FG suspends VAT from airfares, aviation services
After more than three years of credible agitation by industry stakeholders, the Federal Government has again suspended the deduction of 7.5 per cent Value Added Tax (VAT) on airfares and other air transport services. The latest suspension order, scheduled to…
New IMO fuel sulphur regulation favours Nigerian sweet crude—PwC
Contrary to fears that Nigerian crude oil may be facing stiff market competition from next year over controversies facing OPEC cut regime from next year, a new report by PwC Nigeria, has projected higher demand for Nigeria’s sweet crude. This…
Stricter shipping fuel standards from January 2020 to push up fuel price
There are strong indications that landing costs of petroleum products imported into Nigeria would increase from January 1, 2020, when costlier shipping fuel standards by the International Maritime Organisation (IMO), comes into effect. Findings by Business Hilights Intelligence Unit (BHIU),…
Only technology can drive ease of tax compliance in Nigeria—PwC
The Head of Tax, PwC Nigeria, Mr Taiwo Oyedele has called on both states and the federal government to deploy relevant technologies in their drive for improved compliance to tax if they want to raise their revenue without stress. Explaining…
Real estate reform key to ERGP in Nigeria—PwC’s Chief Economist
One of the keynote speakers at the forth coming annual West Africa Property Investment Summit, Dr. Andrew Nevin, Partner and Chief Economist for PwC Nigeria has argued that real estate remains a fundamental sector capable of unlocking the growth of…
Lagos set for biannual Africa Fintech Summit for the first time in November
Africa’s premier fintech event, the Africa Fintech Summit, will be held for the first time in Lagos, Nigeria, on November 8-9, 2018. This event comes on the heels of the earlier edition in Washington D.C. which featured leading policy makers,…
Non-harmonization of taxes key worry of prospective investors in oil industry—PwC
A Partner and Africa Oil and Gas Industry expert at PwC Nigeria, Mr. Pedro Omontuemhen, has traced the observed cold feet of prospective investors in Nigeria’s oil and gas sector to issues of tax differentials and weak stability in fiscal…
New report sees Nigerian firms doing better than others in recession across Africa
Fresh business growth and expansion report released in partnership with PwC, Africa Development Bank (AfDB) and CDC Group has shown that about 59 Nigerian firms out of 343 companies from 42 African countries, stood stronger and more active than others…
