On Monday, January 13, 2020, President Buhari signed the Finance Bill, 2019 into Law. What exactly does this mean, you may ask? Well firstly, the Finance Bill, 2019 can now be referred to as the Finance Act, 2019. Is that simply all? No, it is not but I will break down all the important things you need to know below. This article will be in two series please look out for the second part of the series.
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The Central Bank of Nigeria (CBN) expects to achieve 2.38 per cent Gross Domestic Product (GDP) growth rate in the fourth quarter of this year.
Dr Hassan Mahmoud, the Deputy Director, Financial Policy and Regulation Department in CBN, said this in Yola at the 2019 workshop for financial journalists sponsored by the Nigeria Deposit Insurance Corporation (NDIC).
Mahmoud said that the GDP growth target would be an improvement over the third quarter growth rate of 2.28 per cent.
“If you are looking at the 1.1 per cent that we did in 2015/2016, and 2.28 per cent that we did in the third quarter of 2019, we will see that we have really moved substantially”.
Culled from: Vanguard
President Muhammadu Buhari has named Mr. Muhammad M. Nami as the new chairman of the Federal Inland Revenue Service (FIRS).
He replaces Mr. Babatunde Fowler, whose tenure expired on Monday.He is a tax consultant and graduate of the Ahmadu Bello University, Zaria, Kaduna State.
“Mr. Muhammad, a well-trained tax, accounting and management professional with highly rated qualifications and professional practice and licenses from relevant professional bodies, has almost three decades of practical work experience in Auditing, Tax Management and Advisory and Management services to clients in the banking, manufacturing, services and public sectors as well as non-profit organisations,” the Presidency said in statement by spokesperson, Garba Shehu.
Buhari also approved the composition of the board of FIRS.
Ekiti State was created in 1996 and the capital city is Ado Ekiti. The state is bounded by Kwara and Kogi in the north, lies east of Osun State and bounded by Ondo in the South. Ekiti State covers approximately an area of 5,887 square kilometers and is ranked 29th by size among Nigerian states. It is estimated that the population is about 3.27 million.
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