The Federal Inland Revenue Service (FIRS) has said that the new Personnel Income Tax law will protect low income earners and make high income earners to would pay more taxes. The Chairman
Read more ...-
-
IMF urges Nigeria to remove subsidy, raise taxes
February 29, 2012 Comment Off 65 ViewsNigeria needs to deepen its drive in subsidy reforms and improve tax administration to achieve its development need, the International Monetary Fund (IMF) has said. The IMF executive board
Read more ... -
New tax: President, governors to pay tax on income
February 28, 2012 Comment Off 58 ViewsHenceforth the President, vice president, state governors and their deputies will pay taxes from their incomes as it is done by every other tax payer in the country in line with the Personal
Read more ... -
Sanusi: CBN won’t submit budget to N/Assembly
February 27, 2012 Comment Off 63 ViewsCentral Bank of Nigeria (CBN) governor Sanusi Lamido Sanusi said the apex bank will not submit its budget to the National Assembly for appropriation, saying the lawmakers had "donated" its
Read more ... -
Nigeria-India trade hits $9bn
February 27, 2012 Comment Off 35 ViewsAbout 10 Indian business firms took part in a business summit in Abuja last week setting the stage for joint ventures that could create more opportunities between the two countries. The summit,
Read more ... -
Stocks record N35bn gains
February 24, 2012 Comment Off 53 ViewsThe market capitalization of 186 first-tier equities appreciated by N35 billion as market sentiments turned positive. Four out of the five NSE sectoral indices closed positive as NSE 30 which
Read more ... -
SEC to restructure Abuja commodity exchange
February 24, 2012 Comment Off 110 ViewsThe Nigeria’s Securities and Exchange Commission (SEC) said it plans to restructure the Abuja Securities and Commodities Exchange (ASCE) this year. Director General of SEC, Arunma Oteh
Read more ... -
Google will be first to offer real-time, free London Stock Exchange info
February 22, 2012 1 Comment 37 ViewsGoogle (GOOG) is set to bolster its Google Finance service by giving retail investors free access to real-time London Stock Exchange share prices. These were previously only available with a 15
Read more ... -
Ngozi in Beijing for $3bn Chinese loans
February 22, 2012 Comment Off 45 ViewsThe Minister of Finance and Coordinating Minister of Economy, Ngozi Okonjo-Iweala is in China with a 17-member delegation to woo Chinese investors to Nigeria. Today, the minister will lead her
Read more ... -
Nigeria’s Naira Advances to Three-Month High on Dollar Supplies
February 20, 2012 Comment Off 744 ViewsThe naira gained to the strongest level in more than three months as oil companies sold dollars on concern it may weaken further due to continued inflows of the U.S. currency and lower demand
Read more ...