Labour has demanded an increase in workers’ pay to cushion recession. At the 15th Harmattan School, a training for labour leaders in Kaduna, Nigeria Labour Congress (NLC) President Comrade Ayuba Wabba said workers’ purchasing power had reduced and was affecting other sectors of the economy. He said unless there is a new wage regime, the

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The Nigerian Communications Commission has suspended its directive to telecommunications operators to increase tariffs on data services available on their networks. The suspension followed the uproar that the announcement of imposition of a price floor on the network operators has generated. The price floor, which would have taken effect

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State tax authorities have added 3, 414, 496 million new taxpayers to the national tax register under six months, bringing the total number of individual taxpayers in the country to 13.4 million, the Federal Inland Revenue Service (FIRS) said yesterday. Kano State led the new taxpayer roll with about one million taxpayers (944, 376). Lagos

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The Nigeria Deposit Insurance Corporation (NDIC) has said that 15 Primary Mortgage Banks (PMBs) have defaulted in paying their deposit insurance premium to the corporation. The NDIC Managing Director/CEO, Umaru Ibrahim, who disclosed this at the 2016 sensitisation workshop for PMBs’ operators held in Lagos, at the weekend, said

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The Federal Government spent $1 billion on kerosene subsidy last year, the Vice President, Yemi Osinbajo, has said. Osinbajo, who spoke yesterday at the Domestic LPG Implementation Stakeholders Workshop in Abuja, organised by the Office of the Vice President, Ministry of Petroleum Resources and the Nigerian Liquefied Natural Gas (NLNG),

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The Nigerian Communications Commission (NCC) has directed mobile telephone operators in the country to jerk up data tariffs with effect from December 1. Yesterday, MTN sent messages to its customers announcing that there would be an increase in its data tariffs on December 1. “Dear customer, please be informed that from December 1, some

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The Federal Government and its agencies have continued to defy the ruling of the Court of Appeal that the deduction of stamp duty on bank deposits is illegal. Investigation by our correspondent showed that the Technical Committee on Stamp Duty had advised the Central Bank of Nigeria to issue a circular to the banks to stop collecting stamp duty of

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