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Category: Economy

Business Economy headline

TUC rejects Tinubu’s proposed VAT increase

Iheanyi Ejiofor January 21, 2025 No Comments #TUC #VAT #Festus Osifo

Our reporter/ The Trade Union Congress (TUC) on Tuesday rejected the Federal Government’s move to increase Value Added Tax (VAT) from the current 7.5% to 10%, 12.5% and finally to…

Read More TUC rejects Tinubu’s proposed VAT increase
Business Economy headline

Telecoms subscribers association rejects tariff hike

Iheanyi Ejiofor January 21, 2025 No Comments #NATCOMS #Telecos #Subscribers

Telecoms subscribers association has rejected the hike in tariffs approved by the the Nigerian Communications Commission (NCC) on Monday which they described as unacceptable. The NCC had  approved a 50%…

Read More Telecoms subscribers association rejects tariff hike
Business Economy headline

World Bank bans two Nigerian companies, CEO over alleged fraud

Iheanyi Ejiofor January 21, 2025 No Comments #World Bank #Viva Atlantic Limited #Technology House Limited

Our reporter/ The World Bank has imposed a 30-month debarment on two Nigerian companies, Viva Atlantic Limited and Technology House Limited, alongside their Managing Director and Chief Executive Officer, Norman…

Read More World Bank bans two Nigerian companies, CEO over alleged fraud
Business Economy headline

NCC approves 50% tariff hike for Telcos 

Iheanyi Ejiofor January 21, 2025 No Comments #NCC #Telcos #Tariff

Our reporter/ The Nigerian Communications Commission (NCC) has approved a 50% tariff increase for telecoms operators in the country. NCC spokesman, Reuben Muoka who made the disclosure in a statement…

Read More NCC approves 50% tariff hike for Telcos 
Business Economy headline

NBS: Nigeria to rebase GDP and inflation data by month-end

Iheanyi Ejiofor January 20, 2025 No Comments #GDP #rebase economy #Nigeria

Our reporter/ Nigeria will to rebase its gross domestic product (GDP) and inflation data by the end of the month to capture changes in certain sectors of the economy and…

Read More NBS: Nigeria to rebase GDP and inflation data by month-end

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