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Tax

56% Increase In Income Tax Eats Into NEM Insurance’s Profit Of N14.85bn

NEM Insurance reported its revenue for the first quarter (Q1) of 2025 was N46.05 billion, surpassing the N29.03 billion generated in Q1 2024, indicating an increase of 58.63 percent. However, the increase was overshadowed by the 61.65 percent recorded in insurance service

June 30, 2025

Linkage Assurance Grows Revenue To N6.48bn, Profit Falls By 68%

Business·Top Stories

Linkage Assurance Records N6bn Revenue, Tax Burden Affects Profit Growth

Linkage Assurance reported 18 per cent growth in its insurance revenue for the first quarter (Q1) of 2025, after recording N6.05 billion, against the N5.12 billion posted in the corresponding period in 2024. The company, in its first quarter financial statement for

May 29, 2025

Telcos Threaten To Stop USSD Services Over ‘Misinformation’ On Billing By Banks

Africa

Kenya Introduces Mandatory IMEI Declaration For Mobile Devices Starting January 2025

From January 1, 2025, travellers including tourists and citizens entering Kenya, as well as importers and assemblers of mobile devices, will need to declare the International Mobile Equipment Identity (IMEI) numbers of devices intended for use within the country. This new regulation,

November 6, 2024

Enugu Govt Imposes Taxes On Dead Bodies In Mortuary

News

Enugu Govt Imposes Mortuary Taxes On Dead Bodies

Enugu State government has imposed taxes on dead bodies in mortuaries. This was disclosed in a circular signed by the Executive Chairman, Enugu State Internal Revenue Service (ESIRS), Mr Emmanuel Ekene Nnamani. The circular said the implementation of the mortuary tax is

October 13, 2024

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Finance & Economy

Social Contract, Economic Reforms And The Drive For $1 Trillion Economy

At a public function in Lagos two weeks ago, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, gave startling revelations on the weaknesses and inadequacies of our tax system and came up with a damning verdict that

October 3, 2024

Obi Reacts To Poor Performance In 2025 UTME, Calls For Aggressive Investment In Education

Politics

Cybersecurity Levy: Nigerian Govt Milking A Dying Economy – Obi

Presidential candidate of the Labour Party in the 2023 general election, Mr Peter Obi, has criticised the latest decision of the Nigerian government to impose a cybersecurity level on electronic transactions, saying it amounts to milking a dying economy. The CBN had

May 8, 2024

Business

CITN Advocates Action On UK-Nigeria Bilateral Tax Agreements

Chartered Institute of Taxation of Nigeria (CITN) has underscored the importance of raising awareness and advocacy for effective implementation of bilateral treaties between the United Kingdom (UK) and Nigeria, especially those pertaining to double taxation agreements.

November 3, 2023

Presidential Committee Proposes Tax On Unofficial Forex Transactions

Business·News

Ease Of Doing Business: Nigerian Govt Plans Slashing 62 Taxes To 9

Mr. Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms has revealed plans by the Tinubu administration to reduce Nigeria’s current web of 62 taxes to a mere nine, in the pursuit of fostering a more business-friendly environment in the

October 11, 2023

Business

Ghanaian Gov’t Moves To Enforce $773 million Fine On MTN

Ghanaian tax administrator, Ghana Revenue Authority (GRA), has slammed MTN with GHS8,209,603,842.14 ($773 million based on dollar rate) fine for failing to declare the true state of its revenue. It was gathered that the tax authority conducted an audit of MTN’s turnover between

January 17, 2023

Business

Soft Drink Prices To Rise, Jobs At Risk Over FG’s 20% Tax, As Producers Lament

The Manufacturers Association of Nigeria (MAN) has warned that Nigerians will be affected by the proposed 20 per cent Ad-valorem Excise Tax on non-alcoholic beverages. According to the association, companies will have to downsize their workforce and also pass on the cost

November 22, 2022

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Tax

56% Increase In Income Tax Eats Into NEM Insurance’s Profit Of N14.85bn

Linkage Assurance Records N6bn Revenue, Tax Burden Affects Profit Growth

Kenya Introduces Mandatory IMEI Declaration For Mobile Devices Starting January 2025

Enugu Govt Imposes Mortuary Taxes On Dead Bodies

Social Contract, Economic Reforms And The Drive For $1 Trillion Economy

Cybersecurity Levy: Nigerian Govt Milking A Dying Economy – Obi

CITN Advocates Action On UK-Nigeria Bilateral Tax Agreements

Ease Of Doing Business: Nigerian Govt Plans Slashing 62 Taxes To 9

Ghanaian Gov’t Moves To Enforce $773 million Fine On MTN

Soft Drink Prices To Rise, Jobs At Risk Over FG’s 20% Tax, As Producers Lament

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Customs Area 1 Comptroller Visits Port Harcourt Airport, Calls for Synergy to Boost Cargo Traffic

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