regime

Visa

FG To Introduce New Visa Regime To Boost Economy

The Comptroller General (CGI) of Nigeria Immigration Service (NIS) Mr Muhammad Babandede says the Federal Government plans to introduce a new visa regime to boost the economy.
Babandede said this at the 2019 dinner and award night organised by the service in Abuja.
He added that the new visa regime will be unveiled by the Minister of Interior Mr Rauf Aregbesola before the end of 2019.

He said that the regime would put Nigeria in line with global practice adding that the system would be transparent and that security would not be compromised.

β€œThe e-visa policy will encourage investors to

Nearly 70 Dead In Syria Regime Clashes With Idlib Militants

Two days of clashes between regime forces and armed groups in Syria’s last major opposition bastion have killed nearly 70 on both sides, a war monitoring group said Sunday.

The battles in the northwestern province of Idlib are the most violent there since a Russian-brokered ceasefire agreement went into effect in late August, said the head of the Syrian Observatory for Human Rights.

On Sunday morning, clouds of smoke rose over the Maaret al-Numan region as warplanes pounded jihadists and allied rebels in positions they had recently recaptured from regime forces, said an AFP correspondent.

Finance Bill: New Tax Regime To Take Effect From Jan 2 – FG

The much-debated and anticipated new tax regime expected to fund the 2020 budget and restructure tax administration in Nigeria will take effect from the 2nd of January next year.

According to THISDAY, the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, in a panel session at the PwC Executive Session on Finance Bill and Tax Strategy, the bill would be revised yearly as the Federal Government is planning to grow the ratio of revenue to Gross Domestic Product (GDP) from 6% to 15% by 2023, with a greater percentage of revenue coming from non-oil sources.

The minister disclosed …

CBN signals end to official rate regime for naira

The Central Bank of Nigeria (CBN) may soon allow the naira to freely find its value, with a possible depreciation on the official rate, usually pegged at about N305/$, an update on its website has indicated.

The development is signaling an end to the most criticised foreign exchange rate window, which has been used mostly for government’s critical businesses that affect the public, particularly the importation of petroleum products.

If the move sees light of day, it will mean that the value of the naira at the official window is depreciated with its concomitant closure of the peg.

Yesterday, the …