FIRS achieves 170,000 new taxpayers
Now with just a click on the taxpromax, taxpayers can handle all their obligations seamlessly.
Technical & Vocational
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Adedeji’s One Year Scorecards at FIRS
Achieved 81 percent of the collection of the first quarter of 2024 amounting to N3.94 trillion being an all-time highest in the same quarter and 56 percent higher than Q1 2023.
Nigeria Can Stop $600m Annual Sugar Importation – NACETEM
NACETEM is currently awaiting the Federal Executive Council approval on some of its innovative policies including commercialisation of some research outputs
FG Exempts Electricity, Gas Companies From Withholding Tax
▪︎ Wale Edun The Federal Government has categorised all electricity companies, including the Generation and Distribution Companies (GenCos and DisCos), as those exempted from the payment of Withholding Tax in the country. This was contained in the new Withholding Tax regulation document signed by the Minister of Finance, Wale Edun. The new Withholding Tax regulation…
WTO/ FIFA Cotton Four Countries Project Enters $12bn Mobilisation Stage
▪︎ WTO DG, Ngozi Okonjo-Iweala UNIDO, WTO, ITC, Africa Finance Corporation (AFC) and International Islamic Trade Finance Corporation (ITFC), have begun mobilizing $12 billion to support the development of a sustainable cotton industry in the Cotton Four countries (Benin, Burkina Faso, Chad, Mali – or “C4”) and Côte d’Ivoire. The project, tagged ‘Partnership for Cotton…
Nigeria’s New Mining Licences Rate
The Minister of Solid Minerals Development, Dele Alake, says that investors applying for a Mining Lease license would pay N3 million, while Small Scale Mining Lease (SSML) applicants will pay N300,000 for the first two cadastral units. The Minister also said : “The cost to obtain an Exploration Licence (EL) is N600,000 for the first…
Ogun Commissioner Says No Business For Miners with Expire Documents
Mining is a win-win thing if done responsibly, but destructive and disruptive when it is irresponsibly carried out.
Nigeria Missing Out On $110bn Global Bitumen Market – Senate
▪︎Dele Alake The Senate is worried about Nigeria missing out of the $110 billion bitumen global market. The apex legislative Chamber, through its Committee on Solid Minerals, made the revelation on the $110 billion global bitumen market during public hearing on a bill seeking for an Act to establish Bitumen Development Commission. The public hearing…
Tinubu: It’s Shameful We’re Still Generating 4.5GW of Electricity
▪︎Image: President Bola Tinubu; Aliko Dangote, and Wale Edun. Source : State House photo ” As a nation, it is so shameful that we are still generating 4.5GW of electricity,” said President Tinubu, today, during the launch of Presidential Economic Coordination Council (PECC) and the Economic Stabilization Programme to ensure food security, improved power supply,…
Sugar Council donates seed cane to Golden Sugar Company for 2024/25 planting season
The GSC Agronomy Manager, Mr M. Venkat, said they had 120 varieties in their germplasm, but they didn’t have this particular variety in their field and that they discovered that this variety has a higher yield than most of the ones they have