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On-going EFCC Fraud Case Predates Nami’s Appointment, Says FIRS

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Release By Dr Abdullahi Ismaila Ahmad, Director, Communications and Liaison Department, Federal Inland Revenue Service The Federal High Court sitting in Abuja has commenced the hearing...
Business

CAC staff union drag head before code of conduct bureau, petitions presidency; commission explains position

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Staff of the Corporate Affairs Commission (CAC) have petitioned the National Assembly, the Code of Coduct Bureau (CCB) and the Presidency over allegations of...
Business

Cement price war: BUA says it will not increase like Dangote did; insists timing not right for hike

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The BUA Group says it has not increased the price of cement as done by its competitors.Following requests from its distributors and customers whether...
Business

President Buhari breaks ground for Nigeria LNG Train 7, wants quick completion

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PRESIDENT BUHARI BREAKS GROUND FOR NIGERIA LNG TRAIN 7, CHARGES ON TIMELY COMPLETION OF PROJECTReleaseBy Femi Adesina, Special Adviser to the President (Media &...
Business

PDP governors raise alarm over ‘frivolous borrowings’

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▪︎ Govt source: opposition governors that got from $2.1b budget support are insincerePeoples Democratic Party (PDP) governors on Monday hinged the country’s worsening debt...
Business

Mr. President, sir, your stats on taking 10.5 million out of poverty are…not true, says BusinessDay report

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Nigeria’s President Muhammadu Buhari, during his Democracy Day speech on Saturday, claimed that his administration has successfully lifted 10.5 million Nigerians out of poverty...
Business

Tax defaulters to pay 50% of disputed amount into court account before hearing

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Tax defaulters who plan to institute legal cases against the Federal Inland Revenue Service (FIRS) now have to pay 50% of the assessed amount...
Business

FIRS deploys online portal to check fake tax certificates

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ReleaseBy Dr Abdullahi Ismaila Ahmad, Director, Communications and Liaison, Federal Inland Revenue ServiceAs part of measures to check the activities of fraudsters who specialise...
Business

Standard Chartered to arrange $14.4b loans for Nigeria rail projects

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Nigeria’s government is in talks with Standard Chartered Plc about arranging funding for two rail projects expected to cost as much as $14.4 billion,...
Business

We do not grant tax waivers to local, foreign investors, says FIRS boss

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The Executive Chairman, Federal Inland Revenue Service (FIRS), Muhammad Nami, has told the House of Representatives that the Service did not grant any tax...
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