Category

Day: September 9, 2024

Nigeria Earns N1.56trn VAT in Q2, 2024

The Nigeria Bureau of Statistics, NBS, says the Federal Government’s aggregate receipt of the Value Added Tax ( VAT) Q2 2024 stood at N1.56 trillion, indicating a growth rate of 9.11% on a quarter-on-quarter basis from N1.43 trillion in Q1 2024.

Acc…

Read More

VAT Rate Remains 7.5% – Edun

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has debunked reports that the rate for Value-Added Tax (VAT) has been upwardly adjusted to 10% from 7.5%.

The Minister in a statement, affirmed that the VAT rate as…

Read More

Equities Market Opens in the Red with N112bn Loss

The Nigerian equities market began the week on a bearish sentiment as investors lost N112bn on market capitalisation to close at N55,282 trillion as against N55, 394 trillion at the close of trading last week while the benchmark all- share index drop…

Read More

Indonesian president to start working from new capital

Jakarta: Indonesia’s President Joko Widodo, popularly known as Jokowi, will start from Tuesday working at the newly built presidential palace in the country’s new capital Nusantara, an official said.

Presidential spokesperson Hasan Nasbi told local m…

Read More