Some of the highlights of the new Financial Act 2020.
If you’re a low income earner on N30k per month or less, you’re now exempted from personal income tax based on the new Finance Act. So tell your employer to stop deducting PAYE from your pay effective from this month. Effective 1st Jan 2021, commercial flight tickets have been exempted from VAT. Next time you […]
SOUTH AFRICA CLOSES OFFICES IN NIGERIA
Commissioner to Nigeria, Amb. Bobby Moroe, on Thursday confirmed the closure of the country’s missions in Nigeria. Moroe told News Agency of Nigeria in Abuja on Thursday that the closure was sequel to the directive from his country’s government. The envoy said he had subsequently directed the Abuja and Lagos offices of the mission to […]
XENOPHOBIA:DEMAND COMPENSATION FOR NIGERIANS KILLED IN S’AFRICA – LAGOS ASSEMBLY CHARGES FG
Assembly has demanded that the South African government be made to pay compensation to victims of the latest xenophobic attacks in the country.The lawmakers said this during parliamentary sitting where many condemned the incident and called on the Nigerian government to further prove its will by supporting its citizens abroad. Tunde Braimoh, raised the issue under […]
RECAPITALISATION DEBACLE: WHY MOST DISCOS MAY CLOSE SHOP
If there is one sure way most observers of the current political dispensation would want to assess President Muhammadu Buhari’s success or otherwise at the end of the next four years as Commander InChief of the Nigerian nation, perhaps its fledgling power sector could readily fill the log. But as if it understands this urgency of […]
FOOD IMPORT BAN: YOU’RE ON YOUR OWN, EXPERTS TELL BUHARI, WARN AGAINST EXECUTIVE RECKLESSNESS
“Don’t give a cent to anybody to import food into the country. Foreign reserve will be conserved and utilized strictly for diversification of the economy, and not for encouraging more dependence on foreign food imports bills”, this was the instruction of President Muhammadu Buhari to the Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, last […]
FG SETS UP COMMITTEES ON REVENUE SHARING FORMULA, EXPAND REVENUE BASE
The Federal Government has constituted 12 committees to review the present revenue sharing formula of the federation as well as ways to expand the revenue base of the nation. Chairman, Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Mr. Elias Mbas made the disclosure, yesterday, in Abuja at the inauguration of chairmen and members of the Committees. […]
FARMERS CALL FOR REVIEW OF ANCHOR BORROWERS LOANS
Farmers in Borno are calling for a review of the Federal Government’s Anchor Borrowers’ agricultural loan programme to ensure that its goal to encourage domestic food production is fulfilled. An agro-allied entrepreneur and leading anchor implementing partner in Borno State, Alhaji Abba Kale, told Daily Sun in an interview in Maiduguri that the Anchor Borrowers Programme (ABP) launched by President […]
1 DIES, FIVE INJURED IN ONDO BANK
One person has lost his life, while five other persons sustained serious injury in a bank robbery at Iju-Itaogbolu in Akure North Local Government Area of Ondo State. The deceased was said to be a staff of the Wema Bank Plc, which wasrobbed by the armed robbers. our correspondent gathered that armed robbers numbering seven, […]
FG PLANS REVIEW OF REVENUE SHARING FORMULA
The Federal Government said it will set up a committee in the coming week to review the revenue sharing formula for Federal, states and local governments due to current economic realities. Chairman, Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Mr. Elias Mbam disclosed this to newsmen in Abuja on yesterday, shortly after he received an Award […]
4th Ebola case found in Congo, raising fears of rapidly spreading scourge
A fourth case of Ebola has been confirmed in the eastern Congo city of Goma, the government said late on Thursday, raising fears of an acceleration in infections close to the border with Rwanda. The new case is the wife of a miner who died of the virus earlier this week and who only sought […]