Business

Tony Elumelu Appointed Non-Executive Director At Seplat Energy

Seplat Energy has named prominent Nigerian investor Tony Elumelu as a non-executive director, a move triggered by a significant shift in the firm’s “ownership...

NRS ‘Opens Up’ On Alleged New VAT Charges On Bank Services

The Nigeria Revenue Service (NRS) has moved to debunk rumors circulating regarding the implementation of Value-Added Tax (VAT) on banking services, such as electronic...

FG Gives Fresh Directive To Banks, Fintechs Concerning VAT On Service Fees

The Federal Government has mandated all banks and fintech companies to begin the collection and remittance of a 7.5 per cent value-added tax (VAT)...

KPMG Identifies Errors, Inconsistencies, Gaps, Others In New Tax Laws

The global advisory firm KPMG has identified various gaps, errors, and inconsistencies in the new Nigeria Tax Act (NTA). The firm is calling for urgent...

16 Banks Meet CBN Recapitalisation Requirements Ahead Of March 2026 Deadline

The following banks have met the Central Bank of Nigeria’s (CBN) recapitalisation thresholds: Access Holdings (Access Bank) Zenith Bank United Bank for Africa (UBA) ...

FIRS Announces Automatic Tax Identification Number For Nigerians, Says No Need To Apply For Separate TIN

The Federal Inland Revenue Service (FIRS) has announced that individual Nigerians will no longer need to apply for a separate Tax Identification Number (TIN),...
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