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
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, […]
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 […]
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’ […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]