APC

The House of Representatives is set to probe the alleged N1.8 trillion tax owed to the Federal Government by Multichoice Group, the operator of DSTV and GoTV. The resolution followed the adoption of a motion by Rep. Saidu Abdullahi(APC-Niger) at plenary in Abuja on Wednesday. Moving the motion, Mr Abdullahi said Multichoice, a prominent multinational corporation operating in Nigeria, had been accused of non-remittance of tax revenues due to the Federation. This, he said, was evidenced by the suppression of…

Nigerian lawmakers have resolved to investigate the departure of some multinational companies from the country amid a volatile macroeconomic environment. The resolution was reached by the House of Representatives following the adoption of a motion moved by Patrick Umoh (APC, Akwa Ibom) and two other legislators during Tuesday’s plenary session. The co-sponsors are Lukman Mudashiru and Paul Ekpo. Foreign companies, especially manufacturers and energy firms, have been leaving Nigeria with many citing the current…

President Muhammadu Buhari Friday urged citizens to give him seven days to resolve the cash crunch that has become a problem across the country from the policy of the Central Bank of Nigeria to change high value Naira notes with new ones. He was speaking to the Progressive Governors Forum who came to the Presidential Villa to seek solutions to the cash crunch which they said was threatening the good records of the administration in transforming the economy. President Buhari said the currency re-design will give…

Improve Article Save Article Like Article Improve Article Save Article The functional relationship between consumption and national income is known as Consumption Function. It represents the willingness of households to purchase goods and services at a given income level during a given period of time. It is represented as C = f(Y). The consumption function is a psychological concept that shows consumption levels at different income levels in an economy. Besides, it is influenced by subjective factors like consumer…

Photos: PDP Chairman Iyorchia Ayu and APC chairman Abdullahi Adamu (Featured Image), EFCC Chairman Abdulrasheed Bawa, APC and PDP secretarials Keywords: APC. PDP. EFCC The Economic and Financial Crimes Commission (EFCC) is investigating the ruling All Progressives Congress (APC) and opposition Peoples Democratic Party (PDP) for suspected money laundering through their accounts in two banks in Abuja, PREMIUM TIMES can authoritatively report. It is not clear whether the investigation is…