FG Warns States Against Peace Deals With Bandits 

The Federal Government has warned state governments against negotiating peace with bandits, describing such agreements as deceptive and counterproductive to national security efforts. The Minister of Defence, Christopher Musa, made this clarification in an interview with BBC Hausa monitored in Kaduna. He cited Katsina as an example, noting that the Federal Government had cautioned against…

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BREAKING: European Union Removes Nigeria From High-risk Financial List

Nigeria has been removed from the European Union’s list of high-risk jurisdictions, a move expected to ease trade, payments and investment flows between the country and Europe, according to a report by Business Insider. Business Insider reports on Wednesday that the European Commission confirmed that Nigeria, alongside South Africa, Burkina Faso, Mali, Mozambique and Tanzania,…

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NRS: VAT On Banking Fees Isn’t New —Here’s What You Need To Know

The Nigeria Revenue Service (NRS) has dispelled misinformation doing the rounds on the imposition of Value-Added Tax (VAT) on banking services, including electronic money transfer, fees and commission, describing the reports as incorrect and misleading. In a statement on Thursday, NRS said VAT has always applied to banking services and is not newly introduced under…

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