Tag: Tax
-
Feyemi’s wife begs government to remove tax on sanitary pads
The wife of Ekiti State Governor, Mrs Bisi Fayemi, has called on government to remove taxation on sanitary pads and engage in its local production to make it less expensive. She said this on Thursday at the inauguration of project P4iGC3, Pad for Improved Girl Child Education, by Balm in Gilead Foundation For Sustainable Development,…
-
FG speaks on introduction of new taxes in 2021
The Federal Government said on Friday that it was not planning to introduce any new taxes in 2021, but is making efforts to reduce the tax burden on the Nigerian people in view of the current economic situation occasioned by the COVID-19 pandemic and the fall in the prices of crude oil in the international…
-
2020 Finance Bill to exempt minimum wage earners from tax – Buhari
President Muhammadu Buhari on Monday said his administration has set plans to exempt minimum wage earners from Personal Income Tax as a means of insulating the Nigerian masses against rising inflation. The President made these disclosures in his speech delivered virtually by Vice President Yemi Osinbajo, SAN, on Monday at the opening session of the…
-
Q3 2020: UBA grows gross earnings to N454.4bn, delivers N90.4bn profit before tax
United Bank for Africa (UBA) Plc, the Pan African financial institution, has announced commendable performance in its unaudited 2020 Third Quarter Financial Results, with impressive growth in Gross Earnings, which rose to N454.4 billion, up from N428.7billion recorded in September 2019. According to the report filed with the Nigerian Stock Exchange (NSE) on Friday (20…
-
High exchange rate, tax responsible for tariff hike – Startimes
…demands palliatives to survive …may alter tarrif to an acceptable level One of the leading Cable Network providers in the country Startimes, has blamed the recent 7.5% tax increase and the high exchange rate of dollars to the Naira as responsible for the recent hike in subscription of its services. This revelation was made on…
-
Ecobank in tax avoidance trouble, ordered to pay N1.6b to FIRS
The Tax Appeal Tribunal has declared as illegal, null and void the decision of EcoBank Nigeria Limited to pay N5, 545, 000,000 as dividends to its shareholders in 2016. That year, Ecobank had claimed it made no taxable profit and rather declared losses from its banking operations. A statement from the Federal Inland Revenue Service…