News / Updates

A Federal High Court sitting in Abuja has awarded more than N200 million cost against NICON Insurance and National Insurance Commission (NAICOM) in favour of the Federal Inland Revenue Service (FIRS). The presiding judge, Justice Adeniyi Ademola, also granted the claims of FIRS of 10 per cent int [Read more]

The House of Representatives yesterday urged the Federal Inland Revenue Service (FIRS) to stop further remittance of PAYE tax to the Ministry of Federal Capital Territory (MFCT). It also mandated its Committee on Finance to establish the actual amount that had been remitted to the ministry, and who [Read more]

Against the background of the announcement by President Goodluck Jonathan on Tuesday 23rd April 2013 that the Federal Government would still go ahead to increase the pump price of petrol, the National Association of Chamber of Commerce Industry Mines and Agriculture (NACCIMA) has warned the Jonathan [Read more]

The Senior Resident Representative in Nigeria for the International Monetary Fund (IMF), Mr. Scott Roggers has said that the board of the multilateral institution was pleased with the success so far recorded by the Assets Management Corporation of Nigeria (AMCON) and has never recommended ‘imm [Read more]

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), in partnership with the Export-Import Bank (NEXIM) has confirmed plans to go to the Stock Market to source funds for its planned transnational shipping company.   The new shipping company, which h [Read more]

Nigerian Medical Association, Akwa Ibom State branch has described as pathetic conditions in which youth corps doctors are not willing to serve in Akwa Ibom State. The NMA, which stated this during its meeting in Uyo on Tuesday 16th April 2013, said extreme poor conditions in health sector couple [Read more]

Members of the Institute of Chartered Accountants of Nigeria (ICAN) have been enjoined to continue to practice as tax consultants and administrators thereby compounding the controversy of taxation practice jurisdictional dispute between the Chartered Institute of Taxation of Nigeria (CITN) and the a [Read more]

The Acting Executive Chairman of the Federal Inland Revenue Service (FIRS) Kabir Mashi, has called on members of the Association of National Accountants of Nigeria (ANAN) to ensure due diligence and professionalism in their carrier. Mashi, in a statement signed by the Director in the Communicatio [Read more]

The National Insurance Commission (NAICOM) has concluded plans to review the Market Development and Restructuring Initiative (MDRI) which was designed to enhance the industry's growth. This was disclosed by the Commissioner for Insurance Mr Fola Daniel. Mr Daniel disclosed that NAICOM will next [Read more]

The Association of National Accountants of Nigeria (ANAN) and the Institute of Chartered Accountants of Nigeria (ICAN) have unfolded collaborative plans to contribute meaningfully in the development of the country. The President of ANAN, Hajia Maryam Ladi IbrahIm noted that the two bodies must &ldqu [Read more]

The Institute of Chartered Accountants of Nigeria has faulted some provisions of the Petroleum Industry Bill currently with the National Assembly saying some of its sections if passed, could "derail the laudable objectives of the bill." The institute made its position on the bill known in [Read more]

The Nigerian Institute of Management (NIM) has called on the Federal Government to change the budget process and implementation to enable Nigerians to feel its impact. The institute’s president and chairman of council, Michael Olawale-Cole gave the advice while fielding questions from journ [Read more]

The State Coordinator, NYSC, Lagos State, Mrs. Adenike Adeyemi, has said that the introduction of Skill Acquisition and Entrepreneurial Development Programme into the NYSC scheme has helped many fresh graduates to be self-reliant, creating employment opportunities instead of searching for non-existe [Read more]

A new controversy erupted on the legal landscape recently with the publication of a new regime of practising fees for lawyers. The new rate of practising fees which is payable from 2013 thenceforth introduced 250 per cent increment compared to the fees paid in recent years. Practising fees ar [Read more]

Nigeria and Canada are set to establish a chamber of commerce to ensure the implementation of the outcome of the Nigeria-Canada Investment Conference (NCIC) in May, Ambassador Ojo Madueke said.   Madueke, the Nigerian High Commissioner to Canada, said this while briefing newsmen in Abuja on [Read more]

The Ministry of Agriculture and Rural Development and the Coca-Cola Group on March 30 , 2013  begun discussions on partnership to harness some cassava potential. Kelvin Balogun, the President, Coca-Cola (Central, East and West Africa), told the Minister, Dr Akinwumi Adesina, during [Read more]

The Federal Government is targeting 13,029 farm families for various support schemes in 2013, the Minister of Agriculture , Dr Adesina Akinwumi has said. Dr Akinwumi said this on Thursday March 28 , 2013  in Ohafia during the inauguration of Abia North Chamber of Commerce, Mines Industries a [Read more]

Sen. Anyim Pius Anyim, the Secretary to the Government of the Federation, last week inaugurated the National Partnership Committee of Government and Private Sector on Technical and Vocational  Education and Training (TVET). The 18-member committee has membership from government and NGOs, wit [Read more]

The Association of Professional Bodies of Nigeria (APBN) last week in Lagos decried what it called the marginalisation of Nigerian professionals in the nation’s development. It noted that no economy could develop on a sustainable basis without the involvement of professionals. “Wit [Read more]

The Minister of State for the Federal Capital Territory, Oloye Olajumoke Akinjide disclosed that the Administration would refocus and improve the funding of Abuja Enterprise Agency to enable it realise its mandate. Akinjide, who made this known while receiving members of the AEA Board in her office [Read more]