BUSINESS

External Reserves fall by $1.46bn in two months- CBN

Daily Dispatch April 3, 2023

The country’s external reserves fell by $1.46bn between January and March, figures obtained from the Central Bank of Nigeria have revealed. The reserves ended February 27, 2023 at $36.67bn. Figures obtained from the CBN’s data on movement of external reserves on Sunday showed that the reserves,

BUSINESS

Shell: We Paid $4.5bn Royalty, Taxes To Nigerian Govt In 2022

Daily Dispatch April 2, 2023

Shell’s Report on Payments to governments has indicated that the Federal Government of Nigeria was paid a total sum of  $4,521,134,915 for the fiscal year ended, 2022. This amount is made up of the money paid as production entitlement, taxes, royalties,and fees in  2022. The disclosure was part of Shell’s reports on Sustainability, Climate & Energy Transition,

BUSINESS

Dangote demonstrates use of cement variants at Enugu Fair

Daily Dispatch April 2, 2023

As part of its public enlightenment programme, Dangote Cement has demonstrated how to put into appropriate use, its variants of cement to achieve the best results. At the on-going Trade Fair at Enugu, the company gathered together stakeholders in the industry and demonstrated the use of its Falcon cement brand, saying when used appropriately, the […]

BUSINESS

NEPZA, FIRS collaboration promoting smooth tax operations in free trade zones—Adesugba

Daily Dispatch April 2, 2023

The Nigeria Export Processing Zones Authority (NEPZA) says the Authority’s collaboration with Federal Inland Revenue Service (FIRS) on tax administration is promoting smooth tax operations in free trade zones in the country. The Managing Director/Chief Executive of NEPZA, Prof. Adesoji Adesugba said this in an interview with the News Agency of Nigeria (NAN) on Sunday […]

BUSINESS

At United Nations ECOSOC, Nigeria renews call for fair International Tax Practices

Daily Dispatch April 2, 2023

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 towards 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 […]

BUSINESS

FIRS generates N10.04 trillion in 2022

Daily Dispatch April 1, 2023

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