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FHC Overturns TAT Judgment On The Basis For Computing Balancing Charge On Petroleum Assets - Tax

To print this article, all you need is to be registered or login on Mondaq.com. The Federal High Court (FHC or "the Court") Lagos Division, on Monday 28 September 2020, overturned the judgment of the Tax Appeal Tribunal (TAT or "the Tribunal) in the appeal between the Federal Inland Revenue Service (FIRS or "the Appellant") and Total E&P Nigeria Limited (Total or "the Respondent") by ruling that petroleum investment allowance (PIA) should be included in the computation o...
Federation Of Nigeria Petroleum Profit Tax Act Cap Revenue Service Oil Mining Leases Omls Ep Nigeria Limited High Court
Source: mondaq.com

Fino Payments Bank says inclusion in commercial bank list to boost biz

Fino Payments Bank on Wednesday said it will be able to improve its business prospects further as the RBI has included it in the category of a scheduled commercial bank. The Reserve Bank on Tuesday said it has included Fino Payments Bank in the Second Schedule of the Reserve Bank of India Act, 1934. The scheduled commercial bank, also called scheduled bank, status allows Fino to enhance its banking position in the treasury and participation in liquidity adjustment facility (LAF) window as per...
Fino Payments Bank Bank On Second Schedule Of The Reserve Bank Fino Payments Bank On Reserve Bank Second Schedule

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Bill to decentralise minimum wage divides Reps

Punch Newspapers Sections Leke Baiyewu, Abuja Members of the House of Representatives were, on Tuesday, divided over a bill seeking to allow states to individually determine the minimum wage suitable for them. Presently, the Federal Government maintains the exclusive powers to negotiate and determine the national minimum wage for workers across the three tiers of government in Nigeria. On Tuesday, a bill seeking an amendment to the 1999 Constitution by removing matters relating to wages from t...
Abuja Federal Capital Territory Kano State Federal Republic Of Nigeria Kaminu Suleiman Dave Umahi Muhammadu Buhari

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