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Labour lauds FIRS for boosting FG’s revenue

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The Association of Senior Civil Servants of Nigeria (ASCSN) has commended the Federal Inland Revenue Service (FIRS) for boosting government’s revenue via stamp duty collection.

Mr Alade Lawal, the association’s Secretary-General said in Lagos on Monday that the FIRS remittance of N66 billion to the Federation account within the first five months was remarkable.

“When juxtaposed against the N18 billion realised from stamp duty collection between January and December 2019, the N66 billion raked in between January and May will be recognised as a rare feat indeed.

“Also, it is a clear testimony that the FIRS management team is discharging its duties creditably,” Lawal said in a statement.

He, therefore, called on the Presidency, FIRS management and the general public to disregard disinformation by some people masquerading as trade unionists to disparage the high profile performance.

“Indeed, these retrogressive elements desperately seeking relevance and public attention should be declared persona non-grata in a strategic organ of the government such as the FIRS,” Lawal said.

The ASCSN boss noted that Section 4(1) of the Stamp Duty Act, vested the FIRS with sole authority to impose, charge and collect stamp duties.

According to him, this is upon instruments specified in the Schedule of the Stamp Duties Act where such duties relate to matters between a company and an individual, group or body of individuals.

“The relevant tax authority in a state, by Section 4(2) of the act is empowered to collect stamp duties on instruments executed by individuals at such rate as may be determined by the act.

“Previously, the FIRS collects stamp duties on instruments executed by an individual resident in the Federal Capital Territory (FCT).

“However, this has ceased upon the creation of the FCT Internal Revenue Service. What should become self-evident from the above is that all relevant legal instruments on stamp duties collection are vested on the FIRS,” he said.

Lawal urged the FIRS management to keep up the good work and ensure that by the end of 2020, revenue collected from stamp duties should be unparalleled in the history of the organisation.

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Exchange Rate

Dollar to naira exchange rate today 24 January 2022

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dollar to naira exchange rate

FELLOW PRESS reports news on the dollar to naira exchange rate today 24 January 2022.

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦414.53 and sold at ₦415.53, making an average of  ₦415.03 for $1 on Friday January 21.

How Much Is Dollar To Naira Exchange Today At Official Rate?

The official rate today, dollar exchange to naira opened at ₦414.76 on Friday January 20, and closed at ₦416.00 on Friday January 21. This amount to 0.05 per cent decrease for naira against dollar.

The CBN adopts the NAFEX rates from FMDQ, signifying that all exchange rate transactions involving the public and the private sector will reference the prevailing NAFEX rate as its official exchange rate.

It is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

Daily turnover at the forex market stands at ₦142.42m.

How Much Is Dollar To Naira Exchange Today at Bank Rate?

Each commercial banks is at their discretion to fix forex exchange rate. Factors can range from currency availability, demand against the prevailing rate.

See below bank rate of dollar to naira:

GTbank: ₦ 480

Ecobank: ₦ 480

Access Bank: ₦470

UBA: ₦510

Sterling Bank: ₦480

FCMB: ₦480

Fidelity: ₦533

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Monday January 24, 2022 opened at ₦570 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

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Exchange Rate

Dollar to naira exchange rate today January 2022

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dollar to naira exchange rate

FELLOW PRESS reports news on the dollar to naira exchange rate today 21 January 2022.

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦414.45 and sold at ₦415.45, making an average of  ₦414.95 for $1 on Thursday January 20.

How Much Is Dollar To Naira Exchange Today At Official Rate?

The official rate today, dollar exchange to naira opened at ₦415.42 on Thursday January 20, and closed at ₦416.33 on Thursday January 20. This amount to 0.07 per cent increase for naira against dollar.

The CBN adopts the NAFEX rates from FMDQ, signifying that all exchange rate transactions involving the public and the private sector will reference the prevailing NAFEX rate as its official exchange rate.

It is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

Daily turnover at the forex market stands at ₦90.42m.

How Much Is Dollar To Naira Exchange Today at Bank Rate?

Each commercial banks is at their discretion to fix forex exchange rate. Factors can range from currency availability, demand against the prevailing rate.

See below bank rate of dollar to naira:

GTbank: ₦ 480

Ecobank: ₦ 480

Access Bank: ₦470

UBA: ₦510

Sterling Bank: ₦480

FCMB: ₦480

Fidelity: ₦533

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Friday January 21, 2022 opened at ₦570 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

Continue Reading

Exchange Rate

Dollar to naira exchange rate today 20 January 2022

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dollar to naira exchange rate

FELLOW PRESS reports news on the dollar to naira exchange rate today 20 January 2022.

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦414.3 and sold at ₦415.3, making an average of  ₦414.8 for $1 on Thursday January 20.

How Much Is Dollar To Naira Exchange Today At Official Rate?

The official rate today, dollar exchange to naira opened at ₦415.24 on Tuesday January 18, and closed at ₦416.33 on Monday January 17. This amount to () per cent increase for naira against dollar.

The CBN adopts the NAFEX rates from FMDQ, signifying that all exchange rate transactions involving the public and the private sector will reference the prevailing NAFEX rate as its official exchange rate.

It is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

Daily turnover at the forex market stands at ₦124.57m.

How Much Is Dollar To Naira Exchange Today at Bank Rate?

Each commercial banks is at their discretion to fix forex exchange rate. Factors can range from currency availability, demand against the prevailing rate.

See below bank rate of dollar to naira:

GTbank: ₦ 480

Ecobank: ₦ 480

Access Bank: ₦470

UBA: ₦510

Sterling Bank: ₦480

FCMB: ₦480

Fidelity: ₦533

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Thursday January 20, 2022 opened at ₦570 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

Continue Reading

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