The Abuja Chamber of Commerce and Industry says it is partnering with investors from Turkey, under the aegis of Turquaz Health Tourism, with a target of creating one million jobs in Nigeria. Under the partnership, the Turkish investors would collaborate with Nigerian businesses in the health, energy, infrastructure, education sectors, among others. Signing the memoranda…
The National Working Committee (NWC) of the Peoples Democratic Party (PDP) has, on behalf of the National Executive Committee (NEC), pursuant to Sections 29(2)(b) and 31(2)(e) of the Constitution of the PDP (as amended in 2017), approved the composition of the Ebonyi State Caretaker Committee to run the affairs of the Ebonyi State Chapter of…
The Governor of Osun State, Ademola Adeleke, has called for a harmonious working relationship with the legislative arm of government in the state’s interest. Adeleke spoke in Osogbo, the state capital, on Tuesday, at the proclamation of the 8th Assembly, where 38-year-old Adewale Egbedun representing Odo-Otin State Constituency emerged as the Speaker of the Parliament….
Security agencies in the country including all the Anti-graft agencies have been advised to work in synergy and ensure that the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele did not sneak out of the country before May 29th when the present administration of President Muhammadu Buhari will bow out of office until…
President Muhammadu Buhari, Wednesday, expressed condolences over the loss of lives of two United States embassy officials and two Nigerian police officers accompanying them in an attack by gunmen in Ogbaru Local Government Area of Anambra State. Buhari, in a statement by his Spokesperson, Garba Shehu, described the incident as unfortunate. Buhari said, “I was…
Also named winner BusinessDay Newspaper Excellence in Public Service Award 2022 … The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami has been named winner of the Institute of Chartered Accountants of Nigeria (ICAN) Merit Award 2023 in its Non-Members Category at the Institute’s 2023 Annual Dinner Awards. In a press release obtained…
President-elect Bola Tinubu has congratulated King Charles III on his coronation as the King of England, saying he looks forward to working with the monarch. Tinubu expressed confidence that King Charles would follow in the footsteps of his late mother, Queen Elizabeth II, who died in September 2022, noting that the newly crowned monarch would…
By Edim Effiong Edim DISPUTE RESOLUTION CHANNELS The Federal Inland Revenue Service (FIRS) and Internal ADR Companies Income Tax Act (CITA)[1] empowers the taxpayer to explore an administrative option in resolving a potential conflict where he disputes an assessment raised on his taxes through an objection raised against such an assessment. Similarly, the Personal Income…
When governments deploy tax revenues for the common good of the citizens, there is a concomitant increase in tax compliance by citizens who see the direct benefit of the taxes they pay. This was the position held by the Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami during his opening remarks at…
The Federal Inland Revenue Service (FIRS) has cautioned Ministries, Departments and Agencies of Government (MDAs) against the appointment of consultants and concessionaires to collect taxes due to the Federal Government or any of its agencies, as the FIRS is the sole agency of government saddled with the responsibility of tax collection. In a Public Notice…
