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E-government: Buhari inaugurates presidential council, tasks members

Daily Dispatch June 10, 2022

President Muhammadu Buhari Friday in Abuja inaugurated the Presidential Council on Digital Economy and E-government, promising that his administration will continue to take advantage of digital technologies to transform every sector of the economy. The president directed the Minister of

BUSINESS

Tax compliance: FIRS announces date to begin nationwide monitoring

Daily Dispatch June 10, 2022

The Federal Inland Revenue Service, FIRS, will embark on a nationwide Value Added Tax, VAT, and Withholding Tax, WHT, compliance exercise from July, 2022. The announcement is contained in a public notice on the compliance monitoring exercise, and signed by the FIRS Executive Chairman, Muhammad Nami. According to a statement by the Special Assistant to […]

BUSINESS

Breaking : Oil price skyrockets to $122 per barrel

Daily Dispatch June 6, 2022

The price increase followed a decision last week by the Organization of the Petroleum Exporting Countries and allies, together called OPEC+, to boost output for July and August by 648,000 barrels per day, or 50% more than previously planned. The increased target was spread across all OPEC+ members, however, many of which have little room […]

BUSINESS

Port Harcourt Refinery to be completed by March 2023 – NNPC

Daily Dispatch June 4, 2022

The House of Representatives has queried the sum of $18 million expended Nigerian National Petroleum Corporation (NNPC), as well as additional sum of $50 million above the approval limits, alleging that such development amounted to contract splitting. This was uncovered at the resumed investigative hearing on the state of refineries in the country, held by […]

BUSINESS

N6trn Tax Collection: MPAN lauds FIRS, top 20 tax compliance companies

Daily Dispatch June 3, 2022

Gambo Jagindi, National Chairman of MPAN, gave the commendation in a statement on Friday, in Abuja. Jagindi said the FIRS, under the leadership of Muhammad Nami, the Executive Chaiman, had exceeded expectations by crossing the N6 trillion threshold in 2021 for the first time in Nigeria. MPAN also commended President Muhammadu Buhari, the National Assembly, […]

BUSINESS

FIRS to commence recovery of unremitted tax deductions by States, Local Governments

Daily Dispatch June 1, 2022

The Federal Inland Revenue Service (FIRS) has stated that it will commence the process of enforcement and recovery of unremitted tax deductions owed by some States and Local Governments in Nigeria. This decision is contained in a Public Notice, signed by its Executive Chairman, Muhammad Nami, where the tax authority noted that most States and Local […]