The reliance of the federal and state governments on borrowings to finance their activities is not ending soon as the two tiers of government have taken more loans in the past two years, EVEREST AMAEFULE writes The Federal Government under President Muhammadu Buhari and the 36 states of the federation as well as the Federal Capital Territory […]

The Nigerian Communications Commission (NCC) says the telecommunications sector contributed N1.54 trillion to the country’s Gross Domestic Product (GDP) in the second quarter of 2017. NCC’s  Executive Vice-Chairman, Prof. Umar Danbatta disclosed this while receiving the visiting Chairperson of Liberia Telecommunications Authority (LTA), Madam Angelique Weeks. Danbatta said that the figure was derived from recently […]

The Delta Board of Internal Revenue (DBIR) has sealed 12 companies, hotels and schools in Warri, over tax liabilities. According to Mr Joel Ogege, DBIR’s Director (Enforcement and Compliance), the companies were shut over accumulated Personal Income Tax liabilities totaling more than N10 million. Ogege, who led the team, said that the tax liabilities ranged […]

The National Association of Microfinance Banks (NAMB) says it will put measures in place to ensure members deliver the associations mandates to customers. Mr Rogers Nwoke, the NAMB’s President disclosed this to the News Agency of Nigeria(NAN) at the side line of the association’s National Executive Council Meeting in Abuja. “So what we are doing […]