Objectives

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 ...

Ex-Governor Ngilari: PDP is dead, will be buried in 2023

Former Adamawa Governor Bala James Ngilari, said the Peoples Democratic Party (PDP) has no future in Nigeria because it is a dying party. Ngilari said this at the state All Progressives Congress (APC) stakeholders meeting on Saturday in Yola. The former governor who defected to APC in 2020, was the PDP’s Adamawa North Senatorial Candidate at the 2019 general election. ” One of the reasons why I dumped PDP for APC is that PDP is a dying party. In fact, PDP is dead and it will be buried in 2023. ” Secondly, I don’t see PDP as an alternative for the future of Nigeria, because the contradictions in the party will make its members go to the graveyard and we will help them bury themselves. ” And the reason why I identified myself with APC is because of its laudable objectives that will take us t...

#EndSARS: It’ll take long to rebuild destroyed property – Governor Sanwo-Olu

Governor Babajide Sanwo-Olu of Lagos State, said, yesterday, that it would take the state time to rebuild the properties destroyed during the EndSARS protests. This came on a day the Lagos State government disclosed that the 2021 budget of N1.164 trillion would be funded from a revenue estimate of N971.028 billion in the fiscal year, with a target on the expansion of tax nets. Governor Sanwo-Olu stated this while briefing State House correspondents, after meeting behind closed doors with President Muhammadu Buhari, at the Presidential Villa, Abuja. He said the meeting dwelt more on the second wave of the Coronavirus pandemic, security situation and the impact of the #EndSARS protests in the state. On rebuilding Lagos after the EndSARS protests, he said: “It is also some of the things I dis...

FCT chief judge bows out service

The Chief Judge of the Federal Capital Territory (FCT), Justice Ishaq Usman Bello, on Tuesday bowed out of service on the attainment of 65 years of age. This is even as he declared in his speech at a valedictory court session held in his honour that the greatest strength of the judiciary remained the trust, reliance and faith of the people in it. Bello, who became the FCT CJ on May 28, 2015, said that in a democratic set up like Nigeria’s, the judiciary had to be impartiality. “I solemnly accept as true the saying that the greatest strength of the judiciary is the trust, reliance and faith of the people in it. “In several cases, I have seen the court take decisions against the state as well for the achievement of the ends of justice. I know this well because I have delivered some myself,” ...

NAICOM: Don’t shun insurance despite inflation, harsh business environment

File Photo As businesses and individuals adopt cost reduction measures in response to rising inflation and the harsh business environment, the National Insurance Commission, NAICOM, has charged Nigerians to avoid the tendency to shun insurance of their assets. Commissioner for Insurance, Mr. Sunday Thomas, who gave the charge noted that despite the biting inflation in the country, even as people reduce the cost of expenses, this is not the best of time to reduce insurance consumption. Thomas stated this at a webinar organised by Coronation Insurance Plc in partnership with Access Bank Plc, with the theme: “Managing Business Risks at a Time of Uncertainty.” Thomas, who was represented by Mr. Taiwo Adeoye, Technical Adviser to the Commissioner for Insurance, noted that sometimes the gain in ...

Nigerian government says 300,000 mass housing scheme strictly for low income earners

The Federal Government says its Social Housing Programme, one of the components of the National Economic Sustainability Plan (NESP), is targeted at low income earners. Imeh Okon, Senior Special Assistant to the President on Infrastructure, who made this clarification on Tuesday in Abuja, said the scheme was not meant for politicians or highly placed persons. The 300,000 social housing programme is a component of the NESP designed by the Vice President Yemi Osinbajo-led committee constituted by President Muhammadu Buhari to cushion the effects of COVID-19 on Nigerians. She explained that one of the objectives of the administration was to provide houses for citizens across the country. Okon said that the houses would be durable and of high quality not minding the low prices. “It is a social ...

ABU trains 500 head teachers of Kaduna public primary schools

The Institute of Education, Ahmadu Bello University (ABU), Zaria, on Monday began a five-day training to develop the managerial capacities of 500 head teachers and other officials on basic education in Kaduna State. Tijjani Abdullahi, the Executive Chairman of the Kaduna State Universal Basic Education Board, in his address, said that the training was funded by the Universal Basic Education Commission (UBEC). Mr. Abdullahi, represented by the Director of School Services, Aliyu Idris, said that the trainings were taking place simultaneously in Zaria, Kaduna and Kafanchan. He said the goal is to equip the head teachers with the necessary skills for effective and efficient management of basic education in the state. “This is part of Gov. Nasri El-Rufai-led administration’s efforts to improve ...

Mikel Arteta expects difficult January transfer window

Arsenal manager Mikel Arteta says the club do not have much room to manoeuvre in the January transfer window and may have to offload players before they can add to the first-team squad. Arsenal are reportedly looking for a creative midfielder, with RB Salzburg’s Dominik Szoboszlai and Olympique Lyonnais’ Houssem Aouar among the options being considered, while Arteta would also like to improve his defensive options. “We are planning, talking with (technical director) Edu and with the club about the things we can do in January,” Arteta told reporters. “But at the moment it’s pretty difficult, unpredictable as well. In terms of places, we are very restricted in the moment. “We will need to do something knowing the limitations of that market in January and the limitations we have as well to si...

NSE retains global 2020 information security management certification – audit

The Nigerian Stock Exchange (NSE) on Friday announced that it had retained its ISO 27001:2013 certification for Information Security Management System (ISMS) in the 2020 surveillance audit by the British Standards Institution (BSI). The post NSE retains global 2020 information security management certification – audit 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.

Ex-President Obasanjo: Jerry Rawlings supported my NGO when Sani Abacha jailed me

He recalled that Rawlings, who died on Thursday at the aged 73, supported and accommodated his non-governmental organisation, the Africa Leadership Forum, when former Nigerian Military Leader, Sani Abacha, jailed him in 1995. The post Ex-President Obasanjo: Jerry Rawlings supported my NGO when Sani Abacha jailed me 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.

CAC withdraws registration of ‘Enough is Enough’

The Corporate Affairs Commission, CAC, Tuesday cancelled the registration of the Business name ‘Enough is Enough’ with immediate effect. The commission disclosed this on its Twitter handle, @cacnigeria1. “Based on the provisions of Section 579 (2) of the Companies and Allied Matters Act, (CAMA), the Corporate Affairs Commission has cancelled the registration of the Business name “Enough is Enough BN 2210728” with immediate effect. “The Business Name “Enough is Enough” which was registered in 2012 to engage in General Contracts, Sales of Sport Equipment/Promotion deviated from its main objectives over the cause of time. “Consequently, the Commission has removed it from its database and advised the proprietors to surrender the certificate earlier issued to them.” Get more stories like this o...

Pressure on banks over consumer loans money market

A Central Bank of Nigeria, CBN, Survey Report has shown that banks experienced higher loan default rates on credit cards and overdrafts/ personal lending to household in the third quarter of the year (Q3’20). The survey also noted that lenders expect to tighten the conditions for which loans are given to borrowers (loan covenant) in the next quarter (Q4’20). The Survey Report titled: ”Credit Condition Survey Report for Q3’20″ stated:”Lenders experienced higher default rates on credit card and overdrafts/personal lending to households in Q3’20 but expect lower default rates in Q4’20. “Losses given default on total unsecured loans to households and overdraft/personal loans to households both declined in Q3 2020. “Similarly, default on total unsecured loans to households was expected to worse...