July 13, 2023. Azonuchechi Chukwu. From the Central Bank of Nigeria (CBN) yesterday came a directive to International Money Transfer Operators (IMTOs): pay dollars received through Diaspora remittances to domestic beneficiaries in naira. A circular to banks, IMTOs and the public by CBN Director, Trade and Exchange Department, O.S Nnaji, listed 62 approved IMTOs to |
CBN directs payment of dollar receipts in naira | The Nation Newspaper thenationonlineng.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationonlineng.net Daily Mail and Mail on Sunday newspapers.
CBN Directs Banks To Pay Dollar Receipts In Naira sundiatapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sundiatapost.com Daily Mail and Mail on Sunday newspapers.
Oluchi Chibuzor
The federal government has declined applications from 10 companies seeking pioneer status under the industrial development Income Tax Relief Act (IDITRA).
This is according to the Nigerian Investment Promotion Commission (NIPC) report on Pioneer Status Incentive (PSI) applications for the first quarter of 2021 (Q1 2021).
The PSI is a tax holiday that grants qualifying industries and products relief from payment of corporate income tax for an initial period of three years, extendable for one or two additional years.
According to NIPC, the pioneer industries eligible for this tax incentive are agriculture, mining and quarrying, manufacturing, electricity and gas supply, waste management, construction, trade, information and communication, professional services, financials, and administrative services.
FG rejects tax relief applications from Flutterwave, Flour Mill, 8 others nairametrics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nairametrics.com Daily Mail and Mail on Sunday newspapers.