchi, Edo State, Dr. Tahir Abu, whose brother was killed by the kidnappers, has regained his freedom after his family paid a ransom of N50 million. Dr. Abu and his younger brother were abducted on January 2 at their residence along City Pride Road, Igbira Camp, Auchi. […]

Delta lawmaker installs 10KVA solar mini-grid at Bomadi General Hospital

….As community leaders, hospital management applaud lawmaker’s development initiatives By Chancel Bomadi Sunday BOMADI — The lawmaker representing Bomadi/Patani Federal Constituency in the House of Representatives, Hon. Nicholas Ebomo Mutu, has installed a 10KVA solar mini-grid at Bomadi General Hospital to ensure uninterrupted electricity supply to the Delta State-owned health facility. The solar installation was […]

Naira down to N1,490/$ in parallel market

By Elizabeth Adegbesan The Naira yesterday depreciated to N1,490 per dollar in the parallel market from N1,480 per dollar on Tuesday. But the naira appreciated to N1,419.5 per dollar in the Nigerian Foreign Exchange Market, NFEM. Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira fell to […]

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