Kaduna Govt Shuts Down Telecommunications, Bans Motorcycles

Crime & SecurityTelecommunicationKaduna Govt Shuts Down Telecommunications, Bans Motorcycles

Beloved John (Staff Writer)September 29, 2021

KADUNA — The Kaduna State Government has directed all telecommunications firms to suspend their services in some LGAs in a bid to check the activities of bandits. Kaduna joins the list of northern states to adopt similar measures in fighting banditry and rising insecurity. Samuel Aruwan, the State’s Commissioner for Internal Security and Home Affairs, announced this on Wednesday while addressing journalists. According to him, the use of motorcycles for transport services has also been...

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How Rotational Presidency Can Be Done – el-Rufai

NewsNigeria ElectionsHow Rotational Presidency Can Be Done – el-Rufai

Beloved John (Staff Writer)September 28, 2021

KADUNA — Kaduna’s Nasir el-Rufai, has said anyone positing that the north must give power to the south in 2023 is foolish. The governor made his stand on rotational presidency public on Monday while speaking with journalists in Kaduna. El-Rufai’s statement was a reaction to the demand of some southern governors that power must go to the south in 2023. The governor said rotational presidency is only possible but there has to be an agreement...

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Decentralization of VAT Collection is Detrimental to Interstate Trade – NGF

BusinessEconomyTaxationDecentralization of VAT Collection is Detrimental to Interstate Trade – NGF

Beloved John (Staff Writer)September 27, 2021

KADUNA — The Northern Governors Forum (NGF) has said the collection of value-added tax (VAT) by states will result in inflation in the prices of goods and services. The forum asserted that such a move will also create interstate trade barriers. This resolution was at a meeting with northern state emirs and chiefs in Kaduna on Monday. “VAT is being confused by these State Government as a sales tax. “If every State enacted its own...

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FG is Investigating Officials Helping Travelers Evade COVID-19 Requirements — Mustapha

CoronavirusVaccinationFG is Investigating Officials Helping Travelers Evade COVID-19 Requirements — Mustapha

Beloved John (Staff Writer)September 27, 2021

ABUJA — The federal government has said reports of corrupt airport officials who help travelers evade Covid requirements are currently been investigated. Boss Mustapha, secretary to the government of the federation (SGF), disclosed this on Monday during the national briefing of the presidential steering committee (PSC) on COVID-19. Mustapha stated that the government is aware of reports that accuse some officials of taking bribes from travelers and help them escape dealing with the quarantine requirements....

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Lagos Will Do More for Residents if VAT is Decentralized – Sanwo-Olu

BusinessEconomyTaxationLagos Will Do More for Residents if VAT is Decentralized – Sanwo-Olu

Beloved John (Staff Writer)September 27, 2021

LAGOS — The state government will be able to do more for residents if allowed to collect value-added tax (VAT), according to the Lagos state governor, Babajide Sanwo-Olu. The governor made his point on Sunday at the 61st Independence Day celebration service, held at the Chapel of Christ The Light, Alausa, Ikeja, Lagos state. The FIRS has been embroiled in a legal tussle over VAT collection with the Lagos and Rivers state government in the...

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eNiara: CBN Launches Website for First Digital Currency

BusinessEconomyMoneyeNiara: CBN Launches Website for First Digital Currency

Beloved John (Staff Writer)September 27, 20212

ABUJA — The Central Bank of Nigeria (CBN) has launched an official website for the operations of eNaira, the country’s first digital currency. According to a report by TheCable, the website, www.enaira.com, started running on Monday, despite been at still at the development stage. Godwin Emefiele, governor of the CBN, had said the pilot scheme of eNaira would commence on the 1st of  October 2021. “We have all the approvals and mandates to launch on...

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FG is Considering Taking Rivers, Lagos to Supreme Court Over VAT Collection – Malami

BusinessEconomyTaxationFG is Considering Taking Rivers, Lagos to Supreme Court Over VAT Collection – Malami

Beloved John (Staff Writer)September 24, 2021

ABUJA — The federal government is considering filing a suit at the supreme court to resolve the ongoing dispute about value-added tax (VAT) collection. Abubakar Malami, attorney-general of the federation (AGF), disclosed this to the News Agency of Nigeria on Wednesday in New York. According to the AGF, the federal government would like the matter to be determined once and for all. He maintained that the FIRS would continue to collect VAT following the directive...

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Why VAT Should Be Decentralised – Akwa Ibom Governor

BusinessTaxationWhy VAT Should Be Decentralised – Akwa Ibom Governor

Beloved John (Staff Writer)September 23, 2021

Udom Emmanuel, governor of Akwa Ibom State, has said the decentralisation of value-added tax (VAT) collection will be beneficial to every state in the country. He made his stand public on Thursday when he featured on an Arise TV programme. According to him, those against the decentralisation of VAT collection can’t envision its hidden potential. Udom opined that the decentralisation of VAT collection will favour every single state in the country. “If my brother states...

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TAT Adjourns Ruling as Multichoice Confirms Payment of N8bn Deposit in ‘Tax Envasion’ Dispute

BusinessTaxationTAT Adjourns Ruling as Multichoice Confirms Payment of N8bn Deposit in ‘Tax Envasion’ Dispute

Beloved John (Staff Writer)September 23, 2021

LAGOS — Multichoice Nigeria Limited (MCN) has said the directives of the tax appeal tribunal (TAT) have been executed, noting that it has deposited into the FIRS account, an amount required by the law. The company announced this on Thursday at the resumption of the tribunal hearing over the alleged N1.8 trillion tax evasion dispute. TAT at the last hearing, had endorsed the FIRS submission and instructed Multichoice Nigeria Limited to deposit with the FIRS...

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FG Sets Up Committee to Recover Illegally-Refined Crude Oil

BusinessOil & GasFG Sets Up Committee to Recover Illegally-Refined Crude Oil

Beloved John (Staff Writer)September 23, 2021

ABUJA — To ensure transparency in the production of crude oil, the federal government on Thursday, inaugurated an inter-ministerial committee. The committee is to assess, report and supervise the refining of the crude oil in the Niger Delta while minimizing the environmental hazard the resource poses. The inter-ministerial committee will also tackle the illegal refining of crude oil in the Niger Delta. At the inauguration, Umar Mohammed, the acting solicitor-general of the federation who represented...

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