Industrialist calls for establishment of cotton, textiles, groundnut development commission in North

  By Mustapha Hodi   A seasoned industrialist, Alhaji Sa’idu Dattijo Adhama has called for the establishment of Cotton/textiles/garment, groundnut, and leather Development Commissions in northern Nigeria.   Adhama, in an interview with a correspondent in Kano, said establishing the aforementioned commissions would help a lot in providing job opportunities to teeming youth in the […]

FIRS Public Notice on deduction at source of WHT and VAT on compensation paid to agents, dealers, distributors and retailers by principal companies

  By Financescape The Federal Inland Revenue Service (FIRS) issued a Public Notice today, 14 August 2019, directing taxpayers, particularly companies in the Fast Moving Consumer Goods sector, to deduct and remit withholding tax and value-added tax on the “compensation” due to their distributors, dealers, and agents.   The FIRS defines “compensation” to include commission, […]

OLOP: SMEDAN signs MoU with MFBs to grow SMEs

  By Mustapha H.   Small and Medium Enterprises Development Agency of Nigeria, SMEDAN on Friday signed a Memorandum of Understanding, MoU with Micro Finance Banks, MFBs in a bid to grow Small and Medium Enterprises, SMEs. Hence, the SMEDAN launched One Local Government One Product, OLOP, in order to ease access to loans from […]

SEC Publishes Registered Commodities Exchanges Warehouse Map

  By Financescape   Securities and Exchange Commission has published registered commodities exchanges warehouse map. Warehouses and storage infrastructure are necessary for the commodity sector and commodities futures trading. These storage facilities are critical to the entire agro commodities value chain for reduction in post harvest losses, quality maintenance, year-round supply of commodity raw materials […]

SEC Commence Verification of Claims of Unpaid Investors of Dantata Success and Profitable Company

By Financescape   Securities and Exchange Commission has announced the commencement of verification of claims of unpaid investors of Dantatahe Success and profitable company. SEC announced that Sequel to the appointment of joint Administrators/Trustees for Dantata Success and Profitable Company by the Securities and Exchange Commission (SEC) pursuant to section 13 and 173 of the […]