30 results
- 17 Dec 2021
Remi Babalola Quits FBN Holdings as Chairman, CBN Appoints Alhaji Ahmad Abdullahi as Replacement
Mr Remi Babalola, chairman of FBN Holdings Plc, has exited his position barely nine months after he was appointed. The Central Bank of Nigeria (CBN) has also approved the appointment of Alhaji Ahmad…
- 2 Jul 2020
FIRS Says Rent Agreement, C of O, Others Must Carry Stamp Duty
Federal Inland Revenue Service (FIRS) has said that henceforth, stamp duty will be paid on house rent and Certificate of Occupancy (C of O) in line with its new adhesive duty. Mr Abdullahi Ahmad,…
- 11 Jan 2021
FIRS Creates Tax Audit Units to Address Illicit Financial Flow
Federal Inland Revenue Service (FIRS) has created 35 additional Tax Audit Units across the country to address illicit financial flow. Abdullahi Ahmad, director, Communications and Liaison Department…
- 30 Jul 2021
NEMA Seeks NITDA’s Collaboration on Disaster Risk Mitigation
In its commitment toward mitigating disaster risk in Nigeria, the National Emergency Management Agency NEMA is seeking for support and stronger collaboration with National Information Technology…
- 8 Jul 2020
FIRS Extends Tax Debt Payments to August 31
Federal Inland Revenue Service (FIRS) has extended the closing date of its waiver of penalty and interest window on tax debts owned by individuals and businesses from June 30 to August 31, 2020. Mr…
- 25 Aug 2021
MultiChoice, FIRS Fight over N900Bn Tax Claims
MultiChoice Nigeria on Wednesday said the Tax Appeal Tribunal (TAT) did not compel it to make payment of 50% of N1.8 trillion, which is N900 billion to the Federal Inland Revenue Service (FIRS). Mr…
- 4 Jul 2019
CBN Okays Free Operation of Mobile Wallet by Banks
Central Bank of Nigeria (CBN) has said that Deposit Money Banks can now operate mobile money wallet services without prior approval. The banking regulator stated this in a circular to DMBs…
- 8 Jul 2021
MultiChoice to Work with FIRS to Prove Tax Compliance
MultiChoice Nigeria, owners of DSTV, has said that it will work with the Federal Inland Revenue Service (FIRS) to prove that the organisation is tax compliance. FIRS had engaged some commercial banks…
- 20 Oct 2019
CBN Fines 12 Banks N500Bn for Refusing to Lend to Customers
Central Bank of Nigeria (CBN) has fined 12 major banks N499.1billion for breaching its guidelines on lending to the real sector of the economy. According to an approved debit instruction, the…
- 30 Aug 2021
Falana Says Judgement on VAT Will Strengthen Campaign for Restructuring
Mr. Femi Falana, human rights lawyer, has, said the judgement of the Federal High Court in Port Harcourt, which ruled against the administration and collection of Value Added Tax (VAT) by the Federal…
- 31 Jan 2024
Femi Otedola Becomes chairman of First Bank Holdings
Billionaire businessman Mr Femi Otedola, has emerged as the chairperson of the board of FBN Holdings Plc, whose flagship company is First Bank. He was appointed to the role during a meeting of the…
- 17 Mar 2021
FIRS Dismisses Pantami, Insists NIPOST Not Authorised to Collect Stamp Duty
Federal Inland Revenue Service (FIRS) has maintained that the collection of stamp duty collection in Nigeria was still under its purview. The agency described as false publications in some newspapers…
- 21 Jul 2019
How, Why Mobile Wallets Can Deepen Financial Inclusion
Access to financial services opens doors for families, allowing them to smooth out consumption and invest in their futures through education and health. Access to credit enables businesses to…
- 2 Sept 2022
Alaqa Series Set To Premiere On Africa Magic Hausa Today
Popular Hausa web series, Alaqa, is set to premiere today on Africa Magic Hausa on DStv, the home of premium family entertainment. Directed by the multi-talented Kannywood actor Ali Nuhu, Alaqa is a…
- 15 Aug 2021
FIRS Takes VAT Custody Case to Appeal Court
Federal Inland Revenue Service (FIRS) has gone to appeal court to determine who actually has the powers to collect tax on goods and services to the states of the federation, otherwise, Value Added…
- 3 Dec 2020
FIRS to Go After Tax Defaulters from January 1
Federal Inland Revenue Service (FIRS) said it will go after tax defaulters to recover outstanding taxes as from January 2021. However, before embarking on the tax recovery drive, the FIRS said it…
- 22 Jun 2022
Senate Probes Shell Over Alleged Joint Venture Breach
The Senate, on Wednesday, constituted an Ad-Hoc Committee to investigate Shell Petroleum Development Company (SPDC) over non-compliance with the Petroleum Act and breach of the Joint Venture…
- 28 Sept 2010
Pearl Awards Holds 15th Year Editio
The 2010 edition of the prestigious PEARL Awards, a celebration of outstanding quoted companies in Nigeria is scheduled to hold on Sunday November 28, 2010 at the Grand Ball Room of the prestigious…
- 1 Jun 2022
ATCON Sets June 9 for its Conference on Actualization of National Broadband Target of 70%
The Association of Telecommunications Companies of Nigeria (ATCON) has announced Thursday, June 9, 2022 as date for one of its flagship events – National Strategic Mobilization for the Actualization…
- 24 Oct 2021
Ugbe, MultiChoice CEO Begins Tenure as BON Chairman
John Ugbe, chief executive officer, MultiChoice Nigeria, has been sworn in as the chairman of the Broadcasting Organizations of Nigeria (BON). The swearing in ceremony held yesterday at the Transcorp…
- 30 Jul 2020
NITDA DG Harps on the Role of ICT in Nigeria’s GDP
Mallam Kashifu Inuwa Abdullahi, director general, National Information Technology Development Agency, NITDA, has extolled the contributions of Information and Communications Technology (ICT) sector…
- 6 Oct 2015
Kano State Government Lauds Etisalat’s Adopt-A-School Initiative
The Kano State Government has commended Nigeria’s leading innovative telecoms operator, Etisalat Nigeria over its Adopt-A-School initiative, a pan-Nigeria intervention programme aimed at improving…
- 4 Nov 2015
Buhari Emerges Senate Committee Chairman on ICT
Senator Bukola Saraki, senate president, on Wednesday announced the leadership composition of the Senate Committees, while giving them oversight functions. From the list, Senator Abdulfatai Buhari…
- 1 Sept 2019
Experts Okay Deposit Forfeiture for Loan Defaulters
The Central Bank of Nigeria (CBN) new policy regime mandating banks to go after customers who default on the repayment of their loans by seizing their deposits in other accounts is backed by law,…
- 30 Mar 2022
Senate Asks Pay-TV Providers to Slash Tariff
The Senate has asked all cable television service providers to immediately review their bouquet prices downwards, in tandem with the prevailing reality of the economic situation in Nigeria. Ahmad…
- 13 Apr 2022
Lawan Asks Multichoice to Stay Action on Tariff Hike
Ahmad Lawan, Senate President has warned Multichoice Nigeria not to dare Nigeria by going ahead to hike the tariffs of its products while the matter is under investigation. The Senate had, on March…
- 23 Feb 2023
2023 General Elections: Pantami Inaugurates Committee for Cyberspace and ICT Infrastructure Protection
Prof. Ali Ibrahim Pantami, minister of Communications and Digital Economy, on Thursday, inaugurated a Committee led by the Chairman of the Nigerian Communications Commission (NCC), Prof. Adeolu…
- 29 Sept 2020
FG Awards Cash Prizes Worth N16.5m to Winners 0f Nigeria @ 60 Challenge
The Federal Government of Nigeria, through the Ministry of Communications and Digital Economy, has awarded prizes worth N16.5million to nine Nigerians who emerged winners of the Nigeria @60…
- 22 Sept 2023
Yemi Cardoso Assumes Duty as Acting CBN Governor
Dr Olayemi Cardoso, on Friday, formally assumed duty as the acting Governor of the Central Bank of Nigeria (CBN). According to a statement by Isa AbdulMumin, CBN’s Director, Corporate Communications,…
- 3 Apr 2020
FG Regrets Begging Musk, U.S. Billionaire for Ventilators
Federal Ministry of Finance, Budget and National Planning has deleted a tweet in which it pleaded with Elon Musk, American billionaire, for ventilators to treat the COVID-19 pandemic. Mr. Yunusa…