Afreximbank is providing a one-billion-dollar adjustment facility to cushion the effect of sudden significant tariff revenue losses, arising from the implementation of the African Continental Free Trade Area (AfCFTA). Theophilus Emuwa, Managing Partner at Aelex joins CNBC Africa for more.
The Federal High Court in Lagos has ruled against the preliminary objection filed by Nigeria's Attorney General in response to the three billion Naira suit filed against him by telecoms operator MTN Nigeria. The court ruled that MTN Nigeria met the deadline to respond to the tax demand levelled by the Attorney General of the Federation. Theophilus Emuwa, Managing Partner at AELEX joins CNBC Africa to discuss this story.
The Federal government of Nigeria has begun the implementation of a new tariff model for its Treasury Single Account where payers will bear the transaction costs to its ministries, departments and agencies from the first of November. Theophilus Emuwa, Founding Partner at AELEX joins CNBC Africa to discuss the implications of this development.
Nigeria's Federal Inland Revenue Service generated over 2 trillion naira in the first half of this year representing 75 percent of its annual target. So what strategies should the agency adopt to tackle the issue of tax evasion in Nigeria; Theophilus Emuwa, Managing Partner at Aelex joins CNBC Africa to discuss this.
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