July 10, 2015/The Will President Muhammadu Buhari and his deputy, Professor Yemi Osinbajo, have cut their salaries by 50%, a Presidency statement said Friday. The current annual remuneration of the President of Nigeria as published by the Revenue Mobilisation Allocation and Fiscal Commission is N14, 058,820.00. The president will now […]
World News
IMF/World Bank Says Poor Countries Can Up Tax Ratios 2-4% of GDP
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Global financial institutions, the International Monetary Fund (IMF) and the World Bank on Friday said analysis suggests that many lower-income countries have the potential to increase their tax ratios by at least 2–4 percent of Gross Domestic Product (GDP), without compromising fairness or growth. This […]
Lafarge applies for licence to generate 260 MW power in Nigeria
Fri Jul 10, 2015/Reuters Lafarge Africa said on Friday it has applied to Nigeria’s energy regulator for a licence to generate 260 megawatts of electricity to supply to the country’s grid. Nigerian Electricity Regulatory Commission (NERC) is licensing so-called embedded power companies to try to end electricity shortages, one of […]
