Tag Archives: Tax
Wale Edun: No Plan to Increase Tax Rate — We’re Improving Collection
Wale Edun, minister of finance and coordinating minister of economy, says the federal government has no plan to increase tax rate. Edun spoke on Monday at an interactive session with the house of representatives committee on appropriation. The minister said the government’s
Tax: Dangote Cement Remits N412.9bn To Government In 3 Years
Dangote Cement Plc, a subsidiary of Dangote Industries Limited, (DIL), paid a total of N412.9 billion into the coffers of the Federal Government as tax for 3 consecutive years. A total of N97.24 billion was paid by Dangote Cement in
BREAKING: Tinubu Inaugurates Committee on Tax Reforms
President Bola Tinubu has inaugurated the presidential committee on fiscal policy and tax reforms. The inauguration ceremony was held at the State House in Abuja on Tuesday. The Special Adviser to the President on Special Duties, Communications and Strategy, Dele
Dangote Cement to Pay N40.39 Bn In Corporate Tax
***Ramps up production capacity to meet local demand Nigeria’s Dangote Cement Plc is expected to pay a total of N40.39 billion in taxation to the nation’s treasury from its operational result in the first quarter of 2021. According to
GTBank Releases 2020 Half Year Audited Results, Reports Profit before Tax of ₦109.7Billion
Guaranty Trust Bank plc has released its audited financial results for the half-year ended June 30, 2020, to the Nigerian and London Stock Exchanges. The half-year result reflects GTBank’s leading position as one of the best managed financial institutions in
Zenith Bank’s Profit Before Tax Rises By 3% to N58.7 Billion In Q1 2020
Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2020, with profit before tax rising by 3% to N58.7 billion. According to the unaudited account which was presented to the Nigerian Stock Exchange (NSE)
Court Orders Arrest of Monalisa Chinda Over Tax Evasion
Justice Adedayo Akintoye renewed the order following her failure to appear in court for her trial since 2017. She adjourned till June 5. When the case was called yesterday, neither Coker nor her lawyer was present. Prosecuting counsel Babatunde Sumonu
FIRS Seals Ex-Minister, Kenneth Gbagi’s Hotel Over N15m Tax Debt
The Federal Inland Revenue Service, FIRS, has sealed the premises of the Golden Tulip hotel, owned by Kenneth Gbagi, a former Minister of State for Education. The hotel, located at Effurun, in Uvwie Local Government Area of Delta state, owes
Court Orders Seal Of Union Bank In Kaduna Over Unpaid N19.3 Million Tax
The Kaduna State Internal Revenue Service on Friday obtained a court warrant to seal the premises of Union Bank Plc in Kaduna over non remittance of N19.3 million. The money is outstanding Pay As You Earn (PAYE) tax liability for
