Commerce

Abuja chamber welcomes FCT tax harmonisation

Abuja Chamber of Commerce and Industry (ACCI) has welcomed the plan by the Minister of the Federal Capital Territory (FCT), Alhaji Muhammad Bello to harmonise tax policies within the territory in order end multiple taxations on by businesses in the territory. The President of ACCI, Alhaji Abubakar, in a statement yesterday, commended the minister for acknowledging the challenges faced by businesses within the territory due to series of levies, charges and taxes from Federal, FCTA and Area Councils. “Multiple taxations within the FCT and the larger national economy has imposed crippling consequences on businesses. “The fallout has been many failed businesses, the rising level of inflation, the non-thriving of existing ones and the lack of capacity to engage many unemployed youths. “We want ...

CBN: Naira to fall further in January

Barely five days to the end of the year 2020, the Central Bank of Nigeria has disclosed that a survey carried out by its Statistics Department revealed that the naira is expected to depreciate further in January 2021. The report, titled, ‘December 2020 Business Expectations Survey Report’ added that there might also be a steady rise in interest rate from December till the next six months. The naira witnessed a sharp fall in recent weeks, reaching its lowest on November 30, 2020, when it exchanged for N500/$1. Since then, the dollar has been hovering between N460 and N470. As of Friday, however, one dollar exchanged for 465 in the parallel market. Also, the Nigerian economy had on November 21 slid into its second recession in five years when the economy shrank again in the third quarter. Th...

Kebbi governor empowers 205 women vegetable sellers with N6.15 million

The Kebbi Governor, Alhaji Atiku Bagudu, on Sunday, donated N6.15 million to 205 women vegetables sellers in the state as part of efforts to encourage them to be self-reliant. Newsmen report that each of the 205 women received N30,000 from the donation, in order to boost their vegetable businesses. Gov. Bagudu, who announced the donation at the graduation of the benefitting women in Birnin Kebbi, said that all the women who benefitted from the program had received training in preservation of perishable items. “The comprehensive training of the women traders was conducted by the state chapter of the Kebbi State Vegetables Sellers Association,” he said, lauding the association for the unparalleled gesture that was worthy of emulation by other groups. “The association needs to be commended fo...

Lagos assembly tasks governor on second wave of coronavirus

Following the ravaging effect of the second wave of COVID-19 pandemic, the Lagos State House of Assembly, yesterday, called on the state governor, Babajide Sanwo-Olu, to direct the Commissioner for Information, Mr. Gbenga Omotoso, to intensify public enlightenment campaigns to curtail its spread among Lagosians. Speaker of the House, Mudashiru Obasa, who presented the matter during plenary on Tuesday, also said it was important for the House to invite the Commissioner for Health, Professor Tunji Abayomi, to brief the House on the state government’s efforts to prevent the spread of the disease in the state. He stressed that there was an urgent need to ensure that all the COVID-19 protocols were strictly observed, even as he the government to ensure that enforcement was total as the most rel...

U.S. treasury, others under cyberattacks by hackers

The U.S. Treasury and Commerce departments, alongside other government agencies have been targeted by hackers, several media reports indicated on Sunday. National Security Council spokesman John Ullyot told dpa “the U.S. government is aware of these reports and we are taking all necessary steps to identify and address potential issues related to this situation.” The Department of Commerce confirmed to CNN that hackers had overcome protective measures in one of its offices. The Washington Post reported hackers with ties to Russian intelligence agency SVR were responsible for the attacks on the Treasury and Commerce departments as well as other U.S. agencies. It was unclear what information had been captured, according to the report, which also said the FBI had been brought in to investigate...

Indian farmers protest against farm laws

Police in India’s northern states Punjab and Haryana on Thursday had to stop the farmers at different inter-state borders from entering Delhi, who planned to protest against the recently passed farm laws. The protesting farmers contend that the three farm laws were detrimental to their interests. On the other hand, the federal government said the new laws aimed at “liberalizing” the farm sector and promising more incomes to farmers. A large number of farmers’ organizations in Haryana and Punjab states had called for a two-day protest in Delhi on Thursday and Friday. TV footages showed the farmers breaking the barricades installed by the police personnel. Some even threw the barricades into a river, while the police dispersed the farmers using water-canons and teargas shells. Thousands of f...

Recession: The worse may be possibly over – Lagos chamber

The Lagos Chamber of Commerce and Industry (LCCI) says the nation’s economic contraction of 3.62 per cent of the third quarter against the 6.1 per cent of the second quarter of the year may indicate that the worst is over. The post Recession: The worse may be possibly over – Lagos chamber appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.

Lagos chamber advises central bank on tackling inflation

The Lagos Chamber of Commerce and Industry (LCCI) has urged the Central Bank of Nigeria (CBN) to address the supply side variables impacting domestic prices. The post Lagos chamber advises central bank on tackling inflation appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.

Why we imposed levy on every loaf of bread in Kogi – official

The Kogi State Government has contracted a consultant to levy every bread baked, with the Ministry of Commerce and Industry. The post Why we imposed levy on every loaf of bread in Kogi – official appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.

#EndSARS: PDP asks Lagos governor to resign

The Peoples Democratic Party, (PDP), Lagos State chapter, has asked Governor Babajide Sanwo-Olu, to resign as he no longer enjoys the confidence of the people. Publicity Secretary of the party in the state, Taofik Gani, on Sunday, said Gov Sanwo-Olu can no longer be trusted in the wake of the Nigerian Army’s disclosure that it was the governor that invited them to quell and disperse the #EndSARS protesters at the Lekki Toll-Gate, where an unspecified number of people were either killed or injured. He said, “The PDP is of the view that it is more expedient for Governor Babajide Sanwo-Olu to step aside now that the Nigerian Army has revealed him as the person who invited the soldiers to go quell the Lekki protests which have led to unfortunate fatalities and grievous injuries. Obviously, Lag...

Nigeria to begin business sample census October 12

File Photo The National Bureau of Statistics, NBS, is to commence National Business Survey after 22 years. The statistician General of the Federation, Dr. Yemi Kale, announced this on Monday while delivering a keynote address at the Training of Trainers for the National Business Sample Census (NBSC) 2020 in Abuja. Kale said the information emanating from the census activity would be primarily useful in understanding the nature and structure of the economy, as well as providing a sound business frame for the conduct of economic surveys in the country. The Business Census also known as an Economic Census is a statistical exercise that involves the enumeration of formal and informal business establishments across the country. During this process, commercial and industrial business operations ...

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