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FIRS Allays Fear Over IMF, World Bank Reports

 March 29th, 2018  | Accounting, Nigerian Tax, Tax

Nigeria’s economy will not collapse but continue to experience boom in spite of the International Monetary Fund’s (IMF), says the Federal Inland Revenue Service (FIRS). Chairman of the FIRS Babatunde Fowler stated this on Monday at the opening session of the 140th quarterly meeting of the Joint Tax Board. The IMF and World Bank had reported that anyRead More

CAC To Meet Customers, Other Stakeholders

 March 28th, 2018  | Accounting, CAC- Corporate Affairs

The Corporate Affairs Commission has said customers and other stakeholders will examine issues being encountered in the course of company registration, among others, during its forthcoming forum. The CAC said in a statement that the second Customers’ Forum in the first quarter of the year would take place on Thursday in Ikeja, Lagos. It saidRead More

Capital Reconstruction: NSE Halts Trading in Prestige Assurance Shares

 March 26th, 2018  | Accounting, Nigerian Tax, Tax

The Nigerian Stock Exchange (NSE) last Friday placed the shares of Prestige Assurance Plc on full suspension  to enable the Company’s Registrars update  the register of shareholders for the planned share capital reconstruction of the company. This implies that there will not be trading in the shares of the insurance firm for now. Prestige Assurance had last year made anRead More

Fowler: We’ll soon start selling properties of companies who don’t pay tax

 March 23rd, 2018  | Accounting, Audit, Nigerian Tax, Tax

Babatunde Fowler, executive chairman, Federal Inland Revenue Service (FIRS), says the federal government is processing court documents that will allow it sell properties of companies who have been evading taxes. Speaking on Wednesday on The Core, a Channels Television programme hosted by Kadaria Ahmed, Fowler said the N20 billion realised from the voluntary assets andRead More

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