Nigeria to Raise VAT to 7.5% From 5%, Ex-Minister Says

By -

NoireTv Africa  
If you live in the USA, NoireTV now showing nationwide on Verizon Fios on channel 269. Press 269 on your remote control. NoireTV now on Verizon Fios Channel 269. Press 269 on your remote control. Follow us on Instagram @noiretvafrica and on Facebook ... www.facebook.com/caspennoire


Nigeria will increase the rate of value-added tax to 7.5% from current 5% in 2020 as Africa’s biggest oil producer seeks to shore up falling revenue, the country’s most recent Finance Minister Zainab Ahmed said.
The former minister, whose tenure ended with President Muhammadu Buhari’s first term on May 29, said at the Bloomberg Emerging & Frontier Forum in London on June 25 that her main preoccupation while in office was how to raise government revenue with only 55% of...
Source: Bloomberg

Also visit our  website:  www.noiretv.com 

Comments

Post a Comment

Popular posts from this blog

Israel Moves To Shut Down Al Jazeera After A New Law Permits The Banning Of International Media Deemed A security Threat

By -
Image
    Israel’s Prime Minister Benjamin Netanyahu has vowed to shut down news network Al Jazeera following the passage Monday of a  sweeping law  allowing the government to ban foreign networks perceived as posing a threat to national security. Netanyahu said he intended “to act immediately in accordance with the new law” to stop the Qatari-based news outlet’s activity in the country, according to a post on social media platform X following the passage of the law. Al Jazeera Media Network, which has produced dogged, on the ground reporting of Israel’s war against Hamas in Gaza,  slammed the decision  in a statement, vowing it would not stop the network from continuing its “bold and professional coverage.” The new law gives the prime minister and communications minister authority to order the temporary closure of foreign networks operating in Israel – powers that rights groups say could have far-reaching implications on international media coverage of...
Read more

Tragic Toll: 87 Lives Lost in Northern Gaza Strike Amid UN Warning of Inescapable Danger

By -
Image
  Gaza's Hamas-run health ministry has said at least 87 people were killed and more than 40 injured in Saturday's Israeli air strike on the city of Beit Lahia in the north of the Palestinian enclave. The ministry said a number of people were still under the rubble after a residential area was hit. Israel said it was checking reports of casualties but added that earlier - lower - figures published by Hamas were "exaggerated". In recent weeks, the Israel military has been carrying out intense bombardment of northern Gaza, saying it wanted to prevent Hamas fighters from regrouping there. A senior UN official warned that the "nightmare in Gaza is intensifying" and the war "must stop now". The UN's peace process co-ordinator, Tor Wennesland, said that "nowhere is safe in Gaza". In a statement, Tor Wennesland said he condemned the continuing attacks on civilians. "This war must end, the hostages held by Hamas must be freed, the displac...
Read more

Mysteries In The Skies: US Air Force F-16 Crashes Off South Korean Coast

By -
Image
In a dramatic turn of events, a United States Air Force F-16 fighter jet plunged into the waters off the coast of South Korea during a routine training mission, adding another layer of intrigue to the series of crashes involving US military aircraft stationed in Korea. The incident unfolded on a Wednesday morning around 8:41 a.m. local time, as the F-16 from the 8th Fighter Wing encountered an in-flight emergency over the waters west of the Korean Peninsula. Kunsan Air Base, situated approximately 110 miles (180 kilometers) south of Seoul, promptly issued a statement confirming the crash. Thankfully, the pilot, belonging to the 8th Fighter Wing, executed a successful ejection and was recovered approximately 50 minutes after the aircraft went down. The Air Force reported that the pilot was conscious and underwent a thorough assessment at a medical facility. Expressing gratitude, Colonel Matthew Gaetke, the commander of the 8th Fighter Wing, acknowledged the rapid response of the Republi...
Read more