By Omolola Dede Adeyanju The absence of stable, effective and fairly priced electricity supply in Nigeria has been a long-standing challenge for manufacturers. The worrisome development has compelled many manufacturing industries to supplement the unreliable electricity supply with alternative energy…
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has claimed that the current tax regime in Nigeria is stifling investment. Director of the CPPE,Dr. Muda Yusuf stated this while presenting the organisation’s economic and business environment…
A Development Training Institute, Coinmac International, on Monday advised the Nigerian Government to adopt Geographic Information System (GIS) to improve tax collection in the country. Coinmac Managing Director, Mr Ayo Salam spoke at the opening of a training workshop on…
You have an obligation to register and obtain a Tax Identification Number (TIN). The process involve obtaining application form from nearest FIRS Tax Office close to the registered business address or from the Taxpromax solution on the FIRS website. Both…
The Federal Government has revealed that it has started the implementation of a N10 per litre sugar tax on carbonated sugar drinks and beverages which they say will help combat Non-communicable Diseases. The policy was introduced in the Finance Act…
An economist, Mr Kennedy Eze, has urged the Federal Government to provide tax incentives so as to attract more investments into Nigeria. In an interview on Sunday, in Abuja, Eze said that a lot of global players could not play…
By Olaleye Aanuoluwapo Rachael, Abuja The Federal Government through the Nigerian Investment Promotion Commission (NIPC) granted six companies tax holiday in first quarter of 2021. The six companies that were granted a tax holiday within the period are Pan African…
Cadbury Nigeria Plc has reported 62 per cent drop in profit before tax in its unaudited first quarter results for period ended March 31, 2021 to N345.1million as against N912.77million reported in first quarter for period ended March 31, 2020.…
The 2020 financial year was a tough period for Nigerian companies, no thanks to the COVID-19 pandemic and an unfriendly operating environment. The operating environment before the advent of the coronavirus was challenging with companies battling to live up to…
The Federal Government has been advised to explore data and intelligence in order to ease tax collection and improve its revenue base. Tax experts, speakers, panelists and government functionaries gave the advice at the recently held First Annual National Tax…
