24hrs News & Updates
The presidential committee on fiscal policy and tax reforms says there is a need to increase the value-added tax (VAT) rate. Speaking at the policy exposure and impact assessment session organised by the committee, the committee chairman, Taiwo Oyedele, also disclosed that the VAT revenue-sharing formula would be reviewed. Oyedele added that the committee has…
Read More “FG Considers Fresh VAT Increase, New Sharing Formula” »
The number of passengers arriving at and leaving airport terminals across the country has sharply declined due to the ongoing increase in airfares to local destinations. It was observed that the three busiest terminals in Nigeria, the local airport terminal in Abuja, the General Aviation Terminal (GAT) in Lagos, and Murtala Muhammed Airport, Lagos (MMA2),…
Read More “Air Passengers Reduce As Air Peace, Dana Air, Others Announce New Ticket Prices” »