Nigeria’s sovereign wealth agency records $350 million earnings

The Nigeria Sovereign Investment Agency (NSIA) says earnings described as “value addition” from various investments with its seed capital since it began operations in 2013 stands at over $350 million. Apart from $1 billion by the Obasanjo administration, the managing director of the authority, Uche Orji, said additional $500 million by the present administration in […]

Why proposed tax laws on NHF is a bad idea — PwC

A new tax law passed by the national assembly, awaiting assent from the president is seeking to impose over 200 percent of personal income tax on low income earners. Provisions of the new law tagged the National Housing Fund, NHF, (Establishment) Act 2018, includes a mandatory 2.5 percent contribution of monthly income by employees earning […]