The Federal Inland Revenue Service (FIRS) has announced its transition from the e-TPPLAT used in filing transfer pricing returns and country-by-country reporting notification to a new platform called TAXPRO-MAX platform. The Executive Chairman of the federal tax agency, Dr. Zacch Adedeji, made this disclosure on Monday in a statement signed by him. The announcement specified […]
Revenue
Nigeria Adopts New Software For Debt Management
Nigeria has adopted new software developed by the Commonwealth Secretariat aimed at transforming the nation’s handling of its substantial $114.35 billion debt portfolio. The Senior Communications Officer at the Communications Division of the Commonwealth Secretariat, Snober Abbasi, disclosed the nation’s adoption of a more robust technological solution, Meridian software, for debt management in a statement […]
NITDA Advocates AI Integration Into Nigeria’s Security Framework
The National Information Technology Development Agency (NITDA) has advocated the incorporation of Artificial Intelligence (AI) into Nigeria’s security framework in order to make the nation’s environment more conducive for socioeconomic activities. The Director-General of the agency, Dr.Kashifu Inuwa, made this call during a meeting he had with the Commandant of the National Institute for Security […]
Senate Approves Customs’ N5.09Trn Revenue Target For Fiscal 2024
Nigeria’s Senate has approved the sum of N5.079 trillion as a revenue target and N706.4 billion as budget for the Nigeria Customs Service (NCS) in the 2024 fiscal year. The Red Chambers’ approval of the proposals followed the consideration of a report presentation by the Chairman of the Committee on Customs, Excise, and Tariff, Senator […]
Ogun To Partner W/Bank, Others For Enhanced Transportation System
Ogun State Government has expressed its desire to collaborate with the National Council on Transportation, neighbouring states, development partners like the UK-Nigeria Infrastructure Advisory Facility and multilateral institutions like the World Bank, to actualise the vision for seamless multimodal transportation in the state. The State Governor, Prince Dapo Abiodun, disclosed this during the opening ceremony […]
Nigeria’s Capital Importation Up 66.27% In Q4 2023
….Lagos Attracts 65.35% Of Capital Inflows The National Bureau of Statistics (NBS) at the weekend reported that Nigeria’s total capital importation value in the fourth quarter of last year marginally increased to $1.088 billion, slightly higher than the $1.060 billion recorded in Q4 2022 and represented a 2.62% year-on-year increase. But then, the statistics agency […]
CPS Assets Grow To N18.1Trn, As Contributors Hit 10.1Mn
The National Pension Commission (PenCom) at the weekend disclosed that the total pension assets under the Contributory Pension Scheme (CPS) had grown to about N18 trillion as of December 2023 even as registered contributors also increased to about 10.I million. The commission’s Head, Corporate Communications Department, Ibrahim Garba Buwai, who gave these hints at the […]
Analysts Forecast Bullish Momentum In Nigerian Exchange
Investment researchers at Bancorp Securities Limited, a leading investment research and consulting firm, have projected that trading on the Nigerian Exchange (NGX) this week would be bullish as Banking and Service sectors stocks attract investors’ interest. However, the experts in the firm’s ‘Weekly Stock Recommendation: Feb 19- Feb 23’ circulated to our correspondent noted that […]
AGF, FSD Africa Seal Pact To Boost Green SME Financing
The African Guarantee Fund (AGF), a leader in promoting financing of Small and Medium-sized Enterprises (SMEs) across Africa and FSD Africa, a pioneering development agency committed to reshaping Africa’s long-term financial landscape, have signed a strategic collaborative pact aimed at propelling the growth of Green SMEs by providing critical financial support, technical assistance, and capacity […]
Nigeria’s Unemployment Rate Rises To 5.0% In Q3 2023
Nigeria’s unemployment rate significantly surged to 5.0% in the third quarter of 2023, representing an increase of 0.8% points increase over the unemployment rate of the preceding quarter. The figures were given by the National Bureau of Statistics (NBS) in its ‘Labour Force Survey Q3 2023’ report published on Monday on its website. An analysis […]