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Coronation Merchant Bank posts N5.3 billion profit before tax in FY 2018

Leave a Comment / Accounting, Tax /

Coronation Merchant Bank Limited (‘CORONATION MB);Africa’s leading financial institution, has released its 2018 Full Year Results to stakeholders in which the Bank posted a Profit Before Tax of N5.3billion.  Commenting on the results,  Abu Jimoh, Group Managing Director/CEO of Coronation Merchant Bank Limited said, despite a difficult operating environment, our company stayed the course, recording […]

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Dr. Fasua is new DG, Nigerian College of Accountancy Nigeria

Leave a Comment / Accounting /

The Association of National Accountants of Nigeria (ANAN) have appointed Dr Kayode Olushola Fasua  as the new Director General of the Nigerian College of Accountancy, (N.C.A.). A statement issued by the College Public Relations  Officer, Cyril Umoh in Jos stated that Dr. Fasua’s appointment took effect from March 1, 2019 as contained in a letter

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Dr. Fasua is new DG, Nigerian College of Accountancy Nigeria

Leave a Comment / Accounting /

The Association of National Accountants of Nigeria (ANAN) have appointed Dr Kayode Olushola Fasua  as the new Director General of the Nigerian College of Accountancy, (N.C.A.). A statement issued by the College Public Relations  Officer, Cyril Umoh in Jos stated that Dr. Fasua’s appointment took effect from March 1, 2019 as contained in a letter

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CAC Registers 73,00 Companies In 3 Months

Leave a Comment / CAC- Corporate Affairs /

The Corporate Affairs Commission (CAC) has registered not less than 73,000 companies within three months under its cost-friendly Business Incentive Strategy (BIS) rolled out in October last year. Acting registrar-general of the Commission, Lady Azuka Azinge, who made this known in Abuja, yesterday, said the Commission would record a higher number of registration in the

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VAT: Lagos, Abuja generate N69.4bn of N83.2bn January revenue

1 Comment / Nigerian Tax /

Lagos State generated N50.4 billion or 60.8 per cent of total N83.2 billion generated from Value-Added tax (VAT) into Federation Account in January 2019. According to documents related to the Federation Account Allocation Committee (FAAC), Federal Capital Territory (FCT) came a distant second with N18.9 billion. Oyo State was third on the list with a

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Vital FIRS Information for All Registered Limited Liability Businesses With Bank Accounts in Nigeria

1 Comment / Nigerian Tax /

As FIRS law demands, all limited liability businesses in Nigeria are to register for company tax TIN (Tax identification number) and VAT (Value Added Tax). To enforce taxation by FIRS, all limited liability businesses bank accounts and money therein, will not be allowed access by their owners after 15th March, 2019 until they register and

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Mtn vs Agf firs has no quarrel with our assessments over 2bn tax arrears Mtn ceo

1 Comment / Nigerian Tax /

As the battle over unpaid $2billion tax arrears between MTN Nigeria and Attorney-General of the Federation (AGF), Abubakar Malami persist, the Chief Executive Officer of MTN Group, Rob Shuter, has said that the nation’s tax authorities have no particular quarrel with the firm various tax assessments. The telecommunication company boss also, said that the AGF

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Nigeria: FIRS Issues Guidelines On Mutual Agreement Procedure

1 Comment / Tax /

Introduction  The Federal Inland Revenue Service (FIRS) has issued Guidelines on Mutual Agreement Procedure (MAP) in Nigeria and Certificate of Residency Forms for taxpayers seeking to take advantage of the MAP. Mutual Agreement Procedure: MAP is a dispute resolution mechanism designed to resolve international tax disputes arising from inconsistent interpretations of double tax agreement (DTA)

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Nigerias corporate affairs commission reduces cost business registration.

1 Comment / Accounting, CAC- Corporate Affairs /

The cost for the registration of business names in Nigeria has been reduced from N10,000 to N5,000. This was announced by the Corporate Affairs Commission on Wednesday, March 6 – According to CAC, the reduced cost of business name registration will end on Sunday, March 31. The Corporate Affairs Commission (CAC) has announced a reduction

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