The Federal Government and some civil society organisations (CSOs) in the country have continued to differ on the benefits of the proposed 50 per cent rise in the Value Added Tax (VAT) regime in Nigeria. While some CSOs have backed the government’s plan, others are against it. The current rate of VAT, which is a…
The Ogun Internal Revenue Service (OGIRS) on Thursday said that it generated over N15 billion as revenue to the coffers of the state government between January and June. Mr Adekunle Adeosun, the Chairman of the service, stated this while playing host to members of the Ogun Assembly Committee on Finance and Appropriation, who were on…
With the resumption of Value Added Tax (VAT) collection from stock market transactions, investors will return at least N60.11 billion into government coffers in one year. The move, however, has drawn criticism from some stakeholders who said it would amount to double taxation.
Mr. Adedotun Adegbola, is the Chairman, Lagos State Branch of the Nigerian Institution of Estate Surveyors and Valuers (NIESV). In this interview with BERTRAM NWANNEKANMA, the fellow of the Royal Institution of Chartered Surveyors spoke on the contentious Lagos land use charge, his agenda for the institution, as well as other burning issues in the real estate sector.
The under-performance of the country’s Small and Medium Enterprises (SMEs) has been identified as a limiting factor to economic growth and development. To reverse the trend, experts tasked the government across all levels to assist Nigerians in unlocking the sector’s full potential to create jobs and grow the economy.
C&I Leasing Plc has announced that the huge investments across its three business segments; fleet management, marine logistics support, Outsourcing are currently reflecting on its bottom-line as the firm posted a Profit After Tax (PAT) of N866.9 million in its half-year operations, representing a growth of 27 per cent.
The Federal Ministry of Finance and the Nigeria Commodity Exchange (NCX) have announced plans to incentivise agro-processing companies and exporters with excise tax and export duty rebates for operators that buy their raw materials and export commodities on the NCX platform.
Chairman of the Joint Tax Board (JTB), Babatunde Fowler, has stated that the Tax Identification Number (TIN) Registration System and Consolidated National Taxpayers Database introduced by the JTB will ensure efficiency and output of the entire tax administration process and provide convenience to taxpayers and tax authorities.
New President and Chairman, Governing Council of the Chartered Institute of Personnel Management of Nigeria (CIPM), Wale Adediran, in this interview with GLORIA EHIAGHE, spoke about the positive growth of the Human Resources (HR) profession in Nigeria. He explained how passionate the institute is in changing the unemployment narrative and his plans for the institute during his two-year tenure, among other national issues.