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BUSINESS NEWS
Business and Economic News from Nigeria
Microsoft’s overall revenue grew 13% on an annualized basis in the quarter.
They also acknowledged that “Nigeria has a difficult macro environment”.
Brent crude gained about to trade at $44.32 a barrel by 3.49 am.
Tether is ranked the 3rd largest cryptocurrency by market cap of $10 billion.
Multiple taxes remain a problem as the constitution gives the 3 government tiers distinct taxing powers.
The recommendations were presented by Chairman of the Committee, Sen. Gabriel Suswam during plenary.
The directive was given so that they would not run foul of the Stamp Duty Act.
Market activity improved, compared to the previous trading session.
Jaiz Bank currently has total assets of N186.6 billion.
Nigeria has recorded zero collection in luxury taxes for the second year running.
The CBN’s disposition remains biased towards supporting economic growth.
Nigeria's tax to GDP landed at a paltry 6.1% of GDP for 2019.