THE DEFENCE HEADQUARTERS SAYS TROOPS ELIMINATED OVER 100 TERRORISTS, ARRESTED 345 TERRORISTS, AND RESCUED 393 KIDNAPPED VICTIMS IN THE MONTH OF JULY.(PHOTO).

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 The Defence Headquarters says troops eliminated over 100 terrorists, arrested 345 terrorists, and rescued 393 kidnapped victims in the month of July. The Director, Defence Media Operations, Major General Michael Onoja, stated this during the monthly Defence Media Operations briefing at the Defence Headquarters in Abuja. Major General Onoja added that during the period under review, 57 terrorists surrendered, over 1,000 arms and assorted ammunition were recovered, 18 illegal refining sites were destroyed, while 250,500 litres of stolen crude oil and refined petroleum products were recovered. Speaking further, Major General Onoja, on behalf of the Chief of Defence Staff, General Olufemi Oluyede, reaffirmed the Armed Forces' commitment to the protection of lives and property nationwide, and their resolve to ensure that kidnapping, terrorism, secessionist agitation, and other forms of criminality are purged from society.
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STAKEHOLDERS CALL FOR N100M TURNOVER THRESHOLD FOR SMALL BUSINESS TAX EXEMPTION. (PHOTO).

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 Stakeholders call for N100m turnover threshold for small business tax exemption


Stakeholders have urged the federal government to increase the turnover threshold for small businesses to be exempt from the new Withholding Tax (WHT) regulation from N25 million to N100 million. While they welcomed the government’s efforts to ease the tax burden on businesses, they argued that N25 million is too low given current economic realities.


They praised the policy for supporting small businesses but emphasized the need for a higher threshold to better reflect inflation and the devaluation of the naira.

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