SECTOR INSIGHT

Social Media App, Zoom To Start Charging 7.5% VAT From Nigerian Users

Zoom Video Communications, Inc. (Zoom) says it will begin to charge 7.5 percent value-added tax (VAT) on customers in Nigeria from January 1, 2022. The social media giant said this in a statement issued on Monday. According to the statement, the additional charge…

14/12/2021 0Comments

MTN, Mafab To Pay $273.6m For 5G Network Rollout

MTN Nigeria and Mafab Communications Ltd have emerged winners of the license for 3.5 gigahertz (GHz) spectrum auction for the deployment of the Fifth Generation (5G) network in Nigeria after a long-drawn bidding war which lasted to the eleventh round. The executive…

14/12/2021 0Comments

Finance Bill 2021: Our Tax System Must Work For Every Nigerian — FIRS

The Federal Inland Revenue Service (FIRS) has reassured that the 2021 Finance Bill will be tailored towards enabling an efficient tax system that will work for every Nigerian. Speaking on Monday, in Abuja, the Executive Chairman of FIRS, Muhammad Nami, noted that “our…

14/12/2021 0Comments

Nigeria To Have Widest 5G Coverage In Africa, Says Pantami

The Minister of Communications and Digital Economy, Prof Isa Pantami, said on Monday that Nigeria will have the largest/widest 5G coverage in Africa next year. He spoke at the auction of the 3.5 gigahertz (Ghz) Spectrum in Abuja. According to him, the Fifth…

14/12/2021 0Comments

Nigerians Consumed 54.5m Litres Of Petrol Daily In June — NNPC

The Nigerian National Petroleum Company (NNPC) Limited has said 54.5 million litres of Premium Motor Spirit (PMS), otherwise called petrol, was consumed in June 2021. This means that daily petrol consumption dropped by 17.8m in June from the 72.3m litres daily recorded in…

13/12/2021 0Comments

Otedola Acquires Additional 2.5% Stake In FBN Holdings, Awaits NGX Affirmation

Billionaire Businessman, Mr. Femi Otedola, has increased his equity stake in FBN Holdings (FBNH) Plc to 7.57 per cent, in a move that may earn him a significant position as the largest single individual shareholder in the holding company for Nigeria’s oldest…

12/12/2021 0Comments

UAE Responds To Nigeria’s Withdrawal Of Emirates Airlines Winter Flight Schedule

With the ongoing diplomatic fireworks between Nigeria and the United Arab Emirates, the Emirati Minister of Economy, Abdulla Bin Touq Al Marri, has said that it is unreasonable for the Arab nation to retain the slots of Nigeria-based Air Peace airline at…

12/12/2021 0Comments

SECTOR INSIGHT

Best Choice for Creatives