24 results
- 9 Nov 2023
$47.8m Tax: MTN @ TAT, Seeks Answers to 5 Crucial Issues
MTN Nigeria has released details of its ongoing legal battle with the Federal Inland Revenue Service (FIRS) and why it is challenging the recent decision of the Tax Appeal Tribunal (TAT) that it…
- 20 Oct 2021
Multichoice Gets Approval to Appeal N1.8Trillion FIRS Claims
The Lagos Tax Appeal Tribunal (TAT) that Multichoice Nigeria Limited, owners of DSTV, has met the conditions to appeal against the N900bn levied on it by the Federal Inland Revenue Service (FIRS).…
- 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…
- 30 Oct 2023
MTN Appeals $72.5m Nigerian Tax Demand amid Forex Pains
MTN Nigeria Communications Plc has appealed the decision of the Tax Appeal Tribunal (TAT) over the payment of $72.5 million fine to the Federal Inland Revenue Service (FIRS). Recall that a Tax Appeal…
- 27 Oct 2021
MultiChoice Africa Rejects Tax Tribunal Ruling, to Appeal
MultiChoice Africa Holdings (MAH), the parent company of MultiChoice Nigeria, has rejected Tuesday’s ruling of the Tax Appeal Tribunal (TAT), which dismissed its appeal against the $342million Value…
- 1 Sept 2021
PwC Faults Tax Tribunal’s Order on N900Bn Payment in FIRS Tax Claims against MultiChoice
PwC, leading professional services firm, has questioned the recent ruling of the Tax Appeal Tribunal (TAT) ordering MultiChoice Nigeria to deposit N900bn, half of the N1.8 trillion the Federal Inland…
- 27 Sept 2021
MultiChoice Gets Breather in FIRS ‘s N1.8 Trillion Tax Claims
Lagos zone of the Tax Appeal Tribunal (TAT) hearing the N1.8 trillion tax dispute between the Federal Inland Revenue Service (FIRS) and MultiChoice Nigeria has announced October 20 as the date for…
- 30 Jan 2025
Federal High Court Affirms $87.9m Fines, Interest Imposed on MTN By FIRS
Justice Ayokunle Faji of the Federal High Court in Lagos has upheld the penalties and interest amounting to $87.9 million imposed on MTN Nigeria Communication Plc by the Federal Inland Revenue…
- 4 Sept 2020
KGIRS Seals Union Bank Premises in Kogi over Tax Liability
Kogi State Internal Revenue Service (KGIRS) on Friday sealed the premises of Union Bank of Nigeria (UBN) Plc for its refusal to pay tax liability of over N147.3 million owed the Kogi state…
- 21 Mar 2019
NIBSS Extends POS Transaction Timeout to 45 Seconds
Nigerian Interbank Settlement System (NIBSS) has extended Point of Sale (POS) transactions timeout from 15 second to 45 seconds. Niyi Ajao, NIBSS acting managing director, who disclosed this…
- 10 Mar 2022
FIRS, MultiChoice Nigeria Agree to Resolve Tax Dispute
Federal Inland Revenue Service (FIRS) and MultiChoice Nigeria, leading pay television service provider, have agreed to an amicable resolution of their pending tax disputes which led to a series of…
- 9 Mar 2022
FIRS, MultiChoice Nigeria Agree to Resolve Tax Dispute
The Federal Inland Revenue Service (FIRS) and leading pay television service provider, MultiChoice Nigeria, have agreed to an amicable resolution of their pending tax disputes which led to a series…
- 3 Jul 2025
FIRS Commits to Fostering Trust, Voluntary Compliance Nationwide @ Tax Clinic
The Federal Inland Revenue Service (FIRS) has reaffirmed its commitment to fostering trust and voluntary tax compliance among small businesses, startups, and informal sector operators across the…
- 23 Jul 2015
Buhari on Revenge Mission over 1985 Coup that Ousted Him —Yakassai
Alhaji Tanko Yakassai, national chairman, Northern Elders Council (NEC) and elder statesman, has warned former President Ibrahim Badamasi Babangida and all those that participated in the 1985 coup de…
- 15 Oct 2015
Stanbic IBTC Bank Launches Automated Cash Deposit, Recycling Solution
To deepen the Central Bank of Nigeria (CBN)’s cashless policy, Stanbic IBTC Bank, a member of Standard Bank Group, has implemented the usage of an Automated Cash Deposit and Recycling solution to…
- 1 Aug 2017
Social Media Abuzz as 'Airtel The Voice Nigeria' Battle Begins
The drama and intrigue that marked the beginning of the ‘Battle Rounds’ on Airtel The Voice Nigeria Season 2 has kept social media users busy last weekend. Many viewers that watched the show on…
- 11 Sept 2018
Naira Threatened by External Factors, Gold Sinks
By Lukman Otunuga, Research Analyst at FXTM, External influences may impact the Nigerian Naira this week, with investors keeping a very close eye on any further -turmoil with emerging market…
- 29 Aug 2019
FG Bows to Pressure, Reduces Visa Fees for US Citizens
Federal government has announced a reduction in the amount payable by citizens of the United States of America seeking Nigerian visas. This comes 24 hours after the US authorities increased…
- 13 Nov 2019
UBA Assures of Innovative Services to Boost Trade, Financial Inclusion in Africa
United Bank for Africa (UBA) Plc, Pan African financial Institution, has assured its customers that it is dedicated to facilitating intra African trade and financial inclusion, by providing premium…
- 8 Sept 2021
MultiChoice: Andersen Faults FIRS’ Basis for N1.18trn Tax Claims
Andersen, leading tax and business advisory firm, has questioned how the Federal Inland Revenue Service (FIRS) arrived at the N1.8 trillion tax bill it slapped on MultiChoice Nigeria, warning that it…
- 10 Oct 2021
Tax Consultant Describes FIRS Allegations against MultiChoice as Full of Lies
Mr. Bonaventure Amuzie, a tax consultant, has described the tax dispute between the Federal Inland Revenue Service (FIRS) and pay television company, MultiChoice Nigeria, as needless and capable of…
- 9 Feb 2024
MultiChoice Agrees to Pay N35.4Bn as Part of FIRS Tax Claim
MultiChoice Group has agreed to pay N35.4 billion as part of its tax obligations to the Federal Inland Revenue Service (FIRS). This is about 10per cent of the initial claim filed by the Nigerian tax…
- 10 Oct 2024
FIRS Launches USSD Code *829# for Taxpayers’ Satisfaction
Federal Inland Revenue Service (FIRS), has launched an Unstructured Supplementary Service Data (USSD) Code *829# specifically targeted at improving taxpayers’ satisfaction. This is in a bid to…
- 4 Jun 2015
BoI Launches SME Mobile App, 4 Other Applications
Bank of Industry Limited (BoI), as part of efforts in repositioning the operational systems, process and services by taking advantages of the digital and mobile era to offer its numerous customers…