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Federal High Court Holds that FIRS Lacks the Powers to Impose Turnover Assessment on the Value of Properties

On 29 November 2018, the Federal High Court (the Court) delivered a Judgment on the imposition of turnover assessment in a case between Theodak Nigeria Limited (Theodak) v Federal Inland Revenue Service (FIRS).  Based on the Judgment, the FIRS acted ultra vires the powers granted to it under the Companies Income Tax (CIT) Act, by imposing turnover assessment on Theodak based […]

NACCIMA Remains Non Political – Alaba Lawson

Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA, has distanced self from a report in a national daily, saying it has endorsed PDP presidential candidate, Atiku Abubakar’s plan to privatise NNPC. Reacting, the President of NACCIMA, Mrs. Alaba Lawson, insisted that the body remains apolitical, focusing on promoting and advocating for conducive […]

Belarus seeks Abuja Chamber’s support to organise business summit in Nigeria 

By Lubem Gena In view of its strategic importance in connecting Nigerian businessmen to the outside world, the Abuja Chamber of Commerce and Industry (ACCI) has been approached to provide the necessary support that would make for successful business summit. While tabling their request to the president of the chamber, Prince Adetokunbo Kayode, the Belarus […]

Abuja Chamber, Hungary to establish agric demonstration farm

By Lubem Gena, Abuja Discussions have opened between the Abuja Chamber of Commerce and Industry (ACCI) and the Embassy of Hangary to establish a one hectare demonstration farm in Abuja, the Nigerian capital city. This indication emerged during a partnership meeting held between the President of the chamber, Prince Adetokunbo Kayode and the Economic Counsellor […]

Why Nigeria, India must sustain economic and technical ties

Prince Adetokunbo Kayode, CON., SAN  India and Nigeria enjoy warm, friendly and deep-rooted bilateral relations. India established its Diplomatic House in Lagos, Nigeria in November 1958 even before our independence in 1960. Both countries were in the forefront of international anti-colonial, nonaligned and later anti-apartheid struggles. Close collaboration on diverse global issues in international fora […]

Identify your opportunities, and do not let the unicorn go!

By Prof. Adesoji Adesugba, DBA I have always pondered at the word “opportunity” and how it affects our lives. The oxforddictionaries.com defines the noun “opportunity” as “a time or set of circumstances that makes it possible to do something” To have a greater understanding of the word “opportunity”, I decided to check the synonyms, and […]

END OF YEAR PRESS BRIEFING BY IYALODE ALABA LAWSON, NACCIMA NATIONAL PRESIDENT

END OF YEAR PRESS BRIEFING BY IYALODE ALABA LAWSON, MFR, FIoD, JP, NATIONAL PRESIDENT OF THE NIGERIAN ASSOCIATION OF CHAMBERS OF COMMERCE, INDUSTRY, MINES AND AGRICULTURE (NACCIMA) HELD AT THE NACCIMA SECRETARIAT, IKEJA LAGOS, ON FRIDAY, 28TH DECEMBER 2018. 1.0 INTRODUCTION Distinguished Gentlemen of the Press, on behalf of the Council, Executive Committee and entire […]

Prof. Adesugba’s speech at ‘National Colloquium and Achievers Award for Science and Technology’

National Colloquium and Achievers Award for Science and Technology. Theme: Accelerating Economic Growth & Competitiveness through Science Technology and Innovation Strategy. Topic: Science and Technology the Basis for Economic Development. Protocol: Distinguished Ladies and Gentlemen It is a great honor for me to be invited as a guest speaker to this maiden edition of the […]

Introductory Gemology, Gems grading and Identification training underway in Abuja

By Lubem Gena, Abuja A training organised by Gemological Institute of Nigeria (GIN) in partnership with the Abuja Chamber if Commerce and Industry (ACCI) Business Entrepreneurship Skills and Technology (BEST) Centre is underway in Abuja. This is the first of its kind in Nigeria. The training tagged: Introductory Gemology, Gems grading and Identification is aimed at […]

PALU President charges African heads of state and governments to pay living wages

The President of the Pan African Lawyers Union (PALU), Chief Emeka Obegolu has urged Heads of State and Heads of Government in Africa to adopt a living wage as minimum wage in Africa. He spoke during the 2nd African Union Commission National Association of National Human Rights Institutions held at the African Union Conference Centre […]

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