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Breaking: Buhari Announces Fowler’s Replacement, He Is Muhammad M. Nami

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Fowler

President Muhammadu Buhari has failed to renew the appointment of Babatunde Fowler, Chairman of the Federal Inland Revenue Service (FIRS).

Fowler’s tenure expired today 9 December. A statement by the Presidency is quoted to have said that Fowler is expected to hand over to the most senior director on the board who will take charge.

He will be replaced by Muhammad M. Nami, following the confirmation of a new board by the Senate. Muhammad M. Nami’s nomination was conveyed in a letter Buhari sent to the Senate, on the composition of a new board for the revenue agency.

The board is composed of a member representing each of the six geographical zones and statutory representatives from a select number of ministries and government agencies.

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Nami is described as a well-trained Tax, Accounting, and Management professional with highly rated qualifications and professional practice and licenses from relevant professional bodies”.

He has almost three decades of practical working experience in Auditing, Tax Management and Advisory and Management services to clients in the banking, manufacturing, services and public sectors as well as non- profit organisations.

A graduate of Bayero University Kano and Ahmadu Bello University, Zaria where he obtained a Bachelor’s Degree in Sociology (1991) and a Masters of Business degree (2004) respectively. He is also a fellow of Chartered Institute of Taxation of Nigeria, Institute of Debt Recovery Practitioners of Nigeria and Associate Member of Nigerian Institute of Management (Chartered) and Association of National Accountants of Nigeria.

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He started his career with PFK in 1993 and rose to the position of a Senior Consultant in charge of Tax management and advisory services. He is currently the managing consultant of Manam Professional Services (Chartered Tax Practitioners and Business Advisers) based in Kaduna, Abuja, Niger State.

He has served and is still serving, on many companies’ Board and Statutory Board Audit Committees. He was appointed as a member, Presidential Committee on Audit of Recovered Stolen Assets in November 2017 by President Buhari.

 

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Nigeria Economic Outlook 2020: Jumia Chairwoman, Finance Minister, others to discuss new Finance Act impact on local businesses

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As the Federal Government of Nigeria sets to commence the implementation of the Finance Act 2019, the Chairwoman of Jumia Nigeria, Mrs Juliet Anammah will be joining the Finance Minister, Hajia Zainab Ahmed and other experts on Tuesday January 28 to lead a panel discussion on the implications of the new Finance Act at the Nigeria Economic Outlook 2020.

The experts are expected to take a holistic view of the provisions of the Act along the lines of its major components while proffering solutions for an effective administration of the policy.

Joining Anammah and the Honourable Minister are Chief Executive Officer of Chapel Hill Denham, Bolaji Balogun; Yomi Olugbenro, Partner and West Africa Tax Leader at Deloitte; Dinesh Rathi, Managing Director/Chief Executive Officer, Lagos Free Trade Zone (Tolaram Group) and Eme Essien Lore, Country Manager, International Finance Corporation. The panelists will deliberate on the policy as Nigerians brace up for its implementation.

The panelists will focus on key aspects of the Finance Act 2019 such as digital economy, global competitiveness and remodeling for full VAT system to grow the Nigerian economy. In addition, they will discuss issues around how the new Act affects the Value Added Tax (VAT), Companies Income Tax Act (CITA), Personal Income Tax Act (PITA), Petroleum Profit Tax Act (PPTA), Capital Gains Tax Act (CGTA), Customs and Excise Management Act (CEMA) and Stamps Duties Act (SDA).

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It would be recalled that in 2018, the Nigerian government set in motion an amendment to the existing fiscal policy in the country. A major highlight of the review was the value added tax, which by the 2019 Act has been reviewed upwards to 7.5% from 5%.

Although the enactment of the Act has generated some criticism among Nigerians, the government had maintained that the new Act would serve the country well in terms of its fiscal administration in the long run. The 2019 Financial Act seeks to promote fiscal equity, align domestic laws with global best practices and support Micro, Small and Medium Enterprises (MSMEs). The provisions of the policy will also increase government revenues and stakeholders’ investments in capital and investment market through the introduction of incentives.

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About Jumia

Jumia is a leading e-commerce platform in Africa. It is built around a marketplace, Jumia Logistics, and JumiaPay. The marketplace helps millions of consumers and sellers to connect and transact. Jumia Logistics enables the delivery of millions of packages through our network of local partners. JumiaPay facilitates the payments of online transactions for Jumia’s ecosystem. With over 1 billion people and 500 million internet users in Africa, Jumia believes that e-commerce is making people’s lives easier by helping them shop and pay for millions of products at the best prices wherever they live. E-commerce is also creating new opportunities for SMEs to grow, and job opportunities for a new generation to thrive.

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ZENITH BANK EMPOWERS NIGERIAN SMES, PARTNERS FACEBOOK ON SME DIGITAL WORKSHOP

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Zenith Bank

 

Nigeria’s leading financial institution, Zenith Bank Plc, has reaffirmed its commitment to support local Small and Medium Scale Enterprises (SMEs) with the introduction of the ‘Zenith Bank SME Digital Workshop’ to provide free digital training for business owners.

The initiative, which is being organized in partnership with social media giant Facebook, will provide free training on how SMEs can use digital platforms such as Facebook, Instagram and WhatsApp to grow their businesses.

Commenting on the initiative, the Group Managing Director/Chief Executive, Mr. Ebenezer Onyeagwu, noted that the SME ecosystem is a very important component of the Nigerian economy and the digital workshop is expected to assist participants optimally use digital channels to engage potential customers, market their products and increase sales.

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The workshop is scheduled to hold on Wednesday, January 29th and Thursday, January 30th, 2020 by 08:30 a.m. at the following Zenith Bank branches: 23, Oba Akran Avenue, Ikeja, Lagos; 201, Ikorodu Road, Obanikoro, Ilupeju, Lagos; and 2, Aromire Road, Ikoyi, Lagos.

The Zenith Bank SME Digital Workshop is free for everyone. To register, send an email with the subject “Zenith Bank SME Digital Workshop” to smepartnership@zenithbank.com. The email should state the name of the participant and preferred venue of attendance.

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Zenith Bank Plc is recognized as one of the most innovative financial institutions in Nigeria and was voted the most customer-focused bank in Nigeria for the Retail and SME segments in the 2018 KPMG Annual Banking Industry Customer Satisfaction Survey (BICSS). Most recently, the bank won the Best Bank in Retail Banking and the Bank of the Year at the 2019 BusinessDay Banks and Other Financial Institutions (BOFI) Awards and was ranked as the Best Digital Bank in Nigeria 2019 by Agusto & Co.

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Ugo Set To Take Music Industry By Storm

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Ugo

 

German-based Nigerian music artiste, Ugo, has started the year with a bang, as he recently dropped a new single titled ‘Life Is Banana’.

The song is currently receiving positive reviews among Afrobeat music lovers.

Off the current rave from ‘Life Is Banana’ single, he has also revealed plans for future collaborations.

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Known to have consistently dropped singles since making his debut in 2014, the Ihitenansa, Imo State-born artiste is proud of his roots, as he maintains his real name, “Ugonna” and plays a vibe which crisscrosses between local and international vibes.

Already working on an RnB song likely to be released on 14 February, there is no doubt that lovers of good music will be hearing more from the artiste this year through his thrilling melody and sensational rhythm that has seen him maintaining his consistency.

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