The Federal Inland Revenue Service (FIRS) has listed Nigeria’s top-performing taxpayers in the year 2021, and commended them for their exceptional efforts in contributing towards providing the necessary funds for the government to meet its social contract with the Nigerian citizens, despite the harsh economic conditions imposed by the COVID-19 pandemic. The FIRS, in a…
Dangote Sugar, BUA, Golden Sugar Company and KIA Group refine 3.5 million metric tons of sugar in Nigeria annually, which is two times Nigeria’s consumption capacity of 1.7 million metric tons. They have also acquired roughly 150,000 hectares of land out of the required 250,000 hectares to grow cane and produce raw sugar locally. These…
Nigeria – 11 May, 2022 – First City Monument Bank (FCMB), a member of FCMB Group Plc, has partnered with the Mastercard Foundation to provide subsidized loans to 100,000 Micro, Small, and Medium Enterprises (MSMEs), to scale their operations to create work opportunities for young Nigerian women and men. The program, which is part of…
Access Holdings Plc; trading as Access Corporation (“the Corporation”) announced today its start of operations, with initial portfolio companies and its future strategy. The Corporation, which builds on Access Bank’s scale and ethical standards, will have portfolio companies with significant complementarities, allowing the ecosystem to walk with customers across their life cycle while delivering value…
MTN Nigeria Communications Plc’s claim that it paid the sum of N618.7 billion in both direct and indirect taxes to the Federal Inland Revenue Service (FIRS) in 2021 has continued to raise dusts in public quarters, THISDAY can report. On April 2, 2022, MTN Nigeria, in a statement issued by the company’s secretary, Uto Ukpanah,…
…to consolidate strategies for development of artisanal and small scale mining programmes in West Africa Dukia Gold & Precious Metals Refining Co. Ltd Nigeria and Philoro Global Trading AG Switzerland, have signed a Working Together Agreement on the sidelines of the Investing in African Mining Indaba taking place in Capetown, to collaborate in the development…
The statement said, “The platform democratises access to opportunities to win and enhances the transparency of the promo process. “Customers can visit WinCity as many times as they meet the required conditions of the promo.Speaking on the promo, the Divisional Head, Personal Banking, FCMB, Mr Shamsideen Fashola, said, “We are excited to kick off the…
Tesla is recalling about 130,000 vehicles across its United States model lineup because their touch screens can overheat and go blank. The recalls covers certain Model S sedan and Model X SUVs from 2021 and 2022, as well as Model 3 cars and Model Y SUVs from 2022.Documents posted Tuesday by the National Highway Traffic…
By Johannes Oluwatobi The Federal Inland Revenue Service (FIRS) has stated that there is need for improved collaboration among countries and international stakeholders with the aim of exploring alternative rules that will enable market jurisdictions, particularly African countries, to effectively subject digital businesses to tax. This was stated during a presentation by the Executive Chairman…
