Why proposed tax laws on NHF is a bad idea — PwC

A new tax law passed by the national assembly, awaiting assent from the president is seeking to impose over 200 percent of personal income tax on low income earners. Provisions of the new law tagged the National Housing Fund, NHF, (Establishment) Act 2018, includes a mandatory 2.5 percent contribution of monthly income by employees earning […]

EU states set to scrap digital tax plan, to work for global reform

European Union finance ministers are set to ditch a plan to introduce an EU-wide digital tax next week but agree to work on a global reform of the taxation of internet companies, an EU document shows. The move is likely to be welcomed by digital giants like Alphabet Inc’s Google and Facebook who would have […]

Nigerian insurers attract stable rating despite rising operating costs, claims expense

Confidence in the underwriting capacity of insurance companies operating in Nigeria has started attracting a boost from credit ratings agencies, affirming clients of the insurance firm’s stability, in the wake of stringent regulatory stance and anticipated capital enhancements. Although the industry continues to be plagued with pressure points such as rising claims expenses, high underwriting […]

Ellah Lakes makes full, final settlement of N589.5m debt

The management and board of directors of Ellah Lakes Plc, a listed company which specialises in fish farming, has announced the approval of a full and final settlement of a N589.5 million debt owed to J.W Ellah Sons & Company Limited. The announcement was made via the Nigerian Stock Exchange (NSE) in a regulatory filing […]