Tax Credit

Fidelity Bank’s credit losses more than doubled in the final quarter from slightly over N32 billion at the end of the third quarter to N66 billion at full year. The final quarter upsurge in loan losses is close to three times the N12…

The hopes for Oando Plc ending the 2019 operations at a profit rest fully on how much tax credit may be in its coffers by December 31. The flow of costs and incomes ended with a pre-tax loss of over N9 billion at the end of the third…

Oando Plc reaped a windfall of N28.6 billion in tax credit in the second quarter ended June 2019, saving the company from hitting a big loss at half year. The tax credit provided a bridge for the energy company to cross over from a huge…

Minister of Budget and National Planning, Senator Udoma Udo Udoma, has explained why the 2019 proposed budget size is smaller than the 2018’s. He said it was important to contain the size of the deficit and control borrowing.…