FG targets wealthy Nigerians in new tax drive
The Federal Government is planning to overhaul the nation’s tax system to shift more of the burden to wealthy citizens while cutting corporate taxes. The move — part of President Bola Tinubu’s reforms to overhaul the beleaguered economy – aims to lift the country’s tax take to 18 per cent of Gross Domestic Product within […]
Cardoso Pledges Conducive Atmosphere For Foreign Investment
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said that the apex bank will do all within its statutory functions to address identified distortions and ensure a conducive atmosphere for different categories of investors. He gave the assurance Thursday, when a group of investors paid him a courtesy visit. Cordoso said […]
NRC introduces Apapa-Kajola inter-city express train service
The Nigerian Railway Corporation NRC) yesterday said it will soon begin the mass transit express passenger train service between Apapa in Lagos and Kajola in Ogun State on the standard gauge. This comes on the heels of Federal Government’s palliative measures to cushion the effect of the petroleum subsidy removal. The NRC currently runs a 157-kilometre-long shuttle […]