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FIRS Gets N23bn Unpaid Taxes From Corporate Firms After Accounts Suspension

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The Federal Inland Revenue Service (FIRS) has generated over N23billion in unpaid taxes from the recently suspended substitution exercise on corporate bank accounts, marked by(more…)

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FG earns N1.1tn from VAT, recovers N33bn from defaulters

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The National Bureau of Statistics has said that the country generated a total of N1.1tn as Value Added Tax revenue in the 2018 fiscal period.(more…)

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Samsung’s Foldable Phone Is The Galaxy Fold, Starting At N714,780

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Samsung first teased its foldable phone back in November, and at the company’s Galaxy Unpacked event today it’s further detailing its foldable plans. Samsung’s foldable(more…)

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Nigeria’s population growing faster than economy – Report

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The Nigerian economy is growing slower than the growth rate in its population, the FSDH research has revealed. According to the research by the FSDH(more…)

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Fuel Price Slashed To N140 Per Litre, Effective From Wednesday

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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has concluded to slash fuel price from N145 to N140. This was after their meeting held on(more…)

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Airlines lose billions over election postponement

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Domestic carriers were yesterday hard hit by the postponement of Presidential and National Assembly elections by the Independent Electoral Commission (INEC). Their inability to operate(more…)

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Bayelsa govt opens N60bn airport

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The Bayelsa State Government has opened its over N60bn international airport. The airport, known as Bayelsa International Airport, was opened on Thursday with an inaugural(more…)

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N3.4bn tax debt: FIRS to sell properties of 52 firms

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The Federal Inland Revenue Service is to dispose of the properties of 52 companies over tax debts valued at about N3.4bn. Investigations by our correspondent(more…)

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Stocks reverse losses as investors gain N334bn

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Stock market investors gained a total of N334bn last week as the market closed on a positive note for five straight sessions. The market capitalisation(more…)

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Nigeria spends N5.468tn on debt servicing in 39 months

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EVEREST AMAEFULE reports that in 39 months, the country spent a total of N5.468tn on servicing domestic debt and foreign debt as experts claim that(more…)