Our reporter/ The Central Bank of Nigeria (CBN) has said it has approved the release of the Nigerian Foreign Exchange (FX) Code. The apex bank also announced that the Code…
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Category: Economy
TUC rejects Tinubu’s proposed VAT increase
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…
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Telecoms subscribers association rejects tariff hike
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%…
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World Bank bans two Nigerian companies, CEO over alleged fraud
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…
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NCC approves 50% tariff hike for Telcos
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…
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