The Peoples Democratic Party (PDP) has condemned plans by President Muhammadu Buhari to impose new taxes on Nigerians. In a statement by PDP National Publicity Secretary, Kola Ologbondiyan, the party noted: “Nigerians are already overburdened, impoverished and pauperised by the incompetent, insensitive, uncaring, vindictive and corrupt administration. 
 
 “It is disheartening that instead of President…

Shelter is one of the basic needs of man, and the idea of affordable housing to cater to this need is both practical and viable. According to the The United Nations Human Settlements Programme (UN–Habitat), 30 per cent of the world’s urban population resides in slums, with deplorable conditions, where people suffer from several deficiencies,…

To provide permanent solutions to challenges confronting Nigeria’s tax system, Taxpal Nigeria, a professional tax and business advisory company has been launched.   The Chief Operating Officer, Taxpal Nigeria, Jide Banjo, at the official launch in Ikeja, Lagos, said the company is introducing a solution to make it easier for taxpayers to pay their taxes…

Qatar, the world's largest exporter of liquified natural gas, will run its first budget surplus in three years in 2019 due to higher energy prices, a government statement said Thursday. The surplus will reach 4.3 billion Qatari riyals ($1.2bn, 1 billion euros) because of an expected sustained rise in prices. The statement also said Qatar…

Ahead of the planned 5G roll out in 2020, the Federal Government, through the Nigerian Communications Commission (NCC) would offer the service in three different frequency bands. According to NCC, which listed the bands to include the 2.6GHz, 3.8GHz and 4.2GHz spectrum bands, said there will be compelling commercial case for 5G roll outs, which…

There has been an explosion in global and cross border trade for some decades now. With this burst also comes the menace of illicit trade, otherwise known as the underground economy. As markets open and demand grows, people try to engage in illegitimate trade by producing, importing, exporting, purchasing or selling items without complying with…

Peoples Democratic Party (PDP) senatorial candidate for Lagos Central, Chief Adesunbo Onitiri, has called for immediate cancellation of toll collection on Lekki-Epe expressway in the interest of motorists and commuters plying the road. He also called for the reduction of taxes and levies imposed on residents by the state and councils. In a statement in…

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Chartered Institute of Taxation of Nigeria (CITN) have strengthened their ties with the signing of a Memorandum of Understanding to collaborate on training of officers of the commission.   The signing of the MoU, which was effected at the commission’s headquarters, was witnessed by…

C&I Leasing Group has achieved gross earnings of N19.9 billion in its unaudited result for the nine months ended September 30, 2018, or 15.7 per cent rise against N17.2 billion recorded in the corresponding period of 2017.   Also, the Group posted profit after tax of 1.2 billion representing 25 per cent increase over N950…

A report the other day that the Federal Government has resorted to requesting the International Monetary Fund (IMF) and the Group 24 (G24) countries for assistance in “identifying assets of Nigerians overseas and of International Oil Companies (IOCs) doing business in the country (Nigeria) for proper inventory for the purpose of effective taxation” is curious…

The Federal Government says that at the end of the third quarter of 2018, 209 tax appeal cases amounting to 18.8 billion dollars, 0.8 million Euros and N205.6 billion are pending across the zones. Mr Mahmoud Isa-Dutse, the Permanent Secretary, Ministry of Finance, said this on Monday in Abuja, at the inauguration of commissioners of…

As the Office of the Citizen is becoming increasingly proactive about accountability and transparency in the governance process, it is also important for citizens and those in authorities to note the correlation between diligent tax collection....