AFRICA AND RUSSIA ARE NATURAL ALLIES - PUTIN. (PHOTO).

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 Africa and Russia are natural allies - Putin Russian President Vladimir Putin courted dozens of African leaders at a Russia-Africa summit that wraps up Thursday as he seeks to bolster Moscow’s clout across the continent. Speaking during a meeting in the Kremlin on the second day of the summit, Putin said that “Russia and Africa are united by truly strong bonds of friendship and close partnership.” “We are natural allies in building a multipolar, genuinely democratic world order, free from diktat and double standards and based on respect for the norms of international law and the fundamental principles of the United Nations Charter,” Putin said, AP reported. He mentioned Moscow’s support for the African nations’ anti-colonial fight during Soviet times. “Russia has always been and remains committed to seeing African nations defend their sovereignty, achieve steady growth, and strengthen their economies and social sectors,” the Russian leader said. “We stand ready to continue working...
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NPA SLAMS NEW STAMP DUTY ON TRUCKS.(PHOTO).

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NPA slams new stamp duty on trucks

The Nigerian Ports Authority, through the Trucks Transit Parks, has introduced a mandatory N50.00 stamp duty payment on every N1,000 receipt issued to truck drivers.

This was contained in a notice sighted by the PUNCH on Tuesday.

In the notice dated August 14th the management of TTP said that with effect from September, the NPA has directed them to commence the implementation of the directive on the denotation of all issued receipts of N1,000.00 and above in value with N50.00.

According to TTP, the directive is a policy of the Federal Ministry of Finance issued two years ago to all Heads of Ministries, Departments, and Agencies.

The notice read in part, “In furtherance to the provisions of the Finance Act, the Federal Ministry of Finance issued a circular dated April 19, 2021, directing all heads of Ministries, Departments, and Agencies of Government to denote all issued receipts of N1,000.00 and above in value with N50.00 Stamp produced by the Nigerian Postal Service. Following engagements between the NPA and NIPOST on the implementation of the circular issued, the NPA has now directed our company, to commence the implementation of the circular on the denotation of all issued receipts of N1,000.00 and above in value with N50.00.”

According to the notice, “The implication of NPA’s directive above for stakeholders in the port environment doing business with TTP is that, from the effective date stated below, all bookings on the eto platform shall now attract a mandatory additional charge of N50.00. In the light of the foregoing, all stakeholders are by this notice, informed that in compliance with the above-mentioned directive of the NPA, TTP would commence implementation of the said directive, from September 1, 2023,” the notice said.


 

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