To Prepare For The Future, Accountants Must Be Skilled in Adaptability – ICAEW

    By Daniel Anomietei/Mediacraft   Considering how technology has taken over the accounting profession, one major skill required for accountants to prepare for the future is adaptability. This was the viewpoint of David Lyford-Smith, Technical Manager in the Tech Faculty of ICAEW – the Institute of Chartered Accountants in England and Wales at the […]

CBN ISSUE GUIDELINE FOR ESTABLISHMENT AND OPERATION OF SUBSIDIARIES AND SPECIAL PURPOSE VEHICLES BY DFIs IN NIGERIA

  By Hamisu B.S.     The Central bank of Nigeria has observed the frequent requests from Development Finance Institutions (DFls) for special regulatory approvals to operate special purpose vehicles (SPVs) in furtherance of operational objectives. And the need for the DFls to be transparent in their financial reporting and remain focused on their core […]

Beware of fraudulent loan offers-CBN

  By Financescape   The Central Bank Of Nigeria Has issued a disclaimer on fraudulent loan offers. In a statement sign by CBN Director of Corporate Communications Isaac Okorafor CBN stated that its attention has been drawn to fraudulent messages in the social media circles requesting unsuspecting loan seekers and owners of the small-scale business […]

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, […]

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 […]