• FIRS-logo

    FIRS Expands Tax Net With 3million New Taxpayers

    | Leave a comment

    Chairman of the Federal Inland Revenue Service (FIRS), Tunde Fowler said the number of taxpayers in the Nigerian tax database has been increased by 3 million additional taxpayers in the last few months. The new rate brings the official number of individuals and enterprises in the country to 13, 034,22 million from about 10 million…

    Continue Reading ...
  • Assessing The Planned Increase In VAT

    | Leave a comment

    The burden of a possible VAT increment in Nigeria may be huge, but the benefits cannot be undermined. In this report, MARK ITSIBOR takes a look at the gains and losses of the proposed increase in the nation’s VAT rate. To stakeholders in the Nigerian communication industry, the plan by the authority to increase communication…

    Continue Reading ...
  • jay_Ireland

    General Electric Plans N46.8bn Investment In Nigeria

    | Leave a comment

    United States industrial firm, General Electric (GE.N), yesterday announced its plans to invest $150 million (N46.8 billion) in some development projects in Nigeria by 2017. Chief executive of General Electric in Africa, Jay Ireland, told the FT Africa Summit in London that GE would also invest in oil and gas industry projects. Ireland said the…

    Continue Reading ...
  • buhari-and-zuckerberg-768x432

    PMB Commends Zuckerberg For Inspiring Nigerian Youths

    | Leave a comment

    …As Airtel, others congratulate winners of Aso Villa demo day President Muhammadu Buhari yesterday commended the Chief Executive Officer and Co-founder of social networking website, Facebook, Mark Zuckerberg for sharing his wealth of knowledge with Nigerian youths and inspiring a new generation of entrepreneurs. Receiving the internet entrepreneur at the Presidential Villa, Abuja, the president  …

    Continue Reading ...
  • buhari-new

    Nigeria In Economic Recession, Says FG

    | Leave a comment

    The federal government yesterday admitted that the country’s economy was in full recession, having earlier said in July that what the country was experiencing was a technical recession. The confirmation by the federal government followed the release of data by the National Bureau of Statistics (NBS) on Wednesday, which revealed that Nigeria’s economy nose-dived again…

    Continue Reading ...
  • FAAC-Members

    FAAC: FG Records N250.970bn Fall In Revenue

    | Leave a comment

    The Account Allocation Committee (FAAC) yesterday announced a revenue shortfall of N250.970billion to the federation account for the month of July 2016. The statutory revenue that accrued to the nation’s account dropped from the N538.788 billion received in June to N287.819 billion in July, representing 11 per cent decrease. Permanent secretary, federal ministry of finance,…

    Continue Reading ...
  • adebayo-shittu-minister

    TUC Rejects Proposed 9% Hike On Calls, SMS, Others

    | Leave a comment

    The Trade Union Congress of Nigeria (TUC) has asked the federal government to drop its planned introduction of new Communication Service Tax (CST) which if passed into law, would automatically allow the federal government to place a nine per cent tax charges on all phone calls, SMS, MMS, data package and other telecoms transactions. In…

    Continue Reading ...

Daily Columns