Budgeting Latest News Picture Speaks Revenue Taxation

During A Meeting Of FIRS On Deduction Of Withholding Tax On Commission With Stakeholders Within The FMCG, Gaming And Multi-Level Marketing Sector Held At Protea Hotel, Alausa, Ikeja On May 12, 2022

L-R: Director, New Growth Areas, Mr. Olujimi Aina, Executive Chairman, LIRS, Mr. Ayodele Subair, Managing Director, O. M Associates, Mr. Olufemi Oguntade; During A Meeting Of FIRS On Deduction Of Withholding Tax On Commission With Stakeholders Within The FMCG, Gaming And Multi-Level Marketing Sector Held At Protea Hotel, Alausa, Ikeja On May 12, 2022

Accounting & Financial Reports Budgeting Latest News Oil & Gas Revenue Taxation

FIRS Lauds Nigeria’s 2021 Top-Performing Taxpayers On Compliance, Support

The Federal Inland Revenue Service (FIRS) has commended Nigeria’s top-performing taxpayers in the year 2021 them for fulfilling their fiscal obligations and thereby assisted government to meet its social contract with the Nigerian citizens, despite the harsh economic conditions imposed by the COVID-19 pandemic. The revenue agency, in a statement signed by its Executive Chairman, […]

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DMO Offers Three FGN Bonds For Subscription By Auction

The Debt Management Office (DMO) yesterday announced the offer of three Federal Government of Nigeria (FGN) bonds valued at N225 billion, for subscription through auction. The Office  listed the three offers as N75 billion, March 2025 FGN bond, at 13.53 per cent interest rate per annum (10 year re-opening); N75 billion, April 2032 FGN bond […]

Agriculture & Agribusiness Banking Budgeting Latest News Planning & Economic Development Political Economy

Current Crises Will Re-define Developing Economies’ Commodity Markets – W/Bank

The World Bank Group has projected that COVID-19 pandemic, the Russia-Ukraine conflict and the impacts of climate change would have intense implications for developing economies over the coming years. The Breton Woods institution, in statement hoisted on its website on Friday reflecting the findings of its new report titled ‘Commodity Markets: Evolution, Challenges, and Policies’ […]

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NCC, FIRS Inaugurate Committee to Boost Telecoms Sector’s Revenue

The Nigerian Communications Commission (NCC) and the Federal Inland Revenue Service (FIRS) have strengthened their collaboration by setting up a joint committee of senior and management staff of the two agencies towards the implementation of inter-agency strategies for enhancing national revenues in the telecommunications sector. The NCC’s Executive Commissioner, Stakeholder Management, Adeleke Adewolu, inaugurated the […]

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10 Ships Laden With Petrol, Other Items Berth At Lagos Ports

The Nigerian Ports Authority (NPA) on Wednesday disclosed that 10 ships loaded with Premium Motor Spirit (PMS), also known as petrol, bulk wheat, base oil, general cargo, bulk fertilizer and bulk sugar had arrived Lagos ports to finally berth. The port regulator also hinted that another 20 ships at the ports were discharging fuel, bulk […]

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Nigeria Records 3.98% GDP Growth In Q4, 2021

The National Bureau of Statistics (NBS), on Wednesday reported that Nigeria’s Gross Domestic Product (GDP) grew by 3.98 percent in the fourth quarter of 2021 compared to the 4.03% recorded in the preceding quarter The national statistical system coordinating agency gave these figures in its ‘Nigerian Gross Domestic Product Report (Expenditure and Income Approach) for […]

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Global Inflation Rate Hits 9.2% In March, Highest Since 2019

The International Labour Organization (ILO) has reported that annual rate of inflation worldwide, as measured by the consumer price index (CPI), rose to 9.2 percent in March 2022, up from 7.5 percent in the preceding month. The rates were 6.8 percent in January 2022 and 6.4 percent in December 2021. The global labour organization noted […]

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Fuel Scarcity: IPMAN Seeks N500Bn Bridging Claims’ Payment To Marketers

The Independent Petroleum Marketers Association of Nigeria (IPMAN), has called on the Federal Government to immediately pay marketers their bridging claims estimated at about N500 billion to enable them commence the lifting of petroleum products from the nation’s depots in order to end fuel scarcity. The IPMAN Public Relations Officer, Mallam Yakubu Suleiman, was quoted […]

Budgeting Latest News Planning & Economic Development Revenue Revenue Agencies Taxation Technology Telecomms

FIRS Tasks African Govts On Taxation Of Digital Businesses

The Federal Inland Revenue Service (FIRS) has reiterated the need for improved collaboration among countries and international stakeholders for the purposes of exploring alternative rules that will enable market jurisdictions, particularly African countries, to effectively subject digital businesses to tax. The Executive Chairman of the FIRS, Mr. Muhammad Nami, made this remark last weekend at […]