LAGOS NOVEMBER 7TH (NEWSRANGERS)-The Bill to increase Value Added Tax (VAT) from 5% to 7.5% has passed through second reading in the Senate. The VAT Bill was read the first the time on Tuesday, November 5, and now passed through second reading. The process was not without controversy as the senators could not get a…
LAGOS NOVEMBER 7TH (NEWSRANGERS)-Some rice millers in Gombe State say they have recorded increased sales and patronage since the closure of the border by the Federal Government. The Federal Government shut borders with neighbouring countries of Benin Republic, Cameroun and Niger Republic since August. President Muhammadu Buhari had on Aug. 28 at the Seventh Tokyo…
LAGOS NOVEMBER 6TH (NEWSRANGERS)-Telecommunication operators in Nigeria said yesterday that the directive by the Federal Government that cost of data should be reviewed downward in five days is “unrealistic and insensitive” considering the high operating cost in the country. The Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami, yesterday, directed the Board…
LAGOS NOVEMBER 5TH (NEWSRANGERS)-A newly established permanent migration scheme for highly-skilled technologists will target seven “future-focused fields”, including cyber security, fintech and quantum computing, in a bid to maintain Australia’s competitiveness. The ‘Global Talent Independent Program’ (GTIP), which was first flagged in June to attract the best talent from around the world, was launched by…
LAGOS NOVEMBER 4TH (NEWSRANGERS)-Heritage Energy Operational Services Limited (HEOSL) has reiterated that in line with its vision to be the partner of choice for its stakeholders, the company will continue to give priority to the interests of the indigenes of the 112 host communities in OML 30 and will actively promote the participation of businesses…
LAGOS NOVEMBER 1ST (NEWSRANGERS)-Nigeria’s foreign reserves fell by $1.26bn from $41.76bn in October 2 to $40.5bn as of the end of October 30, according to figures from the Central Bank of Nigeria (CBN) on Thursday. The reserves which had continued to shed in recent months dropped by $482.18m from N45.14bn as of July 8 to…
LAGOS NOVEMBER 1ST (NEWRANGERS)-Nigeria is considering selling naira-denominated bonds abroad next year to fund infrastructure projects, Finance Minister Zainab Ahmed said. Africa’s biggest oil producer faces a significant increase in financing needs as it struggles to boost revenue required to fund increased spending on infrastructure. Almost 60% of Nigerians don’t pay tax and the state…
LAGOS OCTOBER 31ST (NEWSRANGERS)-Some persons associated with the Ghana Union of Traders Association (GUTA) have gone on rampage closing shops belonging to foreigners in commercial hubs in Kumasi in the Ashanti region. The closure that begun from Alarbar spread to Adhye and Kejetia Wednesday. The Ashanti Regional President of the Nigerian Association of Traders Union…
