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Daily Archives: October 4, 2019

Confusion over customs’ clampdown on auto dealers

Confusion over customs’ clampdown on auto dealers

• $8 billion market threatened • Anxiety over prices of vehicles The nation’s automobile industry is currently in the grip of confusion as the Nigeria Customs Service (NCS) begins a major clampdown on car dealers in search of smuggled vehicles. ...

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Operators protest against tax on GSM, cable TV subscriptions

Operators protest against tax on GSM, cable TV subscriptions

• Claim plan will impact subscribers, economy negatively Telecommunications operators have kicked against plans by the National Assembly to impose taxes on global system for mobile (GSM) and cable television subscriptions and services in the country. Under the aegis of ...

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Senate raises 2020 budget from N9.12tr to N10.729tr

Budget: Buhari plans massive development, works gets lion’s share

• Approves medium-term expenditure framework • Reps okay 2.18mbpd, $57/barrel as crude oil benchmark The Senate yesterday invited President Muhammadu Buhari to present the 2020 budget as it increased it from N9.12 trillion to N10.729 trillion. It also adopted the ...

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Stakeholders downplay Ecuador’s exit from OPEC

Stakeholders downplay Ecuador’s exit from OPEC

Stakeholders have said Ecuador’s intention to exit the Organisation of the Petroleum Exporting Countries (OPEC), may not have significant impact on the outlook of the oil market as well as the cartel. While Ecuador had said it would leave in ...

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