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Senate rejects planned Communication Tax

the nigerian senate

The Senate has kicked against the Federal Government’s move to impose Commu­nications Service Tax on Nigeri­ans. The proposed tax contained in an Executive Bill before the Sen­ate Committee on Communica­tions, seeks to make provisions for certain compulsory payments from communications consumers in the country. In his lead debate, the Chair­man, …

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Market volatility on a comeback Trend

Financial markets may ex­perience extreme levels of volatility in the com­ing weeks as the catalytic combination of sporadic oil prices, ongoing Brexit anxieties and anticipation ahead of the U.S presidential election leave in­vestors on edge. Stock markets received a slight welcome boost on Tuesday with most major arena’s swinging back …

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We didn’t Shut-down or Sack Workers, Says Innoson

Innoson Vehicle Manufacturing Company Limited (IVM), one of Nigeria’s auto manufacturing outfits, has said it was still producing vehicles with full complement of its workers, and had not shut its plant in Nnewi, as reported recently in various sections of the media. This was contained in a statement the management …

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WorldRemit commends CBN for licencing 11 money transfer firms

WorldRemit, the leading digital remittance service, has commended the restoration of money transfers to Nigeria, following the decision of the Central Bank of Nigeria (CBN) to approve WorldRemit and ten other international money transfer operators (IMTOs). At the beginning of August 2016, hundreds of IMTOs suspended their operations, leaving the …

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