Business New
New tax laws: LCCI says incentive programs are necessary to promote industrialisation.
The Lagos Chamber of Commerce and Industry (LCCI) has expressed the organized private sector's (OPS) aspirations in Nigeria regarding the utilization of incentive schemes in the newly established tax regulations to promote industrial growth within the nation.
VFD Group completes its N4.24b series 4 redemption for its N20b CP.
VFD Group Plc, an investment firm based in Lagos, has declared the complete repayment of its ₦4.24 billion Series 4 Commercial Paper (CP) which was issued in December 2024.
Bonds: Investors hold positions as average yield closed flat at 16.97%
In the secondary market, bonds from the Federal Government of Nigeria (FGN) showed weakness as there was no strong catalyst to boost the low enthusiasm among investors, resulting in an average yield that remained unchanged at 16.97%.
Nigeria's packaging sector generates $2.5 billion.
The manufacturing industry in Nigeria is considered essential, with recent statistics indicating that the packaging market alone is valued at N2.5 billion.
No plans to impose a 5% fuel tax right now—Edun
• Oyedele supports 5% fuel surcharge, emphasizes it's not meant to burden Nigerians
FG makes tax identification mandatory for banking, allied services
The Federal Government has mandated that individuals engaging in banking and similar services must have a Tax Identification Number (Tax ID) in the country.
Related Articles
