Economic Confidential

SEC Toughens Stance on Illegal Fund Managers

SEC Toughens Stance on Illegal Fund Managers The Securities and Exchange Commission, SEC has restated it’s determination to go after illegal fund managers and ensure they are made to face the full wrath of the law. Acting Director-General of the SEC,...

Banking sector gross credit Increases by N2trn in 7 months – Emefiele

Banking sector gross credit Increases by N2trn in 7 months – Emefiele The Central Bank of Nigeria (CBN) says the Banking Sector Gross Credit has grown by two trillion naira in seven months. The CBN Governor, Mr Godwin Emefiele disclosed this...

Three Trucks of Smuggled Sweets, Green Tea Impounded By Customs

Three Trucks of Smuggled Sweets, Green Tea Impounded By Customs The Nigeria Customs Service (NCS), Federal Operations Unit, Zone B, has seized three trucks carrying cartons of sweets, green tea and cosmetics smuggled into the country. The Controller of the unit,...

SGF Pledges Support For FIRS Chaiman, Board

SGF Pledges Support For FIRS Chairman, Board Secretary to the Government of the Federation (SGF), Mr. Boss Mustapha, has pledged his support for Executive Chairman, Federal Inland Revenue Service (FIRS), Mr Mohammed M. Nami and Service's Board. The SGF made the...

NCC, CIPPON Partner to Check Copyright Piracy in Printing Industry

NCC, CIPPON Partner to Check Copyright Piracy in Printing Industry The Nigerian Copyright Commission (NCC) and the Chartered Institute of Professional Printers of Nigeria (CIPPON) have renewed their commitment to fine-tuning the regulatory regime to enhance copyright protection in the...

CBN Changes gear, Move CRR to 27.5%

CBN Changes gear, Move CRR to 27.5% The monetary Policy committee of the Central Bank of Nigeria (CBN) has announced its decision to move the Cash Reserve Ratio (CRR) formerly at 22.5% to 27.5%. Speaking to newsmen after the committee’s meeting...
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