BUSINESS
States Government, Not FIRS To Collect VAT – Court Declares
The Federal High Court sitting in Port Harcourt has declared that it is the Rivers State Government and not the Federal Inland Revenue Services (FIRS), that should collect Valued Added Tax (VAT) and Personal Income Tax (PIT) in the State. The court presided over by Justice Stephen Dalyop Pam, has also issued an order of perpetual injunction restraining the Federal...
Buhari To Lead 11 African Nations To Negotiate $19bn Soft Loan
The Pan Africa Great Green Wall (PAGGW) countries have appointed President Muhammadu Buhari President of the Heads of States and Government of the PAGGW to facilitate $5bn grant and $14bn soft loans for the agency. The minister of environment, Dr Mohammad Mahmood Abubakar, who disclosed this during the ministerial briefing on recent developments in the environment sector also said the...
ANAN Inducts 1,494 New Members As Certified National Accountants
As part of activities marking the 2021 Mandatory Continuing Professional Development (MCPD) of the Association of National Accountants of Nigeria, the leading professional accounting body has inducted as Certified National Accountants 1,494 members. This is with a charge on them to continue to be outstanding in upholding all professional accounting ethics while in practice. Speaking at the event which marked the...
High Cost Of Cooking Gas Angers Enugu Residents
Some residents of Enugu metropolis have criticised the high cost of cooking gas in the state, the News Agency of Nigeria (NAN) reports. A correspondent of NAN, who conducted a market survey on the price of cooking gas in some cooking gas plants and outlets on Wednesday, observed that the prices of the products had increased by 50 per cent. NAN...
AuGF Pledges Support To ANAN On Environmental, Disaster-Related Auditing
Auditor General for the Federation, Mr. Aghughu Adolphus has pledged the readiness of his office to partner with a leading professional accounting body in Nigeria, Association of National Accountants of Nigeria, ANAN in incorporating performance, environmental and disaster-related auditing into its curriculum. While suggesting that this incorporation can come by way of separate surveys or at the professional examination of...
CBN To Supply Forex To Banks Only
The Central Bank of Nigeria, CBN has announced that Forex will only be supplied to banks as all sales to Bureau De Change operators (BDCs) have been discontinued. CBN Governor, Godwin Emefiele made this revelation during a Monetary Policy Committee (MPC) meeting on Tuesday, July 27th. Emefiele disclosed that the apex bank had to make this move because of the suspicious...
Minerals Development: Turkish Ambassador Hosts Uche Ogah
As part of moves to synergize with Nigeria for the development of mineral resources, Ambassador of the Republic of Turkey to Nigeria, H.E, Ambassador Hidayet Bayraktar recently hosted Nigeria's Minister of State for Mines and Steel Development, Dr. Uche Ogah. ABN TV gathered that the minister and his host also discussed Nigeria-Turkish relationship in the Minerals and Metal sector and...
CBN Stops Licensing Of Bureau De Change Operators
The Central Bank of Nigeria (CBN), has stopped the licensing of Bureau De Change (BDC) operators in the country, ABN TV reports. This is according to the apex bank’s governor, Godwin Emefiele. He made this known at the MPC briefing on Tuesday, July 27, 2021. While Emefiele said CBN will no longer license new BDC operators, he also disclosed that all current...
FG To Boost Benue’s Agric Sector – Minister
The federal government has expressed its desire to transform the agriculture sector of Benue State in order to boost food production and encourage exportation. This was disclosed yesterday by the Minister of State for Industry, Trade and Investment, Mariam Katagum, in Makurdi at the official inauguration of the state office for the implementation of the Nigeria Agribusiness and Agro-Industry Development...
Nigerians’ll Soon Enjoy Improved Power Supply — FG
The Minister of Power has promised that the Ministry of Power will improve the electricity supply to Nigerians. Mamman speaking with newsmen during the Eld-el-Kabir celebration in Jalingo said that communities that were underserved would enjoy adequate service soonest. He also assured those communities who had not been connected to the national grid that alternative sources of power generation would be...
