Morning Beats

FG targets four million new taxpayers through VAIDS

Through the implementation of the Voluntary Assets and Income Declaration Scheme, the Federal Government is targeting to bring a total of four million new taxpayers into the tax net.Punch

W’Bank approves $486m for Nigeria’s power transmission system

The World Bank has approved an International Development Association credit of $486m for the rehabilitation and upgrading of Nigeria’s electricity transmission substations and lines.

Dangote Cement seeks $1bn from London IPO

Dangote Cement Plc, owned by Africa’s richest man, Aliko Dangote, has revived plans for a share sale in London that could raise about $1bn, according to people familiar with the matter.Punch

Stocks extend gains, index rises by 1.03%

The Nigerian Stock Exchange extended Wednesday’s gain, with the All-Share Index appreciating by 1.03 per cent to 42,604.40 from 42,171.80 basis points, following sustained demand across most sectors.Punch

Sustaining infrastructure development with tax revenues

Infrastructure development is crucial in making businesses thrive and life better for the people. But it comes at huge cost as revenues from taxation, Land Use Charge and other channels are needed to help government achieve its developmental objectives. The Nation 

FG to double tax to GDP ratio in 2yrs – Adeosu
The Federal Government is committed to doubling Nigeria’s tax to Gross Domestic Product (GDP) ratio from its current six per cent to 12 per cent by year 2020.Vanguard

Luxembourg firm invests Sh100m in microfinancier Musoni

Luxembourg-based private equity (PE) firm Fonds Européen de Financement Solidaire (Fefisol) has invested Sh100 million in Musoni Microfinance Ltd that targets small-scale farmers and the informal sector.Business Day Kenya

Ramaphosa’s 12-step programme to fix SA

These are the top 12 priorities outlined by President Cyril Ramaphosa in his state of the nation address.Business Day

Shiny future for Burkina Faso’s gold-mining industry

Ouagadougou — Burkina Faso expects to produce a record 55 tonnes of gold in 2018, a two-thirds increase on five years ago, as new projects in the landlocked West African country come on tap, the mining minister said in an interview.Business day

Palm oil industry battles with growing demand and less available land

Gbah/Kuala Lumpur — When Malaysia’s biggest plantation company, Sime Darby, leased 220,000ha of lush forest in northwest Liberia in 2009, executives said they had found a much-needed new frontier in global palm oil development.Business day

FG tracing, tracking illicit financial flows, assets – Adeosun
As Africa loses $80bn annually through Illicit Financial Flows The African Continent loses a whooping $80 billion, annually, to Illicit Financial Flows (IFF), the Minister of Finance, Mrs. Kemi Adeosun, has revealed.Vanguard