Author name: InnerKonsult

MTN to Invest $1.6bn in Nigeria’s Network and Systems Weeks After AGF Withdrew $2bn Tax Claim

Telecoms giant, MTN Group has promised to invest $1.6 billion into strengthening networks and telecoms systems across the country. Chairman of MTN Group, Mcebisi Jonas said this during a visit to Nigerian president, Muhammadu Buhari. “We are fully aligned with the strategic agenda of the government, and are committed to strengthening the digital economy of

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A quick guide to property development tax

Feeling clueless about capital gains? Has stamp duty left you stumped? Find out how taxes might affect your property development plans here Whether you’re considering property development as an investment opportunity or have grand plans for a property development empire, you’ll need to factor in the impact tax could have on your profits. In this quick guide,

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Belgian tax authority drops part of Frasers tax probe

Frasers Group said the Belgian tax authority had concluded most of its investigation into a tax dispute and declared itself satisfied with the explanations provided, removing a cloud of uncertainty from the retailer.  The company, until recently called Sports Direct, added that it continues to work with the authority on other matters relating to the

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EFCC investigates Baba Ijebu over tax fraud allegation

The Economic and Financial Crimes Commission (EFCC) is reportedly investigating Adebutu Kessington aka Baba Ijebu Over tax fraud. One of Adebutu’s sons including an official of Premier Lotto have been detained at the Lagos office of the EFCC following a petitioned filed by Western Lotto. The EFCC blamed Premier Lotto for shortchanging Nigerians as they revealed that

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Deloitte 2020 Economic Dialogue: Ahmed, Amaechi, Sanwoolu Discuss Finance Act And Infrastructure

Finance, Budget and National Planning Minister  Mrs.  Zainab Ahmed, the Minister of Transportation Rt. Hon Rotimi Amaechi and Lagos State Governor Mr. Babajide Sanwo-olu discussed Nigeria’s Finance Act 2019, Infrastructural Development through Rail, Sub-National developments and the nation’s quest to achieve inclusive economic growth at the 2020 Deloitte Nigerian Economic Dialogue in Lagos. In his

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How ICPC ‘lied’ – Pinnacle fires back at commission

Pinnacle Communications has described the allegation of task invasion made against it by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) as misleading, untrue and aimed at hurting its impeccable image ICPC had threatened legal action against 44 property owners including two buildings in Abuja belonging to Pinnacle Communications Ltd, citing indebtedness to

How ICPC ‘lied’ – Pinnacle fires back at commission Read More »

British carbon tax leads to 93% drop in coal-fired electricity

A tax on carbon dioxide emissions in Great Britain, introduced in 2013, has led to the proportion of electricity generated from coal falling from 40% to 3% over six years, according to research led by UCL.British electricity generated from coal fell from 13.1 TWh (terawatt hours) in 2013 to 0.97 TWh in September 2019, and was

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Trump Touts Gains In Jobs, Some Democrats Push For Economic Overhaul

Republican Donald Trump is touting tax cuts and economic gains during his presidency as a reason why he should get re-elected in November. Democrats seeking to challenge him to say Trump’s economy has benefited the rich while leaving behind the working class. Their proposals range from a sweeping pledge of universal healthcare to comparatively modest

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