Category: Economy

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SEC To Partner Grassroots Groups on Financial Literacy

SEC To Partner Grassroots Groups on Financial Literacy

The Securities and Exchange Commission (SEC) says it would partner various grassroots groups in its financial literacy campaign in its bid to effectiv...
New Excise Duty Not For Made-in-Nigeria Alcoholic Beverages, Tobacco- FG

New Excise Duty Not For Made-in-Nigeria Alcoholic Beverages, Tobacco- FG

Contrary to media reports, Nigeria’s Federal Ministry of Finance said the new excise duty rates on alcoholic beverages and tobacco, which became effec...
CBN To Begin Monthly Assessment Of Banks’ Loan Records

CBN To Begin Monthly Assessment Of Banks’ Loan Records

In view of the high growth rate of bad loans in the books of banks and advice by members of the Monetary Policy Committee (MPC), the Central Bank of N...
Renminbi Intervention: Banks To Earn 50 Kobo Spread On Customer’s Bid- CBN

Renminbi Intervention: Banks To Earn 50 Kobo Spread On Customer’s Bid- CBN

The Central Bank of Nigeria (CBN), on Thursday released its “Regulations for transactions with authorized dealers in Renminbi” on the operations of it...
Again, W’Bank Warns Nigeria Of Likely Debt Service Hiccups

Again, W’Bank Warns Nigeria Of Likely Debt Service Hiccups

• Lowers Country’s 2018 Growth By 0.4% The World Bank Group, on Wednesday lowered its 2018 growth forecast for Nigeria by 0.4%, from the 2.1% rise ...
FG Recovers N30bn From Tax Amnesty Scheme, Issues VAIDS Certificates

FG Recovers N30bn From Tax Amnesty Scheme, Issues VAIDS Certificates

Photo Caption: From left to right, Executive Secretary, Joint Tax Board (JTB), Oseni Elamah (left); Chairman of Federal Inland Revenue Service (FIRS),...
Crude Oil Accounts For 76% Of Nigeria’s N4.69tr Q1 Exports, Says NBS

Crude Oil Accounts For 76% Of Nigeria’s N4.69tr Q1 Exports, Says NBS

The latest report by the National Bureau of Statistics (NBS), on Wednesday showed that Nigeria’s foreign trade in goods grew by 56% year-on-year to N4...
SEC Woos Quoted Companies With Fiscal Incentives To Deepen Market

SEC Woos Quoted Companies With Fiscal Incentives To Deepen Market

Perhaps bowing to age-long pressure, the Securities and Exchange Commission (SEC) gave its support for some form of fiscal incentives for companies li...
CBN Spent $15.816bn On Naira Stability In 2017- Report

CBN Spent $15.816bn On Naira Stability In 2017- Report

A new report by the Central Bank of Nigeria (CBN) says the apex bank spent a total of $15.816bn on direct intervention in the nation’s foreign exchang...
CBN Boosts FX Liquidity With $331.41m At SMIS

CBN Boosts FX Liquidity With $331.41m At SMIS

In continuation of its push to guarantee foreign exchange liquidity, the Central Bank of Nigeria (CBN) on Friday, June 1, 2018 sold a total of $331.41...
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