Govs back tax reform bills, propose new VAT-sharing formula
Nigerian governors have indicated support for the federal government's tax reform bills, which propose a new sharing mechanism for value-added tax (VAT).
This follows a...
Yuletide sales push Nigeria’s inflation to 34.8%
Nigeria's inflation rate jumped to 34.8 percent in December, up from 34.6 percent in November, owing to increased demand for goods and services over...
NCC threatens to disconnect USSD codes for UBA, Zenith, FCMB, others
The Nigerian Communications Commission (NCC) has issued a stern warning to nine banks, instructing telecommunications companies (telcos) to disconnect their Unstructured Supplementary Service Data...
CBN fines nine banks N1.35bn for ATM cash shortages
The Central Bank of Nigeria (CBN) has imposed hefty fines totaling N1.35 billion on nine deposit money banks (DMBs) for failing to ensure adequate...
Electricity: FG announces transfer of regulatory oversight to 10 states
The Nigerian government has announced that the regulatory authority of the energy supply industry will be transferred to ten states as of January 10,...
