Finance Act: 50% Banks Forex Gains Tax Won't Affect Nigerians, FG, NASS Pledge As National Assembly joint panel summons Cardoso
Sunday Aborisade in Abuja
The federal government and National Assembly clarified,
Monday, that the proposed Finance (Amendment) Bill, 2024 was not intended to impose a levy that would affect Nigerians, stressing
that the tax is squarely targeted at banks’ forex gains. According to the executive and national legislature, the bill
seeks to amend the Finance Act, 2023 to provide for the imposition of windfall tax, assessment and review of profits declarations and
for deferred payment agreements for financial institutions by the Federal Inland Revenue Service. The two arms of the federal
government insisted that the move was a pivotal step in the country's Continued on page 10
All Key US Democrats Endorse Kamala Harris for President after Biden Quits Race... Page 10 Tuesday 23 July, 2024 Vol 29. No 10695. Price: N400
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Obi: GDP Growth Was About 6.72% for 16 Years from 1999, Declined to 2.79% After... Page 29
Obaseki: If APC Doesn’t Allow Free, Fair Poll in Edo, It Will Trigger Crisis in Nigeria Again, court affirms Ighodalo PDP candidate
Alex Enumah in Abuja
Edo State Governor, Godwin
Obaseki, has cleared his recent statement, where he warned that if the opposition All Progressives
Congress (APC) did not allow free and fair election in the State, it could trigger crisis in Nigeria.
But the governor was surprised that the APC in the state had tried to spin his comments to suggest
that not allowing for a free and fair election would be a recipe for crisis in Nigeria.
Commissioner for Communication Continued on page 10
FG Moves to End Dangote, NMDPRA Rift, Meets Major Industry Stakeholders Akpabio: We’ll probe, identify and hold saboteurs in petroleum sector accountable Says it’s rescue mission for nation’s future Declares it’s not just financial issue, but matter of national security, sovereignty Highlights hurdles against Tinubu's welfare package for women, children HURIWA asks president to sack NMDPRA boss over Dangote refinery debacle
Story on page 10
FINDING SOLUTION TO DANGOTE REFINERY/ NMDPRA-NNPCL PUZZLE...
L-R: Chief Executive Officer(CEO), Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe; Minister of State Petroleum Resources (Oil), Heineken Lokpobiri; President of Dangote Group, Aliko Dangote; Group CEO, Nigerian National Petroleum Corporation Limited (NNPCL), Mele Kyari, and CEO, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, during a meeting with the minister in Abuja…yesterday