A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
The Kwara Internal Revenue Service (KW-IRS) says it generated the sum of N4.015 billion revenue in the third quarter of 2020. The Executive Chairman of the service, Shade Omoniyi, made the disclosure in a statement made available in Ilorin on Thursday. She said that the amount was in excess of the quarterly projection of N6.5
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COVID-19 pandemic has impacted negatively on the Government’s revenue sources. In June 2020, the Federation Accounts Allocation Committee (FAAC) shared a total of N696 billion to the three tiers of the Government of Nigeria. FIRS alone contributed 70 percent of the amount shared while other revenue-generating agencies altogether contributed 30 percent. The Executive Chairman of FIRS, Muhammad Nami, in a recent telephone interview with NigeriaInfo (95.1FM) said without revenue from taxes, the Government would be unable to fund her programmes and activities. Nami also clarified why paying Stamp Duty on tenancy agreement should not cause a price increase in house rent.
Read MoreIn its effort to boost stakeholders’ value, Global Spectrum Energy Services (GSES) Plc has disclosed plan to boost its business by seeking new opportunity in other business lines, even as it recorded 31 percent growth in revenue for the financial year ended December 31, 2019.
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Uber on Thursday reported a $1.8 billion loss in the recently ended quarter as the COVID-19 pandemic caused its shared-ride business revenue to plunge. Overall revenues skidded 29 per cent from a year ago to $2.2 billion, as gains from delivery failed to offset a massive 75 per cent drop in its ride-hailing bookings, San
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By Victor Young Organised labour has rejected recent order by the Federal Inland Revenue Service, FIRS, to property owners and their agents to charge 6 percent Stamp Duty on all tenancy and lease agreements enter into with all leases and remit to the service. Trade Union Congress of Nigeria, TUC, in a statement on Sunday,
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Twitter said Thursday user growth soared in the past quarter even as ad revenues took a hit amid civil unrest in the United States. The short-messaging service reported a net loss of $1.2 billion in the quarter, most of that coming from setting aside funds for income taxes. Revenue slumped 19 percent from a year
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As part of measures aimed at boosting its revenue base, Delta State Government is to introduce property tax in urban areas of the state.
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The House of Representatives has commenced investigations to identify and block revenue leakages that cost Nigeria in excess of $30 billion annually. The investigative hearing which began on Monday in Abuja, was organized by the joint house committees on Finance, Banking and Currency. The Speaker of the house, Rep. Femi Gbajabimila, said that Nigeria is
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More than five years after the termination by the Nigerian Maritime and Safety Agency (NIMASA), of maritime security contract it entered with Global West Specialist Vessels Limited, a company said to be sponsored by ex-warlord, Chief Government Ekpemupolo, ( aka Tompolo), the agency’s new Director General, Dr. Bashir Jamoh, has testified that the contract actually
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The Bayelsa Government on Saturday said it generated N1.2 billion as Internally Generated Revenue (IGR) in the month of March 2020, highest in the last one year, up from N848.9 million generated in February 2020, Mr Timipre Seipulou, the Technical Assistant to the Governor on Treasury, Account and Revenue, gave the figure in Yenagoa, during
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