Nigerians To Pay VAT For Digital Services, Says Finance minister   Nigerians may have to pay more for digital services as the Federal Government has introduced a policy requiring foreign companies that provide digital services in the country to collect and...

CBN’s Quarterly Forex Intervention Declines By $930m   The Central Bank of Nigeria’s foreign exchange intervention in the economy declined by $930m in the third quarter of 2021 to $4.03bn from $4.96bn in Q2. The CBN disclosed this in its report on...

Fed Govt Plans N250bn Lifeline For MSMEs   The Federal Government plans to disburse N250bn as loans to Medium-scale, Small and Micro Enterprises to boost job creation across the country. According to the National Development Plan 2021–2025 (Volume II), the Federal Government...

Senate Probes BPE, Alleges Unremitted $679.4m Rent On Ports’ Concession   The Senate Committee on Public Accounts has begun an investigation of the Bureau of Public Enterprises for allegedly failing to remit $679.4m realised from the concession of various ports to...

Bank Of Agric Distressed Over Bad Loans, Others – Auditor Ceneral   The Office of the Auditor-General of the Federation has said the Bank of Agriculture may have become distressed as a result of its inability to meet its obligations and...

Buhari Replaces Ararume With Okadigbo’s Widow As NNPC Board Chair   President Muhammadu Buhari has approved the appointment of the Board and Management of the Nigerian National Petroleum Company (NNPC) Limited, with Senator Margret Chuba Okadigbo, representing the Southeast, as Board...