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” The bottlenecks include foreign exchange (FX) constraints, excessive port charges, cumbersome export procedures and regulatory bottlenecks that continue to frustrate businesses engaged in international trade,
A ban, in other words, does not protect Nigerian factories. It protects the smuggler’s margin. It turns ordinary traders into criminals, denies the treasury its revenue, and enriches our neighbours’ ports.
▪︎ From left: Segun Ajayi-Kadir, MAN DG; Taiwo Oyedele, Chairman, Presidential Committee on Fiscal Policy and Tax Reforms.; Otunba Francis Meshioye, MAN President The Manufacturers Association of Nigeria (MAN) has expressed its support for the National Bureau of Statistics (NBS) in its initiative to rebase the Nigerian Gross Domestic Product (GDP). However, the association has…
• President Bola Tinubu shake hands with FIRS Chairman, Zaacheus Adedeji, after he had signed the new tax laws. On Thursday, June 26, 2025, President Bola Ahmed Tinubu officially signed into law four Tax Bills aimed at reforming Nigeria’s tax system. The four bills were the Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue…
The Central Bank of Nigeria (CBN) has elevated Mrs. Hakama Sidi Ali, as its new Acting Director of Corporate Communications. She takes over from Dr. Abdulmumini Isa. Mrs. Ali, a recognised member of the Nigeria Institute of Public Relations (NIPR), served as Deputy Director in the same Department at the Bank before her latest appointment….
This ban could have severe repercussions, including:- Loss of over N1.9 trillion in investments, primarily from indigenous Nigerian companies.
By Lucy Ekpeyoung Zacch Adedeji is the Chairman of the Federal Inland Revenue Service (FIRS). In this interview , he shares insights into the reforms carried out at the agency under his leadership, the praises being lavished on the agency for growing the domestic tax revenue, the new customer-focused approach to tax administration, among others….
In both circulars, the Service directed affected officers to proceed on mandatory pre-retirement leave in accordance with Public Service Rule 100238 and Federal Government Circular No. 63216/S.I/X/T; CR 1/2001/5 of March 20, 2001.
By Philip Jakpor On Friday, May 10, 2024, the Nigerian President met with two Chinese companies – Avatar New Energy Materials Company Limited which processes 4, 000 tons of lithium per day in Nasarawa State, and Canmax Technologies, the Chinese company responsible for over 30 percent of the global battery material production, which announced a…
