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The government proposed a 100% increase of the minimum wage from ₦30,000 to ₦60,000, but the unions rejected this as "unsustainable" and demanded a larger increase. [2] According to BBC News, the monthly cost of the average Nigerian family's rice consumption is greater even than the government's proposed raised minimum wage. [3]
The Tax Cuts and Jobs Act, the 2017 tax reform bill, provided full business expensing, allowing employers to fully deduct capital expenditures, along with research and development costs, in year one.
The Board of Inland Revenue was created in 1958, and the service gained autonomy with the passing of the FIRS (Establishment) Act 13 of 2007. [ 3 ] In 2003, the Federal Government of Nigeria recognized that poor service delivery in the public sector had become an urgent national issue and undertook a series of steps that lead to the entering ...
The End Bad Governance protests, widely known by the hashtags #EndBadGovernance or #EndBadGovernanceInNigeria, were a series of decentralized mass protests in Nigeria [7] that mainly occurred from 1 August to 10 August 2024, triggered by the rising cost of living in the country.
Labor unions struggled to get the government to raise the minimum wage for civil servants from a monthly $67 a month. The 2019 pay increase came after workers staged protests. Follow AP’s Africa ...
In July 2024, Senator Kawu Suleiman Abdurrahman, representing Kano South, introduced a bill in the Nigerian Senate titled "Constitution of the Federal Republic of Nigeria, 1999 (Alteration) Creation of Tiga State Bill, 2024 (SB.523)". [3] The bill underwent its First Reading on July 10, 2024. [4]
A Binance executive taken into custody last month in Nigeria fled the country just days before authorities announced tax evasion charges against him, a colleague, and the crypto exchange.
29 May – Nigeria readopts Nigeria, We Hail Thee, which was the country's national anthem from 1960 to 1978, as its national anthem, replacing Arise, O Compatriots. [20] 30 May – 2024 Aba killings: Eleven people, including five soldiers, are killed in an attack on a military checkpoint by unknown gunmen in Aba, Abia State. [21]