Business

President Buhari says tax authorities will “focus their compliance efforts on larger businesses”.

Debt servicing is featuring prominently in the N10.3 trillion budget announced by President Buhari on Tuesday.

“A twenty-five litres of oil which used to sell for N19,000 and upward during off-seasons that starts from June to December, now sells for N14,000 and downward.”

Mr Rabiu, who oversees operations of Bua Group’s diverse business interests, topped the rank of 100 CEOs.

The bonds two and three years bonds were offered at 11.244 per cent and 12.244 per cent, respectively.

The market capitalisation lost N59 billion or 0.45 per cent to close at N13.078 trillion against N13.137 trillion.

The theme of #NES25 will be “Nigeria 2050: Shifting Gears.”

The official says the growth during the last three years for RLA business averaged 34.28 per cent and 35.12 per cent in count and volume respectively

The company says the items include tricycles, popularly called Keke, industrial sewing machines, grinding mills, and generators.

The CBN also made intervention of 15 million Chinese Yuan

The All Share index lost 98.45 points or 0.36 per cent to close lower at the mark.

The planned job losses would reduce the company’s global workforce by about 16 per cent.

The market capitalisation dropped amidst sell pressure in blue chips.

The FIRS boss says the figure will result from the expansion of tax base from 10 million taxpayers.

The MTEF and FSP are documents that provide the framework of designing a budget as enshrined in section 11(3) of the Fiscal Responsibility Act, 2007.

The CBN says banks that fail to attain a stipulated minimum LDR by December 31 this year will be sanctioned.

The World Bank is expected to release the full report later this month.

“It is clear that the estimates, projections and expectations for GDP growth have been significantly different from the actual outcome.”

Mr Soludo says Nigeria’s future without oil will be powered by the country’s greatest assets – human capital and technology.

Oil prices are likely to remain steady, with Brent averaging 65.19 dollars a barrel and WTI 57.96 dollars in 2019, as flagging demand outweighs supply shocks, a Reuters survey showed.

The market capitalisation shed N22 billion to close at N13.450 trillion in contrast with N13.472 trillion on Friday.

Flights are to start “as soon as possible.”