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  • Business - Companies
  • Updated: July 14, 2024

Business news roundup from July 7 - July 12, 2024

Business news roundup from July 7 - July 12, 2024

Welcome to the AllNews roundup of the 5 Latest Business News that made the round last week.

Outcry in Nigeria as fuel queues resurface

As the scarcity of fuel across the country bites harder, particularly in Abuja, Nigerians have taken to their social media handles to express their frustration. 

Recall that fresh queues for petrol surfaced in Abuja yesterday as many filling stations operated by independent marketers were closed. Read more here.

Electricity companies exempted from paying withholding taxes

NERC and Electricity ConsumersAll electricity companies, including the Generation and Distribution Companies, GenCos and DisCos, have been categorised as those exempted from the payment of Withholding Tax in the country.

This is according to the new Withholding Tax regulation document signed by the Minister of Finance, Wale Edun. Read more here

Nigeria’s healthcare funding among lowest worldwide - World Bank

The World Bank has disclosed that Nigeria’s health expenditure is among the lowest globally.

This is according to the Global Bank’s Human Capital Public Expenditure and Institutional Review. Read more here.

Tax: Enugu warns against fraudulent activities

The Enugu State Internal Revenue, ESIRS, has cautioned imposters against the issuance of fake receipts to taxpayers in the state.

The warning was issued by the Executive Chairman, ESIRS, Emmanuel Nnamani, in a statement on Thursday in Enugu, saying that impersonation is a criminal offence. Read more here.

FG seeks increased funding for emerging sectors from financial institutions

The Federal Government has called on the Bank of Industry, BOI, and other Development Finance Institutions, DFIs, in Nigeria, to ensure that there is provision of adequate funding for emerging sectors of the economy.

The call was made by Doris Uzoka-Anite, the Minister of Industry, Trade and Investment, during the 4th Annual General Assembly of the Association of Nigerian Development Finance Institutions, ANDFI, on Thursday in Abuja. Read more here

These are the latest Business news that made trends during the week. Visit our website https://allnews.ng for more Business news around the world.


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