Manufacturing export limps as revenue drops 166% to N778bn
Nigeria’s quest for diversified foreign exchange earnings away from oil not feasible for now as revenue from the manufacturing export sector plunged 166 per cent to N778.4 billion from the N2.1 trillion height reached in 2019.
Labour moves against 6% stamp duty on tenancy, lease
By Victor Young Organised labour has rejected recent order by the Federal Inland Revenue Service, FIRS, to property owners and their agents to charge 6 percent Stamp Duty on all tenancy and lease agreements enter into with all leases and remit to the service. Trade Union Congress of Nigeria, TUC, in a statement on Sunday, […]
Twitter sees surge in users; revenue slides amid turmoil
Twitter said Thursday user growth soared in the past quarter even as ad revenues took a hit amid civil unrest in the United States. The short-messaging service reported a net loss of $1.2 billion in the quarter, most of that coming from setting aside funds for income taxes. Revenue slumped 19 percent from a year […]
Delta Govt introduces property tax to boost revenue
As part of measures aimed at boosting its revenue base, Delta State Government is to introduce property tax in urban areas of the state.
Reps begin investigation to identify, block $30bn annual revenue leakage
The House of Representatives has commenced investigations to identify and block revenue leakages that cost Nigeria in excess of $30 billion annually. The investigative hearing which began on Monday in Abuja, was organized by the joint house committees on Finance, Banking and Currency. The Speaker of the house, Rep. Femi Gbajabimila, said that Nigeria is […]
How Ex-warlord, Tompolo’s maritime security contract boosted NIMASA’s revenue – Jamoh
More than five years after the termination by the Nigerian Maritime and Safety Agency (NIMASA), of maritime security contract it entered with Global West Specialist Vessels Limited, a company said to be sponsored by ex-warlord, Chief Government Ekpemupolo, ( aka Tompolo), the agency’s new Director General, Dr. Bashir Jamoh, has testified that the contract actually […]
