LCCI Demands One-year Tax Holiday For Healthcare Firms, Manufacturers   Given the devastating blow coronavirus has dealt businesses in the past five weeks, business owners in the country have demanded one-year tax break among others from the government to enable them to recover. This was contained in...

Sokoto Abolishes Cash Payment Of Revenue, Tax   The Sokoto State Government has said the payment of tax or any form of state revenue by cash will no longer be tolerated. Governor Aminu Tambuwal stated this at the stakeholders’ sensitisation on Sokoto State Revenue Integration and Consolidation...

FIRS Targets N4trn Tax From Oil, Gas Companies   The Federal Inland Revenue Service (FIRS) expects to rake in N4 trillion as tax revenue from the extractive sector of the Nigerian economy in the 2020 fiscal year. A statement from the agency said the Executive Chairman of...

Dangote Cement Posts N201bn Profit After Tax   Dangote Cement Plc has posted a profit after tax of N200.521bn for the financial year ended December 31, 2019 as against a profit of N390.325bn posted in 2018, representing a drop of 48.63 per cent. Profit before tax stood...

TAX: Chinese Firm, WEMPCO, Grounded Over N200m Debt   The placement of a lien on the accounts of a Chinese firm, Western Metal Products Company, popularly known as WEMPCO Steel Mill Limited, for non-payment of a N200m tax may have forced the firm into temporary closure. Investigation...

In Nine Months, 13 Banks Pay N136.84bn Tax   Thirteen commercial banks listed on the Nigerian Stock Exchange paid N136.84bn in taxes to the Federal Inland Revenue Service in the nine-month period ended September 30, 2019. Data obtained from the financial statements of banks for the period...