tax By Elizabeth Adegbesan The Federal Government generated N424.7 billion as Value Added Tax (VAT) in the third quarter of the year (Q3’20). This represents a rise of 30 percent in VAT revenue when compared to N275.12 billion in Q2’20. The National Bureau of Statistics, NBS, VAT Report for Q3’20 released yesterday also indicated that … Read more
By Prince Okafor The Nigerian Electricity Regulatory Commission (NERC) has disclosed that 59.6 per cent of electricity consumers in the country were still on estimated billing as at March 2020. NERC made this known in its ‘First Quarter 2020 Report’ which was obtained by our correspondent in Lagos. The regulatory agency said the huge metering … Read more
•To earn $150m from taxes, $25m from royalties annually In this April 16, 2020, file photo, a customer puts gold bars on basket for sell to a gold shop in Bangkok, Thailand. The price of gold surged more than $30 on Monday, July 27, 2020 to over $1,926 per ounce. PHOTO: AP The Secretary of … Read more
By Michael Eboh Despite Nigeria’s struggle with declining revenue, poor power supply and environmental degradation, oil and gas firms operating in the country flared 265.18 billion standard cubic feet, bcf, of gas between January and September 2020. This, however, represented a decline of 23.6 per cent compared to 347.15 bc of gas flared in the … Read more
•Why prepaid meters are costly – Mojec By Prince Okafor With over 10 million households in Nigeria yet to be provided with electricity meter, the Federal government has commenced the National Mass Metering Programme (NMMP) in partnership with the eleven Electricity Distribution Companies, DISCO, Mojec International Limited, along with other metering manufacturing companies in the … Read more
By Bashir Bello – Kano The Management of Kano Electricity Distribution Company (KEDCO) on Monday says the company has resumed the implementation of the revised service-based tariff following an earlier suspension by the Nigerian Electricity Regulatory Commission (NERC). KEDCO Head, Corporate Communications, Ibrahim Sani Shawai, announced this in a statement made available to newsmen in … Read more
President Muhammadu Buhari President Muhammadu Buhari on Monday commended the youths in Bauchi for resisting the temptation to partake in the #EndSARS protests that later degenerated into violence and looting of public and private property. Buhari gave the commendation on Monday in Bauchi at a Town Hall meeting to discuss issues affecting the people. Represented … Read more
In my previous piece, we described marketing and how marketing is facilitated by the 4-Ps: In today’s edition we will be talking about Price. A pricing strategy is the basic approach of how a business prices its products or services. Having a good pricing strategy is critical for the profitability of your business but keep … Read more
The seven children who were killed at a school in Kumba over a week ago by gunmen will be laid to rest on Thursday, November 5, the Kumba City Council has announced. According to a program released by the Kumba City Council, the mortal remains of the children will be removed from the mortuary in … Read more
The Ministry of Youth and Civic Education has begun distributing material support to beneficiaries of the Three-Year Special Youth Program. The distribution exercise kicked off in Douala on Friday, October 30 and will see the Minister of Youth and Civic Education travel to several other localities across the country for the same exercise. The items … Read more
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