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Weekly Economic Index: Nigeria taxes its informal sector, suspends 5% excise duty on telecom, and Meta unveils Threads - Vimarsana News

Weekly Economic Index: Nigeria taxes its informal sector, suspends 5% excise duty on telecom, and Meta unveils Threads

Last week was not a regular week for Netizens globally. Facebook‘s parent company, Meta, finally unveiled Threads, an alternative to Twitter.

Let Nigerian businesses breathe - Punch Newspapers - Vimarsana News

Let Nigerian businesses breathe - Punch Newspapers

The most advanced economies in the world share one of several traits: they nurse their private sectors into job-creating behemoths. They encourage businesses to invest and expand through friendly fiscal policies such as lessened corporate tax rates and incentives like tax breaks, leading to job creation.

Tax reforms: Okumagba lauds Tinubu, urges Nigerians to support committee - Vimarsana News

Tax reforms: Okumagba lauds Tinubu, urges Nigerians to support committee

A former Commissioner of Finance in Delta State, Olorogun Bernard Okumagba, has extolled President Bola Tinubu for reducing the tax burden on Nigerians

Tokunbo vehicle sales drop by 70%, buyers opt for Nigerian-used cars - Vimarsana News

Tokunbo vehicle sales drop by 70%, buyers opt for Nigerian-used cars

The recent 40 per cent hike in the exchange rate for cargo clearance at the seaports and the increase in tariff on imported cars by a terminal

Rising inflation: Private sector demands more waivers as Tinubu suspends taxes - Vimarsana News

Rising inflation: Private sector demands more waivers as Tinubu suspends taxes

The private sector operators however pointed out that the tax suspensions were inadequate to curb rising inflation and other macroeconomic headwinds threatening the survival of many local businesses.