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Friday, January 17, 2020

T-bills: Investors Groan As Interest Rates Plunge

T-bills: Investors Groan As Interest Rates Plunge   Investors have registered their displeasure over the consistent decline in the interest rates of Treasury bills. The T-bills market...

Implementation Of 7.5% VAT To Commence February 1 — Minister

Implementation Of 7.5% VAT To Commence February 1 — Minister   The Federal Government will from February 1 begin the implementation of 7.5 per cent Value...

FG Disburses N55.3bn To Youths, Poor Persons In Six Years

FG Disburses N55.3bn To Youths, Poor Persons In Six Years   The Federal Government has disbursed $155 million (about N55.3 billion) out of the $300m World...

Export Of Agro-allied Produce From Port-Harcourt Hits N28.421bn

Export Of Agro-allied Produce From Port-Harcourt Hits N28.421bn   The Nigeria Customs Service (NCS), Area II Command, says export of agro-allied produce from Onne, Rivers State...

Loans: First Bank Commits N10bn To Education

Loans: First Bank Commits N10bn To Education   First Bank of Nigeria Limited has announced that within the last year, it has supported educational institutions in...

FG Seeks New Investment In N155bn Bonds Auction

FG Seeks New Investment In N155bn Bonds Auction   The Federal Government is scheduled to auction N155bn worth of bonds on January 22. The Debt Management Office,...

Customs Intercepts N67m contraband In Just One Week

Customs Intercepts N67m contraband In Just One Week   The Nigeria Customs Service, Federal Operations Unit, Zone A, has announced the interception of N67m worth of...
AGF Ahmed Idris

FG Implements Finance Act, Charges 7.5% VAT On Transactions

FG Implements Finance Act, Charges 7.5% VAT On Transactions   The Federal Government has begun the implementation of some aspects of the Finance Act with the...

Monthly Forex Inflow Rose To $9.84bn – CBN

Monthly Forex Inflow Rose To $9.84bn – CBN   Aggregate foreign exchange (FOREX) inflow into the economy amounted to $9.84bn in November 2019, showing an increase...

Russia, Afreximbank To provide $1.46bn For Ajaokuta Completion

Russia, Afreximbank To provide $1.46bn For Ajaokuta Completion   The Federal Government has said the Russian government and Afreximbank will provide up to $1.46bn to fund...

NTDC Seeks N7.2trn To Effectively Promote Tourism

NTDC Seeks N7.2trn To Effectively Promote Tourism   The Nigerian Tourism Development Corporation (NTDC) has said it needs $4 billion a year and $20bn (about N7.2...

CBN Shifts 2020 Monetary Policy Committee Meeting

CBN Shifts 2020 Monetary Policy Committee Meeting   Central bank of Nigeria (CBN) has rescheduled its first monetary policy committee meeting of 2020 to Jan. 23...

KADIRS Shut Banks Over N294.85m Taxes

KADIRS Shut Banks Over N294.85m Taxes   The Kaduna State Internal Revenue Service (KADIRS) on Tuesday sealed off the First City Monument Bank and Keystone Bank...

Finance Law: Presidency, Minister Differ On Implementation

Finance Law: Presidency, Minister Differ On Implementation   The confusion over the implementation date of the finance law deepened on Tuesday as the Presidency and the...

Recruitment Budget: N1.6bn For Hiring, Training, Says Customs

Recruitment Budget: N1.6bn For Hiring, Training, Says Customs   The Nigeria Customs Service has insisted that the N1.6bn allegedly paid to a consultant to conduct the...

FG Loses Over $7bn Annually To Piracy

FG Loses Over $7bn Annually To Piracy   The Federal Government loses over $7 billion on freight cost yearly to criminal activities on the nation’s territorial...

In Nine Months, 13 Banks Pay N136.84bn Tax

In Nine Months, 13 Banks Pay N136.84bn Tax   Thirteen commercial banks listed on the Nigerian Stock Exchange paid N136.84bn in taxes to the Federal Inland...

Buhari Okays Committees For N2trn Mambilla Power Plant

Buhari Okays Committees For N2trn Mambilla Power Plant   President Muhammadu Buhari, has approved the constitution of two committees for the Mambilla Hydroelectric Power Project in...

BDCs Seek Stake In $25bn Diaspora Remittances

BDCs Seek Stake In $25bn Diaspora Remittances   The Association of Bureaux De Change Operators of Nigeria has said the BDCs should be one of the...

Loans Without Collateral To Drop In Q1, CBN Says

Loans Without Collateral To Drop In Q1, CBN Says   The availability of loans without collateral will fall in the first quarter of the year, the...