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Tax Dispute: MultiChoice to Pay $37.3m to FIRS The owner of DSTV and GOTV, MultiChoice, has agreed to pay about $37.3 million after front-and-back discussions over tax payment disputes in Nigeria. Recall that in 2022, the Federal Inland Revenue Services (FIRS) froze MultiChoice Nigeria’s accounts and served the company with a N1.8 trillion tax claim […]

Oil Rises as Israel Rejects Ceasefire The global oil market rallied early Thursday following Israel’s rejection of a ceasefire offer from Hamas and resuming attacks on the Gaza Strip. The oil market has been under pressure lately with disruptions including tensions at the Red Sea. Analysts noted that a weaker US dollar and build-up in […]

Taxation: Plateau Introduces Intelligent Billing System The Plateau Inland Revenue Service (PSIRS) has introduced an intelligent revenue billing system (PIRBS) for ease of taxation. The billing system, known as Plateau Intelligent Revenue Billing System, was unveiled on Thursday in Jos. The Executive Chairman of PSIRS, Mr Jim Wayas, said at the launch that the system […]

Foreign Investors Raise Bet on Nigeria Eurobonds In Nigeria’s sovereign Eurobonds market, there was a positive level of activity. Foreign investors increased their bets on Nigeria’s US dollar bonds at the international capital market for trading sovereign assets. As a result, Nigeria’s Eurobond price surged, dragging the yield curve down.  The market turned bullish from […]

The longstanding concerns about President Joe Biden’s age and memory intensified on Thursday after the release of a special counsel’s report investigating his possession of classified documents. The report described the 81-year-old Democrat’s memory as “hazy,” “fuzzy,” “faulty,” “poor” and having “significant limitations.” It noted that Biden could not recall defining milestones in his own […]

The Nigerian Bar Association Institute of Continuing Legal Education (NBA-ICLE) recently concluded a training on capital markets for lawyers in collaboration with the Capital Market Solicitors’ Association. The training saw over 4,000 lawyers participate. In a statement, Tobenna Erojikwe, Chairman of the NBA-ICLE Governing Board, announced that the Institute had organised a successful training program. […]

By Oyetola Muyiwa Atoyebi, SAN FCIArb. (U.K) Introduction Navigating the intricate terrain of mergers and acquisitions (M&A) within Nigeria demands a keen comprehension of the associated tax implications. The success of these strategic business maneuvers is significantly influenced by the prevailing legal and regulatory framework, with tax laws and overseeing agencies playing a pivotal role […]

No fewer than six traders have been arraigned for allegedly assaulting and blackmailing popular actress, Lizzy Anjorin-Lawal. They were arraigned before the Chief Magistrate Court in Lagos Island Local Government. Those arraigned before Magistrate A. A. Paul include Qudus Jokogbola; Suru Olawale; Edu Shakirat; Fausat Mohammed; Kafayat Ahmed and Opere Simiat Morenike. Our correspondent learnt […]

Amidst the growing hardship being experienced in the land by rising prices of goods and services, the Speaker of the House of Representatives, Hon Tajudeen Abbas, on Thursday pleaded with Nigerians to be patient with the federal government of President Bola Ahmed Tinubu, saying that citizens would soon laugh with the various policies being put […]

The Niger State Government has ordered the release of Aisha Jibrin, the initiator of the violent protest against the hike in prices of food items that erupted in Minna metropolis on Monday. The Commissioner for Information and Culture, Hajiya Binta Manmman, stated this while speaking to journalists on Thursday in Minna. The Nigerian Tribune noted […]

The Nigerian Communications Commission (NCC) has announced that the interconnect debt dispute between MTN Nigeria Communications Plc. (MTN) and Globacom Limited (Globacom) has been resolved amicably. In a statement signed by the Director of Public Affairs of the NCC, Reuben Mouka, in accordance with this resolution, the disconnection approval granted to MTN for the disconnection […]

The Nursing and Midwifery Council of Nigeria, on Wednesday, announced revised guidelines and requirements for individuals applying for certificate verification with foreign nursing boards/councils. Applicants are now required by the council to have at least two years of post-qualification experience from the date of issuance of their permanent practising licence. The revised guidelines for verification […]