Tuesday, September 25, 2018

Tag "FIRS"

    Tax evasion: FIRS seals 3 eateries in Owerri

Tax evasion: FIRS seals 3 eateries in Owerri

The enforcement team of the Federal Inland Revenue Service (FIRS) has sealed offices of three tax-defaulting business outlets in Imo.The sealed outfits are eateries - City Chef Restaurant, De Mange Eatery House and Comet Hotels and Conference, all located within the Owerri municipality.Chinzo Ude, the team leader of the enforcement unit, disclosed this to reporters in Owerri on Tuesday.He said [...]

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    It’s goodbye to subsidy as FG clears N48bn outstanding debt

It’s goodbye to subsidy as FG clears N48bn outstanding debt

The federal government has paid N48.2 billion outstanding subsidy arrears to oil marketers.Kemi Adeosun, minister of finance, disclosed this on Tuesday.Adeosun said the payment was made  to enable the oil marketers import petroleum products and meet up their other financial needs.“The N48.2 billion outstanding subsidy arrears owed oil marketers in 2015 has been paid," she said in a statement by Salisu Dambatta, [...]

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    Tax default: FIRS shuts more firms across the country

Tax default: FIRS shuts more firms across the country

The Federal Inland Revenue Services (FIRS) on Friday continued its closure of companies owing taxes across the country.Lagos, Abia, and Imo were some of the states which the enforcement unit of the organisation visited.In Lagos, FIRS sealed up RT Briscoe Nigeria PLC, Sinopec Nigeria, an oil and exploration company in Ikoyi.Briscoe Motors located on Fatai Atere Way in Mushin, was [...]

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    FIRS: Jimoh Ibrahim’s firms owe N575m in taxes

FIRS: Jimoh Ibrahim’s firms owe N575m in taxes

The Federal Inland Revenue Service (FIRS) says Nicon Luxury Hotel, owned by Jimoh Ibrahim, a Nigerian businessman, is currently defaulting in unpaid tax liabilities, to the tune of N392,623,765.The agency also said Nicon Insurance has N182,685, 036 million in unremitted withholding tax and (Value Added Tax) VAT from 2008 to 2012.In a statement released on Thursday, FIRS said it sealed [...]

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    FIRS seals 10 companies, says time has changed

FIRS seals 10 companies, says time has changed

The enforcement teams of the Federal Inland Revenue Service (FIRS) over the weekend sealed the business premises of 10 companies that defaulted in remitting their taxes in Port Harcourt, Rivers state capital.Joel-Onowakpo Thomas, state coordinator of the FIRS in Rivers, Edo and Delta State (otherwise called the RED States), who is leading the enforcement drive, told reporters that "the campaign [...]

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    Customs officers to get incentive-based pay

Customs officers to get incentive-based pay

Kemi Adeosun, minister of finance, says the federal government is working on the introduction of performance related pay for officers of the Nigerian Customs Service (NCS).Adeosun explained that this in a bid to significantly increase the level of revenue generation of the NCS, motivate improved revenue collections, and reduce corruption.“This exercise found that the provision of modern equipment, elimination of inappropriate [...]

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    FIRS director arrested for tax ‘fraud’

FIRS director arrested for tax ‘fraud’

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    Senate still awaiting ministerial list, says Saraki

Senate still awaiting ministerial list, says Saraki

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    Jonathan appoints Ogungbesan FIRS chairman

Jonathan appoints Ogungbesan FIRS chairman

President Goodluck Jonathan has approved the appointment of Samuel Ogungbesan as the acting executive chairman of the Federal Inland Revenue Service (FIRS).Reuben Abati, special adviser to the president on media and publicity, announced the appointment in a statement issued on Wednesday.Kabiru Mashi, who has been in charge of FIRS since 2012, was directed to hand over to Ogungbesan with immediate [...]

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    FIRS recovers N248m from defaulting companies

FIRS recovers N248m from defaulting companies

Following an aggressive drive by the Federal Inland Revenue Service (FIRS) in Lagos state, the nation’s tax drive has received a boost of more than N248 million.According to NAN, FIRS carried out the tax drive in Baker Hughes, Line Trale, Tecon Oil and Heyden Petroleum, all operating in Lagos.At Baker Hughes, the company’s secretary, Mr Gbenga Biobaku, made a commitment [...]

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Exchange Rates

September 24, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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