Economy
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Tax clearance certificate, now available in ‘One Click’ says FIRS
The Federal Inland Revenue Service (FIRS) has announced that taxpayers can now get their Tax Clearance Certificate in a single click via its flagship Taxpro Max solution. The TaxPro Max, a tax administration solution introduced by the apex tax authority in June 2021 is a one-stop-shop for taxpayer registration, tax returns filing, tax payment, tax clearance certificate requesting, among other…
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Ogun Assembly passes N472.25bn 2023 appropriation bill, reduces capital expenditure by N805m
By Kolawole Olayinka, Abeokuta Ogun State House of Assembly on Thursday passed the N472.25billion as the 2023 budget as presented by Governor Dapo Abiodun barely a month ago. While passing the budget, the lawmakers adjusted the recurrent and capital estimates and projected revenue in 31 different areas across 26 agencies. The passage of the budget was consequent upon the…
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Real estate is brick and mortar – Olajide Abiola, CEO Smart Residences
Chief Executive Officer of Smart Residences, Olajide Abiola says only the old approach of brick and mortal can solve the real estate situation in the country. Abiola in an interview with Nairametrics, said technology, though good for the sector, can only act as an enabler and not a solution. The real estate expert was speaking on the heels of his…
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Banks’ total assets increase to N69.67trn in Oct 2022
The banking industry’s total assets increased by N12.37trillion or 21.58 per cent from N57.30 billion in October 2021 to N69.67 trillion in October 2022, driven largely by balances with Central Bank of Nigeria (CBN)/banks, investments, and credit expansion to the real sector. As a result, the total flow of credit to the economy, including oil and gas, manufacturing, general, governments…
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FIRS board celebrates management team members for global recognitions
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami has joined members of the Board, management and staff in felicitating with two members of the management team for receiving global recognition awards in tax and technology respectively. While Mr. Mathew Olusanya Gbonjubola, the Group Lead Special Tax Operations Group at the FIRS is listed among the…
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BREAKING: CBN increases individual cash withdrawal limit to N500k per week
The Central Bank of Nigeria (CBN) has increased cash withdrawal limit for individuals and corporate organisations to N500,000 and N5 million per week respectively. This was contained in a letter to all Deposit Money Banks (DMBs) and other financial institutions by CBN Director of Banking Supervision, Haruna Mustafa. The new directive came after the initial one by CBN where cash…
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Average price of petrol increases by 29.81% in November, says NBS
The National Bureau of Statistics (NBS) on Tuesday disclosed that the average retail price paid by consumers for Premium Motor Spirit (PMS) or petrol for November 2022 was N202.48, indicating a 29.81per cent from N167.60 paid in November 2021. According to NBS, the average retail price paid by consumers in October 2022 increased by 3.68per cent Month-on-Month (MoM) from N195.29.…
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Again, Reps give Emefiele two days to appear over CBN’s withdrawal limit policy
The House of Representatives has again given two days ultimatum for the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, to appear before it to explain the new policy of cash withdrawal limit. The House gave the ultimatum in Abuja on Tuesday while reading a letter by Mr Emefiele, explaining why he could not appear on Tuesday during…
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$547m generated from 5G auction
…Buhari applauds ICT sector for driving growth President Muhammadu Buhari on Tuesday eulogized the contributions of the digital economy in driving growth, creating employment and generating revenue for the country, saying auctioning of the 5G spectrum alone generated $547 million, further fueling options for funding development.President Buhari, accompanied by the Minister of Communications and Digital Economy, Prof. Isa Pantami, commissioned…
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Twitter sought negotiation with FG before ban was lifted – Lai Mohammed
Minister of Information and Culture, Lai Mohammed has revealed that Twitter negotiated with the Federal Government after the micro-blogging platform was suspended in the country. According to Mohammed who was speaking in Abuja on Monday, the negotiations were at the request of Twitter. The information minister was reacting to a claim by a former senior Twitter official that there was…
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