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...
MTN Share Price Increases After Revoked Tax Case
The share price of MTN increased by 5.3 per cent to 83.67 rand on Friday following the announcement of the revocation of its $2bn tax case in Nigeria.
The increase in the share price pushed the company’s market...
NLNG Has Paid $7bn Tax, $15bn Dividend To FG - MD
The Nigeria LNG Limited says it has paid over $7bn as taxes and issued more than $15bn as dividend to the Federal Government since it started operations.
NLNG’s Managing Director, Tony Attah, who disclosed this...
Experts Oppose IMF’s Call For Tax Hike
Finance experts, Lagos Chamber of Commerce and Industry, a university don, among others, have disagreed with the International Monetary Fund on the fund’s latest recommendation to the Federal Government to raise its tax rate in order to meet...
