The National Bureau of Statistics (NBS) said that Nigeria generated the sum of N204.77 billion as Value Added Tax (VAT) in the first quarter of 2017. VAT is a consumption tax that is placed on a product whenever value is added at a stage of production and at final sale. The NBS stated this in
The exchange rate at the parallel market remained stable at N367 to the dollar yesterday, as the Central Bank of Nigeria (CBN) again injected $418m into foreign exchange market. The intervention, which cut across various segments of the inter-bank forex market, was aimed at pushing for the convergence of various market rates and resumption of
Barely 24 hours after signing the 2017 Appropriation Bill into law, Acting President Yemi Osinbajo, on Tuesday, began action on the 2018 budget. The vice president met with top government functionaries and asked them to carry out necessary actions towards completing the preparation and submission of the budget to the National Assembly in early October.
Choc Boi Nation, one of the flagship labels under Chocolate City Music have appointed DJ Lambo as their first female president. They made this announcement yesterday on their Instagram page with a special video. They wrote: Congratulations DJ Lambo (@djlambo_) on your appointment as President Choc Boi Nation. We believe in your commitment and ability