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VAT battle between Rivers State and FIRS moves to Supreme Court
VAT battle between Rivers State and FIRS moves to Supreme Court

The legal battle between Rivers State and the Federal Inland Revenue Service over the collection of Value Added Tax have moved to the Supreme Court in Abuja. The Rivers State government wants the Supreme Court to overturn the ruling of the Abuja Division of the Court of Appeal, which ordered parties to return to the way things…

President Buhari vows to reposition Nigeria’s economy
President Buhari vows to reposition Nigeria’s economy

President Muhammadu Buhari says his administration is working hard to reposition the Nigerian economy as one of the best in the world. President Buhari made this known during the fourteenth Annual Banking and Financial Conference in Abuja. The President said the Covid-19 pandemic has offered Nigeria an opportunity to benefit from other emerging sectors, like the digital…

CBN orders banks to publish names and BVN of forex defaulters
CBN orders banks to publish names and BVN of forex defaulters

The Central Bank of Nigeria has directed all commercial banks to publish on their websites the names and Bank Verification Numbers of customers who engage in fraudulent practices to obtain foreign exchange from banks. The apex bank issued the directive in a circular signed by its Director in the Banking Supervision Department, Haruna Mustafa. Mustafa outlined the…

Apple Chief Executive Tim Cook gets $750m worth of shares
Apple Chief Executive Tim Cook gets $750m worth of shares

Apple Chief Executive, Tim Cook has received more than five million shares in the technology giant, as he marks ten years in the job. A company filing with the US Securities and Exchange Commission shows that he sold most of the shares for more than seven hundred million dollars. It is part of a deal he struck…

Nigeria Consumer Price Index drops to 17.38 %
Nigeria Consumer Price Index drops to 17.38 %

The Consumer Price Index, which measures inflation dropped further to 17.38 % in July 2021. This is 1.37 points lower than the rate recorded in June 2021. The National Bureau of Statistics disclosed this in its Consumer Price Index report for June. Meanwhile, food inflation dropped to 21.0 from 21.8 recorded in the previous month.

IMF allocates $3.35b special drawing rights to Nigeria
IMF allocates $3.35b special drawing rights to Nigeria

The International Monetary Fund has allocated the sum of three point three-five billion dollars to Nigeria under its Special Drawing Rights. The allocation is part of about six hundred and fifty- billion dollars approval of a general allocation by the IMF Board of Governors. The IMF allocation announced by the Managing Director, Kristalina Georgieva, is meant to…

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