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 ...
Lagos State Governor, Babajide Sanwo-Olu, has cautioned Nigerians against the belief that the existence of coronavirus is a hoax. Instead, he said that COVID-19 cases are rising in Lagos State in a social media post on Sunday. The governor said the Lagos government has activated a new oxygen plant to ensure that more patients recover from the virus. Sanwo-Olu said, “Lagosians, #COVID19 is not a glamorous disease, neither is it a hoax. You need to follow the safety guidelines to safeguard your friends and loved ones. “In the midst of increasing #COVID19 cases, we have some good news from our Infectious Diseases Hospital. “We have activated a new oxygen plant which will help by providing much-needed oxygen to patients. The plant will supplement oxygen supply to about 300 cylinders per day an...
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...
The member representing Ezza South/Ikwo Federal Constituency in the House of Representatives, Hon. Chinedu Ogah, has petitioned the Nigerian Army over the ‘unjust’ dismissal of soldiers from Ebonyi state . Ogah said that the soldiers were sacked unjustly from the military and that a petition has been submitted against their dismissal , expressing confidence that they would be reinstated very soon. The federal Lawmaker disclosed this while addressing thousands of members of his constituency who paid him Christmas visit at his Amagu country home, Ikwo in Ikwo local government area of Ebonyi state Ogah however, used the occasion to intimate them on his activities for the one year he has been in office as their representative in the National Assembly, saying that he had submitted petition agai...
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...
Former Real Madrid player Antonio Gento has died at the age of 80, the club said on Saturday. Antonio is the brother of the six-time European Cup winner Paco Gento who is still honorary president at the Spanish club. Antonio Gento played for Real Madrid during the 1961-62 season and won a Spanish league title and a Spanish Cup. “Real Madrid, its president and board of directors, are deeply saddened by the passing of Antonio Gento,” a statement said. “The club wishes to extend its condolences to all his family, especially our dear Francisco Gento, his friends and loved ones, and all the clubs he represented.” Antonio Gento, a centre-forward, also played for Levante, Racing Santander and Oviedo. Get more stories like this on Twitter You Deserve to Make Money Even When you are looking for Dat...