Labour Protest as FG Backdates Minimum Wage Implementation to July

The Committee on Consequential Adjustments in Salaries for civil servants convened on Friday to discuss the new minimum wage template and agreed to set the effective date for the ₦70,000 minimum wage at July 29, 2024. This decision was outlined in a Memorandum of Understanding (MOU) released after the meeting, which was attended by representatives … Read more

New VAT Rate: CITN President Reacts Says It Will Not Take Effect, See Why

New VAT Rate: CITN President Reacts Says It Will Not Take Effect, See Why

The President, Chartered Institute of Taxation of Nigeria (CITN), Dame Olajumoke Simplice has reacted to the new Value added Tax (VAT) rate of 7.5 per cent, says it will not take effect until the new Finance Bill is gazetted by the Federal Government. Ekohotblog reports that Dame Olajumoke told The Nation that gazetting of the … Read more