Fed Govt Grows VAT By 20%, Rakes In N1.2trn   The Federal Government through the Federal Inland Revenue Service has grown its proceeds of Value of Added Tax by 20 per cent to N1.2tn in the first six months of 2022. According...

CBN Moves Against Defaulting Anchor Borrowers   The Central Bank of Nigeria (CBN) has moved against beneficiaries of its Anchor Borrowers Programme who have failed to pay back their loans. The NIRSAL Microfinance Bank Limited (NMFB), has published the names of some...

SEC Declares N2.5bn Surplus, Reduces Workforce By 30%   The Director General of the Securities and Exchange Commission (SEC), Mr. Lamido Yuguda has said the commission reduced its workforce by almost 30 per cent disclosing that at the end of the...

In Five Years, Banks Attracted $15.8bn Foreign Capital Flow   From 2017 till the end of last year, Nigeria’s banking sector received a total of $15.83 billion in foreign capital, a telling reflection of the sector’s attraction to the international market. The...

Reps Grills OAGF Over Failure To Provide Evidence Of 25% Of N6bn Generated By SEC   The House of Representatives Committee on Finance, yesterday, questioned the office of Accountant General of the Federation (oAGF) for failing to provide evidence of 25...

Forex Crisis, Insecurity Slash Capital Inflows By 23%   Insecurity and lingering foreign exchange crisis have forced the capital importation into Nigeria to decline further by 23 per cent. Capital Importation measures the aggregate of foreign investments into an economic entity within...