Home Topics Taxes

Taxes

Aviation workers raise alarm over imminent extinction of sector

Aviation workers have cried to the Federal Government to come to the rescue of the sector to prevent the total extinction of the sector which they described as worst hit by the rampaging coronavirus pandemic.
The United States should work to achieve a single, comprehensive agreement with Kenya that removes barriers to trade and investment, instead of pursuing a phased approach, the U.S. Chamber of Commerce said in a document viewed by Reuters.

Chamber: US should avoid phased approach in trade talks with Kenya

The United States should work to achieve a single, comprehensive agreement with Kenya that removes barriers to trade and investment, instead of pursuing a phased approach, the U.S. Chamber of Commerce said in a document viewed by Reuters.

Dana Air to keep middle seats empty upon resumption of flights

Dana Air says it will keep the middle seats in all its aircraft empty upon resumption of flights, in line with the social distancing guideline on COVID-19.
Ignace Sossou quoted on his Facebook and Twitter pages comments made by Benin’s public prosecutor Mario Metonou at a media event to discuss fake news on December 17.

Facebook sued by US for $9 billion in unpaid taxes

That lawsuit went to trial in a San Francisco court on Tuesday, and the crux of the case is a 2010 deal between Facebook and an Irish subsidiary it uses to shuffle money around internationally. The IRS alleges Facebook undervalued the intellectual property it sold to the subsidiary, thereby dodging billions in taxes.

Truck drivers block highway to protest ‘over taxation’

Hundreds of truck drivers on Tuesday blocked the Onitsha-Enugu expressway to protest alleged imposition of taxes, intimidation and violation of court judgement by the agents of Anambra State government.

Auditor-General: How MDAs spent N26.6 billion without vouchers

The Auditor-General of the Federation, Mr. Anthony Ayine, has reported that some federal government Ministries, Departments and Agencies (MDAs) spent N26.606 billion in 2017 without payment vouchers or requisite approvals for such expenditures.

Arik Air’s fleet receives boost, to enhance customer experience

Arik Air received two aircraft from C-Check over the weekend, thereby boosting the operations of the airline in the coming festive season.
President of the Senate, Ahmad Ibrahim Lawan (left) with the Senate Minority Whip, Senator Philip Tanimu Aduda, during the plenary on Tuesday, November 19, 2019. 5

Labour, OPS slam senate, federal government over finance bill

Nigeria’s Senate decision to approve 56 amendments in Finance Bill, an executive bill submitted by President Muhammadu Buhari, seeking an approval to raise tax rates payable by consumers and business entities to augment Federal Government’s declining cashflow, last week opened another pandora box of debate as to the fate of ordinary citizens when it eventually gets signed into law by the president in the days and weeks ahead.
U.K. Prime Minister Boris Johnson faced political opposition and personal allegations Monday as he tried to fulfill his pledge to lead Britain out of the European Union in just over a month.

Boris Johnson unveils manifesto for Brexit Britain

British Prime Minister Boris Johnson unveils his Conservative Party’s manifesto on Sunday, pledging to move on from Brexit and austerity in a bid to secure a general election majority.
Bill Gates

Bill Gates: I’ve paid over $10 billion in taxes, more than anyone else

Bill Gates, the world’s richest man for nearly two decades, says he has paid over $10 billion in taxes, adding that he is willing to pay as much as $20 billion.

FIRS ‘non-resident taxpayers office’ takes off January 2020

The tax offices established by the Federal Inland Revenue Service (FIRS) for the administration of taxes for non-resident taxpayers will become operational by January 2020.
United Nation’s Children Fund (UNICEF)

UNICEF: 1-in-3 young children undernourished or overweight

A third of the world’s nearly 700 million children under five years old are undernourished or overweight and face lifelong health problems as a consequence, according to a grim UN assessment of childhood nutrition released Tuesday.
National Bureau of Statistics NBS

NBS: 36 states, FCT generate N691.11 billion in first half 2019

The National Bureau of Statistics (NBS), says in the first half of 2019, the 36 states and the Federal Capital Territory (FCT) generated N691.11 billion as Internally Generated Revenue (IGR).
National Bureau of Statistics NBS

NBS: 36 States, FCT generated N691.11 billion as revenue in first half 2019

The National Bureau of Statistics says in the first half of 2019, the 36 states and the Federal Capital Territory generated N691.11 billion as Internally Generated Revenue.

Report: Why Nigeria’s economic growth is slow

The decline in government revenues and the slow and uneven growth in key sectors of the economy are key factors in the stagnation of the nation’s economic development, an economic analysis conducted by the Centre for Democracy and Development (CDD) shows.

CSOs caution government against increase of VAT to 7.2 percent

Civil Society Organizations (CSOs), under the auspices of The Tax Justice and Governance Platform, (TJGP) have called on the federal government to concentrate more efforts on ensuring the proper collection of appropriate taxes than increasing the Valued Added Tax.
Central Bank of Nigeria - CBN

Central bank orders private, public firms to pay salaries, taxes, pensions electronically

The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to dishonour instructions on the payment of salaries, pensions, and taxes of public and private companies that are not transmitted on approved electronic payment and collection platforms.

Lagos chamber urges central bank to stop N305 per dollar official exchange rate

The Lagos Chamber of Commerce and Industry has advised the Central Bank of Nigeria to discontinue the official exchange rate of N305 to one United States dollar.

Recent Stories

US President Donald Trump speaks during the daily briefing on the novel coronavirus, which causes COVID-19, in the Brady Briefing Room of the White House on April 17, 2020, in Washington, DC. (AFP-Jim Watson)

Twitter issues fact check of Donald Trump tweets for first time

Twitter issued a fact check of some of Donald Trump’s tweets on Tuesday, marking the first time the U.S. president’s favoured social media platform has pushed back against him spreading falsehoods.

Kogi: We see suspected coronavirus cases, but we cannot test – NMA

Controversy continues over the Covid-19 status of Kogi State. Whereas the State Government affirms it’s position that the State has not recorded any case yet, the Nigeria Centre for Disease Control, NCDC, opines it is probably because enough tests are not being carried out in the State or they are not coming with all the facts.
Governor Seyi Makinde

Oyo confirms six new coronavirus cases, two deaths

Oyo State has recorded six new confirmed cases of COVID-19, the latest figures released by the Nigeria Centre for Disease Control (NCDC) have revealed.

Five passengers die in ghastly accident in Kano

An early Wednesday morning ghastly motor accident has claimed lives of not fewer than five passengers in Rimin Gata in Ungoggo Local Government area of Kano State.
Billboard has announced that YouTube streams will be factored into the Billboard 200 albums chart starting early next year.

YouTube fixes error that deleted comments critical of the Chinese Communist Party

YouTube says it’s begun fixing an error in its moderation system that caused comments containing certain Chinese-language phrases critical of China’s Communist Party (CCP) to be automatically deleted.