Stakeholders have called for the review of the Non-Resident Companies, (NRCs) with a view to having more time to prepare their tax returns. Disclosing this at KPMG Tax Breakfast Meeting in Lagos, the Patner, Tax, Regulator and People Services, Adewale Ajayi, of KPMG Nigeria said that the policy needs critical review for a profitable and more practical tax auditing laws.

“The real dangers of the EPA, if implemented in its current form, are legion and cut across all facets of the economic life of Africa. Nigeria’s main grouse with EPA stems from the fact that it would lead to de-industrialisation, exposure to undue competition, loss of jobs and revenue, capital flight, increase in poverty and in some way, loss of sovereignty and disintegration of the region,”

As part of their support for the Central Bank of Nigeria, CBN’s Cashless initiative, O3 Capital Nigeria Limited and Game Stores have partnered to introduce the first consumer credit card in Nigeria. Mr. Abimbola Pinheiro, CEO, O3 Capital Nigeria Limited sated during the launch of Game Credit that the card is the first white label credit card in Nigeria that can be used only in Game Stores across Nigeria.

Skye Bank Plc has concluded plan to raise additional tier one capital of N30 billion during the third quarter of 2015 to boost its capacity to explore business and maintain an efficient capital adequacy ratio. Group Managing Director/Chief Executive Officer , CEO of the bank, Mr. Timothy Oguntayo, stated this at a breakfast meeting with stockbrokers in Lagos.

Nigeria’s outgoing Minister of Agriculture, Dr. Akinwumi Adesina was yesterday elected as the new President of the African Development Bank (AfDB) at the bank’s Annual General Meeting in Abidjan, Cote D’Ívoire.