…earning below N12m get exemptionThe regulations provide significant relief for small businesses and informal traders.Under Regulation 6(2), businesses with actual or estimated annual turnover not exceeding ₦12 million are exempt from the presumptive income tax.However, businesses exceeding the threshold and qualifying…

…He called for stronger domestic production, export expansion and support for small businesses, while urging that economic opportunities be extended to women, young people and rural communities. In his opening address, the Chairman of Odu’a Investment Company Limited, Bimbo Ashiru, warned that poor leadership decisions…

…VAT laws address business concernsThe NRS acknowledged concerns among traders and small businesses about their obligations under the revised tax framework.It promised improved taxpayer education covering registration, record-keeping, transaction reconciliation, filing procedures and applicable tax reliefs.The agency ma…

…business in NigeriaLegit.ng earlier reported that for many Nigerian households and small businesses, reliable electricity remains an expensive necessity. Generators need fuel, outages interrupt work, and backup systems can disappoint when poorly installed. For entrepreneurs with the right skills, these frustrations cre…

…designed to simplify tax compliance, strengthen revenue mobilisation, support eligible small businesses and improve accountability. He stressed, however, that the quality of the legislation alone would not guarantee success without fair implementation.Make PUNCH part of your everyday experience.Add us to your Preferred…

…He also said the government was expanding access to finance for smallholder farmers and small businesses, which he described as important sources of employment. Oyedele said the administration was also providing direct support to vulnerable households while longer-term investments were being implemented. “Our cash tran…

…said the projects would strengthen electricity infrastructure for manufacturers, small businesses and households, with the potential to support employment, commercial activities and improved living conditions. It described the commissioning as part of President Bola Tinubu’s Renewed Hope Agenda and his drive to reposit…

…shared prosperity through food security, job creation, human development and support for small businesses. (NAN) The post Fitch upgrades Nigeria’s outlook to positive, affirms ‘B’ rating appeared first on Vanguard News.

…for millions of Nigerians the grid doesn’t reach: homes, hospitals, schools, farms and small businesses. Local production is growing, but it can’t yet meet that demand in volume or price. A ban now would have raised costs, stalled projects and put the progress of the last decade at risk.” Ademilua’s comments highlight…

…also advocated reliable energy as an important enabler of education, healthcare, small businesses and industrial development. He proposed the development of renewable-energy-powered microgrids across the state's 177 wards, saying such infrastructure could provide electricity for schools, health centres, workshops and s…

…an insult to millions of Nigerian families who can no longer afford basic necessities, small businesses struggling to survive and transporters who have been crippled by the astronomical cost of fuel.” The ADC-PCC also praised its presidential candidate, Atiku Abubakar, for his continued criticism of the Federal Governm…

…plans to expand cash transfers for vulnerable households and direct credit support for small businesses. The rollout of compressed natural gas for transport operators would be accelerated, with operators expected to pass savings on to commuters.The minister said operators who exploit consumers could face sanctions, wit…

…to cushion the effect of higher fuel prices. It will also provide subsidised credit to small businesses and consumers. 6. Faster rollout of CNG vehicles The government said it would accelerate the deployment of compressed natural gas vehicles across the country. It said federal and state governments would support the r…

…being pursued to make the system fairer, reduce the burden on low-income earners and small businesses, and strengthen enterprise. On education, the Senate President highlighted the Nigerian Education Loan Fund as an intervention aimed at ensuring that financial circumstances did not determine the future of young Nigeri…

…financial inclusion, promote digital financial services and enhance the capacity of small businesses to access formal credit,” Obegolu said. He also called for increased financing for agriculture, manufacturing, trade, technology and export-oriented businesses, noting that high operating costs and limited access to cap…

…that the new reign would usher in greater development in education, healthcare and small businesses, which he described as sustainable antidotes to growing youth criminality. The governor, who described Opobo as one of the most peaceful local government areas in the state, charged the new king to maintain zero toleranc…

…and formal workplaces. Construction sites, workshops, domestic workplaces and other small businesses can be just as important to the fight against child labour. Cross-border workers are not inherently a child protection problem. Regional mobility is an established part of West Africa’s economic system and remains impor…

…economist urged lenders to expand direct financing for manufacturers, agriculture and small businessesPAY ATTENTION: Find it fast with our new search feature at Legit.ng! Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.Five Nigerian lender…

…in March now costs between ₦60,000 and ₦70,000.For restaurants, food vendors and other small businesses, the increases raise the cost of preparing meals. Households buying smaller quantities also face a larger bill for the same ingredient.However, bag sizes and onion varieties differ, meaning the percentage increase is…

…to do. We will make sure they go back to farm. “We will make sure they go back to small businesses. We will support them and tell them the bad effects of drugs.” The former governor of Anambra further decried what he described as a high drug prevalence rate in Nigeria. He said the country lacks adequate laws against dr…

…between N1,400 and N1,450 per litre, adding to the financial strain on households and businesses that rely on petrol for transport and power generation.Previously, petrol prices averaged N1,300 per litre.PAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagram!CPPE Rejects Subsidy ReturnIn a pol…

…Ethics, held at the University of Lagos. Speaking on the theme, “Ethical Paradoxes, Small Businesses, and the Informal Economy: Lessons for Tax Compliance and Accountability in Nigeria,” he identified poor accountability and declining public trust as major obstacles to tax compliance in the country. “Nigerians do not n…

…First Lady, Oluremi Tinubu, sparked reactions when she encouraged Nigerians to explore small businesses such as akara and kuli-kuli as part of efforts to improve their livelihoods. Speaking after a Renewed Hope Initiative meeting with wives of state governors in Abuja in June, the First Lady said such businesses could…

…is whether the improvement in the macro numbers is translating into better margins for small businesses.” “Nigeria’s Q2 GDP growth was 4.43%, up from 3.89% in Q1. But I’d want to see what happens to operating costs and consumer purchasing power first,” he wrote. Similarly, another X user, known as Nwachukwu, said: “Chu…

…for young people, expanding women’s economic participation, supporting farmers and small businesses, and connecting communities to markets and public services. The minister also pledged stronger collaboration between the Federal Ministry of Information and National Orientation and the Taraba State Ministry of Informati…