Business
e-Naira Challenges: CITN Seeks Synergy Of Revenue Services

The Chartered Institute of Taxation of Nigeria (CITN) has said there is a need for synergy between the Federal and State Inland Revenue Services and the Central Bank of Nigeria (CBN) to deal with a tax audit and investigation implications.
The institute said the need was necessary following the perspective of the e-Naira design and architecture.
Fellow of CITN, O. J. Samuel in his presentation on ‘Nature and Implications of Digital Currency and e-Naira for Taxation’, at a business luncheon by the institute, said the FIRS and every SIRS will need to work with the CBN on the possibility of deploying an Application Programme Interface (API).
The API, he mentioned, uses the Bank Verification Number (BVN) and Taxpayer Identification Number (TIN) of taxpayers to extract the e-Naira wallet transactions log for relevant periods.
Earlier in his opening remarks, President, CITN, Adesina Adedayo, who noted that the tax system is the veritable means of growing and developing the economy globally, said the programme was instituted by the body to deliberate, interact and discuss issues centred on taxation and other national issues.
He said the objectives of the programme were to review government policy decisions and their potential impact on the economy and the tax system and to provide a feedback mechanism for policymakers and the government.
He added that it would bring to the fore issues in tax administration that impact the ease of paying taxes and doing business as well as citizens’ expectations from the government and its agencies for effective service delivery.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Maritime2 days ago
Minister Tasks Academy On Thorough-Bred Professionals
-
Maritime2 days ago
Customs Cautions On Delayed Clearance, Says Consignees May Lose Cargo
-
Maritime2 days ago
NCS Sensitises Stakeholders On Automated Overtime Cargo Clearance System
-
Maritime2 days ago
Lagos Ready For International Boat Race–LASWA
-
Maritime2 days ago
Shoprite Nigeria Gets New Funding to Boost Growth, Retail Turnaround
-
Politics2 days ago
I Would Have Gotten Third Term If I Wanted – Obasanjo
-
Sports2 days ago
Bournemouth, Newcastle Share Points
-
Sports2 days ago
Iwobi Stars As Fulham Overcome Brentford