Monthly Archives: August 2019

Cultural heritage key to national unity, progress — Ihedioha

Gov. Emeka Ihedioha of Imo says the cultural heritage of any nation is a key factor that unites the people and guarantees progress. Ihedioha disclosed this on Thursday at the New Yam (“Iri Ji) festival of his Mbaise people, a clan in Imo made up of Aboh/Mbaise, Ezinihitte/Mbaise and Ahiazu/Mbaise Local Government Areas of Imo. News Agency of Nigeria (NAN)

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Mixed reactions trail proposed 5% VAT on online purchases

Mixed reactions have trailed the proposed plan by the Federal Government to slam a five percent Value Added Tax (VAT) on goods bought online. Experts told the News Agency of Nigeria (NAN) on Friday in Lagos, that the plan could discourage the growing digital economy, while some expressed worry that the revenue realised would not be properly utilised. NAN reports

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Stakeholders seek clarification of forex ban for food import

Say action will fuel smuggling • As claim on food sufficiency is misleading Industry stakeholders have called for further clarification on the recent pronouncement by President Muhammadu Buhari that Nigeria has attained food security, and as such, the Central Bank of Nigeria (CBN), should not extend access to foreign exchange (forex) for food importation. They maintained that there is a

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Nigeria is losing trillions to corruption, say forensic experts

• Allege rising cases of fraud, cybercrime • ICPC moves to quiz suspended Obono-Obla Forensic experts yesterday alleged growing cases of fraud, cybercrime and corruption in the country despite government’s effort to address these problems. At a press conference in Abuja, the Pro tem President of the Chartered Institute of Forensic and Investigative Auditors of Nigeria, Ayishetu Enape, said that

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Confusion over Buhari’s stance on food imports, CBN’s autonomy

Nation short on rice, sugar, maize, wheat, others, say experts • Policy anti-people, ill-timed, PDP declares • Manufacturers, OPS urge caution, want codes for items • ‘Why presidency might be compromising apex bank’ There is confusion over the state of food production in the country and the autonomy of the Central Bank of Nigeria (CBN) amid possible implications for the

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