FG projects N120tn as three-year consumption expenditure

FG projects N120tn as three-year consumption expenditure

FG projects N120tn as three-year consumption expenditure The Federal Government has projected an average of N120tn as consumption expenditure by Nigerians on which value-added tax will be charged between 2023 and 2025. This is according to the Medium Term Expenditure Framework and Fiscal strategy paper developed by the Ministry of Finance, Budget and National Planning. According to the report, consumption expenditure on which VAT will be charged will likely increase from an average of N35tn in 2023 to N40tn in

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Goods worth millions of Naira destroyed as Ladipo market is gutted by fire (photos/video)

Goods worth millions of Naira have been destroyed after fire gutted the Aguiyi Ironsi plaza in the Ladipo spare parts market in Lagos State in the early hours of today, February 26.     The fire was put out by officials of the Lagos State Fire Service, Lagos State Emergency Management Agency, and other first responders, including officers of the Lagos State Police Command.     No casualty was recorded in the incident.   See photos and video from the scene

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Naira now trading at 545/$ in parallel market

The Nigerian Naira has hit an all time low in 48 years after trading for 545/$ in parallel markets on Thursday September 9.    Confirming the development, parallel market and bureau de change (BDC) traders disclosed that the Naira is falling rapidly against the greenback.    British pound on the other hand, was trading at N740 across the same markets. This is coming after the Central Bank of Nigeria announced it would no longer sell forex to BDC traders.   It

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Traders count their losses as fire guts Marian market in Calabar (photos/Video)

Traders at the Marian market in Calabar, the Cross River state capital, are currently counting their losses after a fire erupted in the market in the early hours of today, July 4.   The cause of the fire is yet to be ascertained. Marian market is the second-largest market in the state.   See more photos and videos from the incident below.    

Properties worth millions of Naira destroyed as fire guts Ajao market

Millions of properties have been lost in a fire outbreak that occurred in the Ajao market, Lagos state on Wednesday, July 1.    The cause of the fire outbreak is yet to be ascertained but preliminary investigations showed the fire started from a shopping mall close to the market before spreading into the market. Some adjourning houses were also affected by the fire outbreak.   Men of the Lagos Fire Service Lagos State Emergency Management Agency LASEMA are on ground working

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Infinix Mobility launches elegantly designed Smart TV S1 into the Nigerian Market

    Infinix, Africa’s premium online-driven smartphone brand, designed for the young and stylish generation has unveiled its new Smart TV product – S1 into the Nigerian electronics Market. The TV comes in two variants based on size; the 43 inches TV is priced at ?93,900 while the 55 inches TV is sold at ?152,000.   Why does a smartphone brand turn to launch a TV product? There are 3 answers to that question. The first answer spawns from the

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