Tax and business advisory firm, Andersen, has questioned how the Federal Inland Revenue Service (FIRS), arrived at the N1.8 trillion tax bill it slammed on MultiChoice Nigeria, warning that it could harm the reputation of both parties. The firm’s position was contained in an article published on its website. Titled “Reputational Risks and Tax: MultiChoice […]
Continue Reading
President, LCCI, Mrs. Toki Mabogunje The Lagos Chamber of Commerce and Industry (LCCI) has expressed worries about the negative impacts of insecurity on Foreign Direct Investments (FDIs) inflow into the country and the business community at large. Indeed, the Chamber bemoaned Nigeria’s inability to attract FDIs as a result of the high level of insecurity, […]
Continue Reading
FIRS banks on stay of execution order ahead Appeal Court ruling States now custodians of collection until subsisting order is reversed, say analysts Lagos IGR to grow by N400b yearly with new VAT law, annual revenue may exceed N1tr Consumption has huge cost borne by states, says Owoh Lagos State Governor, Babajide Sanwo-Olu Ahead of […]
Continue Reading
President/Chief Executive, Dangote Industries Ltd., Alhaji Aliko Dangote, has revealed plans to increase human capacity at its Refinery Project site, from 40,000 personnel to 57,000 in the coming months. This is contained in a statement signed by Mr Anthony Chiejina, Group Head, Corporate Communications, Dangote Group on Sunday in Lagos. According to the President, Dangote […]
Continue Reading
A foremost Nigerian bank, Access Bank Plc, has announced a total assets worth of a whopping N10.06 trillion for the half year ended June 30, 2021 as against N8.68 trillion reported in full year ended December 31, 2020 indicating 16 per cent increase. It said that the impressive increase in total assets was driven by […]
Continue Reading
Nigeria’s foreign reserves have hit a two-month high, data released by the Central Bank of Nigeria (CBN) have shown. Sadly, the naira yesterday plunged to a new low at the parallel market, selling for between N525/$ and 530/$. According to the data, the gross component of the reserves climbed to $34.1 billion at the start […]
Continue Reading
Kaduna farmers repay less than 50 per cent 80 per cent of Kano farmers yet to pay We now take farmers to court, says RIFAN President ‘Some farmers see the loan as national cake’ Kebbi set up a recovery committee to no avail Anchor Borrowers Programme (ABP) in the Northwest is threatened by the failure […]
Continue Reading
Total Nigeria Plc has announced the appointment of Dr Samba Seye as the Managing Director of the firm. His appointment takes effect from Wednesday, September 1. The company made the announcement in a statement issued by its Country Communications Manager, Mr Charles Ebereonwu on Tuesday in Lagos. It says Seye is replacing Mr Imrane Barry […]
Continue Reading
BUA Group, one of Africa’s leading industrial companies, is set to commence the construction of a 2,000tons/day Plaster of Paris (Gypsum Powder) production plant. This was made known during the signing of an agreement between BUA and MMM Erba Makina of Turkey – one of the world’s leading equipment suppliers for plaster production to supply […]
Continue Reading
Some poultry farmers in Lagos state are lamenting over the recent bird flu outbreak across the country and have called for improved biosecurity measures in the poultry farms. They lamented the impact of the recent bird flu outbreak in the poultry sector in separate interviews on Monday in Lagos. Mr Emmanuel Iregbeyen, poultry farmer at […]
Continue Reading
