create a system of taxation‚ a nation must make choices regarding the distribution of the tax burden-who will pay taxes and how much they will pay-and how the taxes collected will be spent. In Nigeria‚ the taxation system dates back to 1904 when the personal income tax was introduced in northern Nigeria before the unification of the country by the colonial masters. It was later implemented through the Native Revenue Ordinances to the western and eastern regions in 1917 and 1928‚ respectively. Among
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Quarterly update – December 2013 Final analysis by Nenad Pacek Business and economic outlook Nigeria • • • • • • • • • • • • • Executive summary Facts Economic fundamentals Strategic business importance Corporate sales and profit trends Growth trends and drivers Household consumption trends Gross fixed investment trends Government spending trends Currency outlook Interest rates and inflation outlook Political risks to be aware of Forecast table Contents
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Research Journal of Finance and Accounting ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) Vol 3‚ No 10‚ 2012 www.iiste.org International Financial Reporting Standard (IFRS): Benefits‚ Obstacles And Intrigues For Implementation In Nigeria *IKPEFAN‚ OCHEI AILEMEN Ph.D (Banking &Finance)‚ ACA‚ACIB Department of Banking & Finance‚ Covenant University‚ Ota‚ Ogun State E-mail: ochei_ikpefan@yahoo.co.uk; Tel:234- 08053013418 **AKANDE‚ A.O B.Sc (Business Administration)‚ MBA; Department of
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INTRODUCTION Nigeria is the most populous country in Africa and the eighth most populous country in the world with a population of 154‚ 729‚000 citizens. Our nominal GDP is $207. 116 billion and we have a nominal per capita income of $1‚4011. Nigeria also has the second largest economy in Africa . If I may ask‚ is this country not blessed? Yet‚ it is still plagued by youth unemployment which had been one of our major problems in recent years. Both government and the private sector had discussed
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NARY A DROP TO DRINK Water is all around us. This substance is of high importance to every living thing which is on planet earth. As much as we consider water to be life and the most important substance‚ still we don’t seem to appreciate it very much‚ as it is being wasted in such great amounts. Everyone believes that water will always be around but not taking into account that the majority of the water on planet earth are not for human consumption. Human beings can only survive on consuming
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UK: Food and drink We have chosen the topic Food and drinks because we have heard a lot about British cuisine but in fact we don’t know a lot about it. We think that with this presentation we could give you a little bit more information about the food and drink habits of the UK. 1. A brief history British cuisine has always been multicultural. In ancient times it was influenced by the Romans and in medieval times by the French. When the Frankish Normans invaded‚ they brought with them the
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making it impossible for them to prosper (Edokpayi‚ 2004). To explore this issue I wish to analyze the effect of globalization on one of the richest countries in resources in Africa – Nigeria. I want to explore in particular the negative and positive effects that oil prospecting has had in the Niger Delta region of Nigeria‚ economically‚ socially and environmentally. I also wish to analyze the extent to which the Nigerian government is responsible for the region’s lack of economic prosperity. My hypothesis
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first in the 1950s. Nigeria had it’s first appearance in the Helsinki Olympic Games in 1952‚ and it’s first victory in 1954‚ when Emmanuel Ifeanjuna won a gold medal in the high jump at the Commonwealth games in Cardiff. In 1962‚ the Nationals Sports Council was set up‚ and in 1971‚ the National Sports Commission‚ and they had the following responsibilities (stated exactly as is): * To coordinate and integrate efforts to raise the standard of performance in sports in Nigeria. * To encourage
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Electronic Retail Payment Systems: User Acceptability and Payment Problems in Nigeria 1.1 Introduction The world has witnessed an upsurge of electronic payment instruments meant to facilitate trade and simplify payments. (Abor‚ 2004) Before the introduction of electronic payment into the Nigerian banking system‚ all customers had to walk into the actual bank to do transaction of all kinds. Customers had to queue up and spend more hours to talk to a teller to make their transactions. (Abor‚ 2004)
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COPYRIGHT PROTECTION IN NIGERIA You would recall that in my last article‚ I stated that there is no centralized system of registering copyright in Nigeria. I stated that a “work” which is the subject not the copyright need not be registered before it can be protected under the law. In the process of patenting an invention‚ I came across a process known as copyright notification and I think it is important that I share it with you (You are probably wondering what Patent registration has to do with
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