World News

FIRS TO INSTITUTE TAX COMPLIANCE MEASURES ON OPERATORS IN THE MARITIME AND AVIATION INDUSTRY

FIRS TO INSTITUTE TAX COMPLIANCE MEASURES ON OPERATORS IN THE MARITIME AND AVIATION INDUSTRY

FIRS TO INSTITUTE TAX COMPLIANCE MEASURES ON OPERATORS IN THE MARITIME AND AVIATION INDUSTRY The Federal Inland Revenue Service (FIRS) has stated that it would commence back-end tax audit on operators in the maritime and aviation industries. The Executive Chairman, Muhammad Nami, disclosed this Thursday (October, 28, 2021) while delivering an address at the Pedabo Thought Leadership Breakfast Session, focused on tax issues and the impact on development in the maritime and aviation industry, held in Lagos State. “The FIRS will soon launch a tax audit exercise on operators in the maritime and aviation industries.” He stated, adding that “Back-end…
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FINANCE BILL 2021: “Our Tax System Must Work For Every Nigerian” — FIRS Executive Chairman

FINANCE BILL 2021: “Our Tax System Must Work For Every Nigerian” — FIRS Executive Chairman

FINANCE BILL 2021: “Our Tax System Must Work For Every Nigerian” — FIRS Executive Chairman The 2021 Finance Bill must be tailored towards enabling an efficient tax system that works for every Nigerian. This was the position of the Federal Inland Revenue Service (FIRS) disclosed by its Executive Chairman, Muhammad Nami to journalists after a stakeholder engagement on the Finance Bill 2021, today at the House of Representatives, Abuja. “Our laws and policies must first and foremost work for the Nigerian people who we have either been elected or appointed to serve.” Nami stated. “Whatever proposals that have been submitted…
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BREAKING: Burkina Faso Government Resigns Over Insecurity

BREAKING: Burkina Faso Government Resigns Over Insecurity

Burkina Faso Government Resigns Over Insecurity Burkina Faso is one of the world’s poorest countries and its armed forces are ill-equipped to tackle highly mobile jihadists. Burkina Faso’s premier and Government resigned on Wednesday, following protests over their inability to prevent Jihadist attacks. President Roch Marc Christian Kabore accepted the resignation letter presented to him by Prime Minister Christophe Joseph Marie Dabire, in accordance with a presidential decree. According to the law of Burkina Faso, the resignation of a prime minister requires the resignation of the entire government. Dabire, on his Facebook page urged citizens to “support the president… and…
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Despite Rising Food Prices, NBS Says Nigeria’s Inflation Drops To 15.99%

Despite Rising Food Prices, NBS Says Nigeria’s Inflation Drops To 15.99%

Despite Rising Food Prices, NBS Says Nigeria’s Inflation Drops To 15.99% The National Bureau of Statistics has said that Nigeria’s inflation rate declined for the seventh consecutive month to 15.99 per cent in October The Statistician General of the Federation, Simon Harry disclosed this on Monday in Abuja while presenting the details of the Consumer Price Index report for October. The claim by the NBS contradicts the current economic realities in the country where the prices of food and services have been trending upwards. In recent times, the skyrocketing food prices in major cities across the country are being reported…
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Saif al-Islam, Son Of Former Libyan Leader Gaddafi To Run For President

Saif al-Islam, Son Of Former Libyan Leader Gaddafi To Run For President

Son of the former Libyan leader, Muammar al-Gaddafi, Saif al-Islam Gaddafi has registered as a presidential candidate for the December 24 poll, the country’s electoral commission says. While Saif al-Islam al-Gaddafi is likely to play on nostalgia for the era before the 2011 uprising that swept his father from power, analysts say he may not be a front runner, AlJazeera reports. “Saif al-Islam al-Gaddafi submitted … his candidacy for the presidential election to the High National Electoral Commission office in the [southern] city of Sebha,” a statement by the commission said on Sunday. Gaddafi is one of the most prominent…
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FIRS Boss Promises To Tackle Global Challenges To Taxation 

FIRS Boss Promises To Tackle Global Challenges To Taxation 

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, a renowned tax administrator has been elected by the 47 member countries of the Commonwealth Tax Administrators Forum (CATA) as its 15th President for a three-year tenure. The newly elected President of CATA brings in decades of experience in taxation and administration both in private and public sectors. In his acceptance speech read during the virtual conference of the Forum, Nami thanked all members of CATA for the confidence they have reposed in him by electing Nigeria as President, noting that it is a call to duty. He…
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First Bank Holdings GMD, U.K Eke, Resigns Amid Leadership Tussle Between Otedola, Hassan-Odukale, May Join Abia Guber Race

First Bank Holdings GMD, U.K Eke, Resigns Amid Leadership Tussle Between Otedola, Hassan-Odukale, May Join Abia Guber Race

First Bank Holdings GMD, U.K Eke, Resigns Amid Leadership Tussle Between Otedola, Hassan-Odukale, May Join Abia Guber Race The Group Managing Director of First Bank Nigeria Holdings, Urum Kalu (U.K) Eke, has resigned from his position before the end of his tenure amid a leadership tussle at the lender. U.K Eke was appointed in 2016 as the GMD of FBN Holdings. He has however tendered his resignation to the company since August 10, 2021, but expected to exit his position by December 31, 2021. First Bank claimed retirement led to Eke’s resignation, while also stating that he has served two…
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COLIN POWELL’S DEMISE, A HUGE LOSS TO HUMANITY – EMEKA KALU

COLIN POWELL’S DEMISE, A HUGE LOSS TO HUMANITY – EMEKA KALU

COLIN POWELL'S DEMISE, A HUGE LOSS TO HUMANITY - EMEKA KALU   It was with a heavy heart that we received the shocking news of Colin Powell s demise on the 18th October, 2021.This was a great African American who had in several capacities worked for the political transformations and promotion of a balanced international security upkeep across the globe during his service as the 65th US Secretary of State in the government of President George Bush Jr. A four star general who dedicated most of his life enhancing, developing and streamlining America Military Intelligence and national defence.   As…
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BREAKING: Plane carrying 19 people smashes into field

BREAKING: Plane carrying 19 people smashes into field

Plane carrying 19 people smashes into field The plane rolled through a fence and burst into flames Plane carrying multiple people engulfed in flames after crashing in Texas An aircraft crashed in Waller County, Texas on Tuesday morning, prompting firefighters to rush to the scene to quell the flames engulfing the wreck. Thankfully, all 19 occupants onboard the plane - 16 passengers and three crew - have made it out of the wreckage safely, according to officials. One individual suffered a back injury and was taken to a nearby hospital. The plane apparently went down shortly after takeoff. Waller County…
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Plane crashes into office building in Milan, killing all eight onboard

Plane crashes into office building in Milan, killing all eight onboard

A private jet crashed into an empty office building in Milan on Sunday, killing all eight on board. The aircraft hit the building in the industrial suburb of San Donato Milanese, close to the city’s Linate airport. According to the LaPresse news agency, two crew members and six passengers, including a boy, died in the crash. The fire service tweeted that no one other than those on board the plane is currently believed to have been hurt or killed during the incident, which took place on Sunday afternoon. Several nearby parked cars were set ablaze but it is thought that…
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