Business Hilights

Tracking Nigeria's Headline Business News Online

Stamp Duty

New FIRS boss gets Senate nod as agency gives 7-day notice to tax defaulters

It was an easy ride at the Senate Chambers on Wednesday, as President Muhammadu Buhari’s new nominee for replacement of the chairman of Federal Inland Revenue Service (FIRS), Mr Muhammad Nami, got the nod to head the federal agency without…

‘Banks’ continuing deductions for Stamp Duty due to no directive to stop yet’

Contrary to the explicit pronouncement of a competent court of jurisdiction stopping the deductions of Stamp Duty in favour of the Federal Government, Nigerian banks’ are yet to comply, Business Hilights Intelligence Unit (BHIU) can authoritatively report. Some of the…