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

 March 15th, 2019  | 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, recordingRead More


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

 March 15th, 2019  | 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 letterRead More


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

 March 15th, 2019  | 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 letterRead More


CAC Registers 73,00 Companies In 3 Months

 March 15th, 2019  | 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 theRead More


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

 March 14th, 2019  | 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 aRead More




Nigeria: FIRS Issues Guidelines On Mutual Agreement Procedure

 March 13th, 2019  | 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)Read More



Seplat Petroleum‘s Profit After Tax Falls to N45 Billion

 March 13th, 2019  | Tax

The shares of Seplat Petroleum Development Company Plc fell 3.5 per cent yesterday as investors reacted negatively to the audited results of the company for the year ended December 31, 2018. The shares fell from N619.00 to N596.90 per share. The firm, which is listed on the Nigerian Stock Exchange (NSE) and London Stock ExchangeRead More


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