The Nigerian Bureau of Statistics is expected to release the consumer price index and inflation report for July 2024.The platform is called the ‘Lagos Revenue Portal ’, said Abdul-Kabir Ogungbo, special adviser to Babatunde Sanwo-Olu, Lagos governor, on taxation and revenue.According to the apex bank, the auction aimed to reduce demand pressure in the FX market and promote price discovery.only bids valued at $876.26 million from 26 banks qualified, while bids from six banks were disqualified.
According to the CBN, the six banks’ bids, valued at $313.69 million were disqualified due to late bid submission and/or use of the wrong template.Speaking during an interview on AIT on August 6, Wale Edun, minister of finance and coordinating minister of the economy, said the tax breaks will be included in the Inflation Reduction Act.
“If you employ more people, you will be given a tax break against it. So that range of fiscal incentives will also be laid out in an executive order, which Mr. President will in due course sign.”The Independent Petroleum Marketers Association of Nigeria , says the August deadline for the commencement of operations at the Port Harcourt refinery is realistic.
However, reports claimed that the refinery’s position was different from its previous stance on crude supply by the NNPC. Denying the claims in a statement, Anthony Chiejina, group chief branding and communications officer, said the company has never alleged that the NNPC is not supplying the refinery with crude.Michael Achimugu, the director of public affairs and consumer protection at the Nigerian Civil Aviation Authority , announced the development in a post on social media on August 8.