Category: Business

Nigeria’s Tax-to-GDP ratio which, in the last 12 years, hovered between 5% to 6% rose to 10.86% by the end of 2021. The new ratio was communicated to the Federal Inland Revenue Service (FIRS), via a letter signed by the Statistician-General of the Federation, Prince Adeyemi Adeniran, on the 25th of May 2023, following a joint review by the Nigerian

In furtherance of its commitment to wooing more investment into the state, the Gombe State Government under the leadership of Governor Muhammadu Inuwa Yahaya has sent a special delegation to the ongoing Islamic Development Bank’s Private Sector Forum and Annual Meeting in Jeddah, Saudi Arabia. The Gombe State delegation, led by the Chairman of the State’s Investment and Property Development

….to launch Africa’s biggest digital bank. A new digital bank with the biggest and most effective services is in the offing in Africa. Nigeria-based DANBA Group, which has just acquired 100% of KMC Micro-Finance Bank, hinted that it is only eight weeks away from launching what it called “Africa’s biggest and most effective digital banking operation”. DANBA’s Head of ICT,

Gombe has been crowned the best state in ease of doing business in Nigeria, being the state with the highest score based on empirical data from micro, small and medium-sized enterprises (MSMEs) in the 2021 and 2023 sub-national ease of doing business ranking conducted by the Presidential Enabling Business Environment Council, PEBEC. According to a press release on Wednesday, 26th

The Federal Inland Revenue Service FIRS has announced the extension of the due date for the filing of the Value Added Tax VAT from April 21-30th, 2023. This follows the recent introduction of a new process of claiming INPUT Tax, which took effect April 1, 2023, and consequent concerns raised by taxpayers and other stakeholders. According to a Public Notice

Chairman of Dangote Cement Plc, Aliko Dangote has guaranteed shareholders and other stakeholders of the company’s management’s resolve to keep the company profitable by leveraging on strategic innovations for the continuous growth of their investments. Speaking at the 14th Annual General Meeting (AGM), of the company in Lagos, Dangote said the prospects for the cement company remain bright as the

Nigeria has again called on the United Nations and the International Tax Community to forge an inclusive, equitable, fair, and universally beneficial international tax system toward the attainment of the 2030 Sustainable Development Goals (SDGs). Making the call on behalf of the country, Mr. Muhammad Nami, the Executive Chairman of the Federal Inland Revenue Service (FIRS) stated this while delivering

The Chairnan of the Federal Inland Revenue Services (FIRS), Mr Muhammed Nami, says the organisation generated N10.04 trillion in 2022. Nami, represented by the Tax Controller, Enugu Medium and Small Tax Office of the Federal Inland Revenue Services (FIRS), Mrs Stella Obiora, stated this in Enugu on Friday during their special day at the ongoing 34th Enugu InternatiTrade Fair. She

The survival of the 21st century Micro, Small, and Medium Enterprises, (MSME) has been said to largely depend on the adoption and adaptation of digital technologies, hence, the call on entrepreneurs by the National Information Technology Development Agency (NITDA), to embrace it to increase productivity and profitability of their businesses. The NITDA’s Director General, Kashifu Inuwa, expressed this view as