How Nigerian banks ‘hustle’ for retail services
KPMG Nigeria, in its 2019 Nigeria Banking Industry Customer Experience Survey, released in Lagos, said the nation’s banking industry are raising strategies to get more customers enlisted for retail services, as the reforms in the industry continue to reduce their....
Potential impact on employee rewards outlook for 2020
It is that time of the year when many organisations plan and budget for the coming year. Indeed, these plans reflect their perspective on the internal and external environment, the impact on their businesses and people, and how they plan to respond.
Reinventing tax management in business, finance strategy
A tax strategy must be intrinsically linked to the commercial and overall strategic objectives of an organisation. This is because poor tax management and lack of governance can have a negative commercial impact on the business.
VAT designed to support, not burden poor Nigerians, says Fowler
Chairman, Federal Inland Revenue Service (FIRS), Babatunde Fowler, yesterday said Value Added Tax (VAT) is designed to support poor Nigerians and not create hardship for them. He explained that it is charged on consumption and capacity to consume, noting that revenue generated from VAT is channeled towards assisting the poor by providing basic amenities. Fowler…
We’ll review PTAC report on new minimum wage expeditiously – Buhari
President Muhammadu Buhari on Monday in Abuja received the report of the Presidential Technical Advisory Committee on the Implementation of the National Minimum Wage (PTAC) with a pledge to review it expeditiously. The PTAC, which was inaugurated on Jan. 9, was mandated to advise the Federal Government on how best to fund, in a sustained…
Oriola becomes UAC’s group finance director
UAC of Nigeria Plc has announced the appointment of Ibikunle Ibiyinka Oriola as Group Finance Director. Oriola is a seasoned professional with 17 years experience gained from diverse functional roles spanning finance, strategy, risk management and corporate finance. He has provided strategic finance leadership, driving transformational and growth agenda of conglomerate businesses spanning several sectors…
12 students bag KPMG maiden scholarship award
As part of efforts to further demonstrate its commitment to students’ future, KPMG Professional Services, have awarded scholarship to 12 tertiary institution indigent undergraduates.
Ajimobi accepts defeat in Senatorial race, congratulates Balogun
Oyo State Governor and candidate of the All Progressives Congress (APC) in Oyo South Senatorial district Senator Abiola Ajimobi has congratulated the candidate of the People's Democratic Party (PDP) Kola Balogun for his victory in the National Assembly election. Ajimobi, who contested the seat of Oyo South Senatorial district in the Senate, polled 92, 579…
KPMG appoints new partners
KPMG member firms in Nigeria have announced the appointment of four new partners.
U.S. firms in Nigeria generate N2.6tr
United States’ companies operating in Nigeria generated revenue worth more than N2.6 trillion in 2017, a survey conducted by the American Business Council, in collaboration with Accenture, KPMG, PwC and the U.S. embassy has revealed.