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Daily Archives: January 8, 2019

FIRS hits N5.2 trillion tax revenue, gets N8tr target in 2019

Tax Defaulters: FIRS Contravening Tax Laws - KPMG

• Stamp duty collections accumulate billions under locks The Federal Inland Revenue Service has recorded an all-time high tax revenue collection of N5.23 trillion in 2018, with Value Added Tax (VAT) at N1.11 trillion for the first time. Prior to ...

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BUA Cement capacity in Sokoto to hit 4.5 million tonnes

BUA Cement capacity in Sokoto to hit 4.5 million tonnes

BUA Group has announced that it has signed another contract with cement manufacturing company, CBMI, for the construction of a new three million metric tonnes per annum Kalambaina Cement Line 2 in Sokoto State, North West Nigeria. This comes barely ...

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Jim Yong Kim resigns as World Bank President

Jim Yong Kim resigns as World Bank President

World Bank President Jim Yong Kim has resigned, more than three years before his term ends in 2022, the multilateral lender disclosed yesterday. Kim is expected to leave office on February 1. Kim, 59, said that he will immediately join ...

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Market capitalisation drops further by N89b in bearish trading

Stock Market Investors Lost N326bn In January

The Nigerian Stock Exchange (NSE) yesterday commenced the second trading week of the year, on a downward note, occasioned by price losses in highly capitalised stocks, causing market capitalisation to depreciate further by N89 billion. Yesterday, the All share index ...

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Customs seizes contraband worth N61.5 billion

Customs seizes contraband worth N61.5 billion

Nigeria Customs Service (NCS), recorded 5,235 seizures with Duty Paid Value (DPV) of about N61.5 billion in 2018. The Comptroller-General of Customs, Hameed Ibrahim Ali, who disclosed this in a statement at the weekend, said although smuggling remained a challenge, ...

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