State tax authorities have added 3, 414, 496 million new taxpayers to the national tax register under six months, bringing the total number of individual taxpayers in the country to 13.4 million, the Federal Inland Revenue Service (FIRS) said yesterday. Kano State led the new taxpayer roll with about one million taxpayers (944, 376). Lagos
The Nigerian Communications Commission (NCC) has directed mobile telephone operators in the country to jerk up data tariffs with effect from December 1. Yesterday, MTN sent messages to its customers announcing that there would be an increase in its data tariffs on December 1. “Dear customer, please be informed that from December 1, some
The Federal Government and its agencies have continued to defy the ruling of the Court of Appeal that the deduction of stamp duty on bank deposits is illegal. Investigation by our correspondent showed that the Technical Committee on Stamp Duty had advised the Central Bank of Nigeria to issue a circular to the banks to stop collecting stamp duty of
A total of 224 companies yesterday bided to buy Nigerian crude through the 2016/2017 Nigerian National Petroleum Corporation (NNPC) Crude Term Contract. Speaking with reporters at the bid opening in Abuja, the Group Managing Director, Dr. Maikanti Baru, said the number of companies that will emerge from the bidding will be a factor of actual
The Nigeria Deposit Insurance Corporation (NDIC) has said that 15 Primary Mortgage Banks (PMBs) have defaulted in paying their deposit insurance premium to the corporation. The NDIC Managing Director/CEO, Umaru Ibrahim, who disclosed this at the 2016 sensitisation workshop for PMBs’ operators held in Lagos, at the weekend, said
The Nigerian Shippers Council said the World Bank has indicated its willingness to support Nigeria’s maritime sector with $40million. The fund is expected to be used to clear the traffic gridlock along ports access roads in Apapa, Lagos. The Executive Secretary of the Council, Mr. Hassan Bello, who spoke in Abuja yesterday at a press briefing, said the
Nigeria risks losing its fuel market in West Africa to Ghana, if it does not revive its four refineries and build new ones, Department of Petroleum Resources (DPR) Director Mordecai Danteni Ladan has said. At the Worldstage Economic Summit in Lagos, he said it was high time Nigeria refurbished its refineries and built more to reduce imports.