Sterling Bank Records 65% Growth Profit After Tax To N8.521bn     Sterling Bank Plc on Monday reported a growth of 65 per cent in profit after tax (PAT) for the year ended December 31, 2018. The audited results of the bank showed PAT of N8.521 billion,...

Tax: Global Body Tightens Noose Against Evaders   The multilateral convention to implement tax treaty related measures and Prevent Base Erosion and Profit Shifting (BEPS) will enter into force on July 1, 2018, marking a significant step in international efforts to update the existing network of...

Recovering From Loss,Ecobank Posts N70 Billion Profit After Tax   Ecobank Transnational Incorporated (ETI), the parent company of Ecobank Group, has recorded a profit after tax (PAT) of N69.992 billion for the year ended December 31, 2017, which is a recovery from a loss of N52.6...

Tax Revenue Has Beeen Increased By Over N700bn Says Fowler   Through the deployment of Information and Communications Technology, the Federal Inland Revenue Service has been able to raise tax revenue by over N700bn in the last two years. The Executive Chairman, FIRS, Mr. Babatunde Fowler, said...

VAIDS: We Have Data On Nigerians With Hidden Assets Says Adeosun   The Minister of Finance, Mrs. Kemi Adeosun, yesterday, declared that the Voluntary Assets and Income Declaration Scheme (VAIDS) has given the Federal Government access to data of Nigerians with hidden assets both at home...

Tax Underpayment: FG Reviews Data of 130,000 High Net-worth Persons, Firms – Adeosun The data mining efforts of the Federal Government through the Federal Ministry of Finance has identified a new batch of over 130,000 high net worth individuals and firms that have potential tax...