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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 ...

NANS: Nigerian government’s 2021 budget for education worst in 10 years

The President of the National Association of Nigerian Students (NANS), Com. Sunday Asefon, has frowned at the 2021 budgetary provision for education under President Muhammadu Buhari, describing it as the worst in the last ten years in the country. Disturbed by the neglect of the education sector, which was apportioned with a paltry of 5.6 percent in the 2021 budget and the high level of insecurity in the country, NANS has planned to organise a Security and Education Summit to partner stakeholders on how to arrest the drift in the two critical sectors Asefon said this in Ado-Ekiti, on Thursday, during a courtesy visit to the office of the Nigeria Union of Journalists, Correspondents’ Chapel, Ekiti chapter. He said: “I condemn totally, the federal government’s 2021 budgetary provision to edu...

Germany starts coronavirus vaccines a day early

A 101-year-old woman in an elderly care home became the first person in Germany to be inoculated against coronavirus on Saturday, a day before the official vaccination campaign was scheduled to get under way in both Germany and the EU. Edith Kwoizalla was one of around 40 residents and 10 staff in a care home in the eastern state of Saxony-Anhalt to receive a jab of the Pfizer-BioNTech vaccine, the home’s manager Tobias Krueger told AFP. The Pfizer-BioNTech vaccine became the first to get the go-ahead for use in the West, when Britain gave its approval on December 2. As other nations from the United States to Saudi Arabia to Singapore followed suit, Germany impatiently prodded the EU’s drugs regulator, the European Medicines Agency, to bring forward its decision from December 29. The EMA f...

AIB signs MOU with France, Saudi Arabia, recommends prevention measures on airspace safety

The Accident Investigation Bureau (AIB) has signed a Memorandum of Understanding (MoU) with France and Saudi Arabia on airspace safety. AIB however said that research and other investigative activities on the agreement could not be implemented due to the COVID-19 pandemic. The agency is also working in collaboration with the National Transport Safety Board in the U.S. and Singapore as well as Republic of Benin, the ECOWAS Commission and its member states. The AIB Commissioner and Chief Executive Officer, Akin Olateru, who made this known while addressing newsmen during the ongoing Regional Enlightenment Symposium in Kano, said the recommendations were made from 2007 till date. Olateru revealed that AIB has so far recommended over 100 standard safety and accident prevention to avert air spa...

European Union backs Ngozi Okonjo-Iweala for WTO role

The European Union has endorsed former Nigerian finance minister Ngozi Okonjo-Iweala as the next director-general of the World Trade Organisation, Bloomberg reported. The business news outlet cited anonymous officials familiar with the matter that all the 27 EU member countries agreed on Monday in Brussels to support Mrs. Okonjo-Iweala. Bloomberg also reported that the United States has decided to back Yoo Myung-hee, South Korea’s trade minister, for the role. The position has been fiercely contested amongst candidates of different countries since Roberto Azevedo resigned in August. Last month, Okonjo-Iweala and Myung-hee were selected as the last two candidates in the contest. The EU’s endorsement is seen as a significant boost for Okonjo-Iweala’s candidacy, with the final winner expected...

Premier League terminate £490 million TV deal in China

The Premier League has terminated its TV rights deal with China, its biggest overseas contract, leaving a huge hole in clubs’ finances. The deal with Chinese broadcaster PPTV was worth around £490m and had lasted only one of its three years. The conflict is said to have been around a fee of £160m that the Premier League was owed in March but did not receive. “The Premier League confirms that it has today terminated its agreements for Premier League coverage in China with its licensee in that territory,” a spokesman said on Thursday. “The Premier League will not be commenting further on the matter at this stage.” It is not known if the conflict is based purely on money or involves the escalating political tensions between China and the UK government. Boris Johnson announced in July that Hua...

Singapore ends two-month virus lockdown

Singapore on Tuesday began allowing activities that “do not pose a high risk of transmission” to resume after two months of lockdown. Despite reporting the second-highest number of coronavirus cases in East Asia, the government chose to stick to its plans of easing restrictions from June. Asides China, Singapore has recorded more coronavirus cases than any country in East or South-East Asia. Yet, offices, factories, schools and worship centres are now opened. Prime Minister, Lee Hsien Loong, had said on Monday that the relaxation will likely prove “a big relief to all’’ but one that is “certainly not without its risks’’. Some restrictions will, however, remain for several more weeks. Get more stories like this on Twitter You Deserve to Make Money Even When you are looking for Dates Online....