Comply with the Stamp Duty Act – FIRS

The Federal Inland Revenue Service (FIRS) has issued a public notice reminding taxpayers of their obligation to comply with the provisions of Section 4 (1) of the Stamp Duties Act Cap S8 (as amended). The revenue collecting agency also reminded the public that it is the only competent authority to impose, charge and collect duties... Continue Reading →

CBN Lifts Suspension of Cheque Clearing

The Central Bank of Nigeria (CBN) has lifted the temporary suspension of cheque clearing in Nigeria. The temporary suspension was as contained in an earlier circular dated March 30, 2020. In the latest circular to all Deposit Money Banks/Nigeria Inter-Bank Settle System, the apex bank said that the lifting is in furtherance of its effort... Continue Reading →

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