News
PoS Agents Will Not Pay Monthly Tax To Authorities – CAC Registrar
The Registrar General of the Corporate Affairs Commission (CAC) Ishaq Magaji, SAN, has cleared the air over the outcry of remitting monthly taxes to authorities by Point of Sales (PoS)’ operators after their registration.
The RG in an interview with Trust Radio, a subsidiary of Media Trust Group, disclosed that PoS operators would be registering under the ‘Business Name’ category which does not require tax returns.
Recall that CAC had recently directed PoS terminals whether as agents, merchants or individuals, to register with the agency before commencement of business.
The move has seen many PoS agents protest the directive, arguing that the registration will impact on their transactions and would deplete the profits in the business and force them out of operation.
The RG said: “If you are paying tax to the FIRS, you must be a Limited Liability Company, but these ones are registering under business name, except if the state government captures them, their taxes go to the state government.
“The only thing they will be required to do is a yearly profile update with the agency in case of any changes.”
The RG also stated that the commission is presently training staff to work 24 hours to meet the demand of the people.
Magaji said the registration for PoS operators will close by the 7th of July, 2024.
News
Just in: Total darkness looms as National Grid collapses the 12th time
Again, the national grid has collapsed again making it a record eleventh blackout experienced by Nigerians.
A BusinessDay report quotes data obtained from the Nigerian System Operator’s portal (niggrid.org), as indicating that the collapse occurred at 1:56 p.m.
This incident follows a pattern of instability, with the grid suffering about 12 consecutive collapses in 2024,” the report says.
It adds that the cause of the latest failure is yet to be disclosed.
News
Commissioner fired By Kano Gov Dumps NNPP For APC
By Kayode Sanni-Arewa
L R: Chairman of the APC in Kano State, Prince Abdullahi Abbas, former commissioner for Rural and Community Development in Kano State, Hon Abbas Sani Abbas and the Deputy President of the Senate, Senator Barau I Jibrin when the ex-commissioner joined the APC at the residence of Senator Barau in Kano on Friday.
Abbas Sani Abbas, former Commissioner for Rural and Community Development in Kano State, has officially dumped the New Nigeria People’s Party (NNPP), and joined the All Progressives Congress (APC).
The announcement was made during his visit to a prominent APC leader in Kano, where he pledged his allegiance to the ruling party.
Hon. Abbas, known for his grassroots mobilization and dedication to community development, explained his decision to switch parties.
“I believe the APC offers the platform to achieve the vision of a better Kano and a stronger Nigeria. My move is guided by a desire to contribute more effectively to good governance and development,” he stated during his visit.
The defection was celebrated by top APC leaders in Kano, including the party’s state chairman, Prince Abdullahi Abbas, popularly known as Ɗan Sarki, Jikan Sarki, and other key stakeholders.
Welcoming Hon. Abbas to the party, the APC leader commended his decision and assured him of full support. “Hon. Abbas Sani Abbas is a dedicated grassroots mobilizer and a leader committed to the service of humanity. We are proud to have him join our great party,” he remarked.
Speaking further, the APC leader emphasized the party’s commitment to inclusivity and development. “Together, we will continue to promote the values of good governance, inclusivity, and service to humanity. This is a significant moment for our party in Kano as we strengthen our ranks with capable individuals like Hon. Abbas,” he added.
Prince Abdullahi Abbas also expressed confidence that the former commissioner’s experience and dedication would add value to the party’s efforts in Kano State and beyond.
Party loyalists and political observers in Kano have hailed the defection as a significant boost for the APC, particularly in its grassroots mobilization efforts. Many believe Hon. Abbas’s entry into the APC will solidify the party’s influence in rural communities across the state.
Hon. Abbas concluded by expressing optimism about his new political journey. “I am fully committed to working with the APC leadership to ensure a brighter future for Kano State and Nigeria as a whole,” he said.
News
Tinubu Jets Out Of Abuja On 5-Day Trip
By Kayode Sanni-Arewa
President Bola Tinubu is expected to leave Nigeria for an international event in Abu Dhabi.
He is expected to participate in the 2025 edition of Abu Dhabi Sustainability Week (ADSW 2025).
In a statement signed by Bayo Onanuga, Presidential spokesman on Friday, His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, invited President Tinubu to attend the Summit, which will take place in the emirate from January 12 to 18.
“The Summit will bring together global leaders to accelerate sustainable development and advance socioeconomic progress.
The event, ‘The Nexus of Next; Supercharging Sustainable Progress,’ will enable policymakers, business, and civil society leaders to explore pathways to fast-track the transformation to a sustainable economy and evolve a new era of prosperity for all.
“ADSW, a testament to the power of collaboration, has been held annually for over 15 years. It provides a global platform to foster multi-stakeholder cooperation in addressing global challenges and accelerating growth.
“It has birthed high-value agreements and strategic partnerships between governments, industry leaders, and clean energy pioneers worldwide, driving impactful alliances and advancing the sustainability agenda worldwide.”
Onanuga said the President would use the summit to stress his administration’s reforms, including those related to energy sufficiency, transportation, public health, and economic development.
The Nigerian leader and his entourage would also meet with the emirate’s leadership to discuss issues of interest affecting the two nations.
The Minister of Foreign Affairs, Ambassador Yusuf Tuggar, and other senior government officials will accompany the President.
“He will return to Nigeria on Thursday, January 16.” Onanuga said.
At the time of filing this report, Preparations to take off were being made.
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