EU declares Nigeria’s VAT rate of 7.5 per cent as low and inefficient
Massimo De Luca, Head of Cooperation and Delegation of the EU to Nigeria and ECOWAS, gave the verdict at the 4th Session of the Steering Committee of the Support Programme for Fiscal Transition in West Africa (PAFT) in Abuja, yesterday. According to the EU official, VAT administration in the country also lacks transparency, as Businesses […]
Manufacturers peg price of bag of cement at N8,000 with conditions
The Federal Government and major cement manufacturers have pegged the price of 50kg bag of cement at between N7,000 and N8,000 depending on the location nationwide. Sen. David Umahi made this known to newsmen after a protracted meeting with major cement manufacturers in the country on Monday in Abuja. The Cement Manufacturers came to an […]