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Abuja
Sunday, September 15, 2019

FG Generates 55% of VAT from Lagos –Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, has said that 55 per cent of the revenue generated by the Federal Government from Value Added...

Stock Market Rebounds, Records First Gain In 12 Days

Stock Market Rebounds, Records First Gain In 12 Days The nation’s stock market closed on a positive note at the end of trading on Monday...
Naira Dollar

Naira Drops to 382 as Dollar Scarcity Bites Harder

  The naira dropped to 382 against the United States dollar at the parallel market on Monday, down from the 380 it closed on Friday. The...

FIRS Hits N5.3trn Revenue Collection

FIRS Hits N5.3trn Revenue Collection …..Targets N8trn in 2019 …. e-TCC hits 59,350 The Federal Inland Revenue Service, FIRS, re-wrote Nigeria’s tax collection history in 2018, when...

NAICOM Met with CBN Over Bancassurance

The National Insurance Commission (NAICOM) on Friday said it had held a meeting with the Central Bank of Nigeria (CBN) to reinstate the sale...

World Bank Energy Financing In Nigeria, Others Increase By $7.7bn

World Bank Energy Financing In Nigeria, Others Increase By $7.7bn   The World Bank has stated that it has exceeded its financing target in new energy...

As Oil Price Slump, FAAC Disbursements Drop In 2019 Q1

As Oil Price Slump, FAAC Disbursements Drop In 2019 Q1 The fall in oil prices slightly affected government earnings in the first quarter of 2019...

VAT Generates N312bn In 3 Months

VAT Generates N312bn In 3 Months   The Federal Government generated N311.94bn between April and June; statistics provided by the National Bureau of Statistics have shown. In...
Naira Dollar

Naira Appreciates at Interbank Market

The Nigerian local currency, Naira has gained 50k to exchange at N305.00 to a dollar at the interbank market on Monday November 21, 2016. The...

Audit Report that Exposed the Rot in the Banking Sector

Many people did not actually know the gory details of how the sacked chief executives of the eight banks ruined their banks, if not...

Stock Market Investors Gain N1.461tn in Three Months

Stock market investors (equities only) in the country recorded an appreciation in value of N1.461tn on their investments in the second quarter of this...

In 12 Months, FG Generates N39bn From Passport Issuance, Others

In 12 Months, FG Generates N39bn From Passport Issuance, Others The Nigeria Immigration Services generated a total of N39.06bn through issuance of passports and other...

Forex: CBN Provides $370.8m for 23 Banks

The Central Bank of Nigeria has carried out a wholesale intervention in the interbank foreign exchange market with the release of $370.8m to 23...

Nigeria’s Richest States: Lagos Leads in IGR, 15 States Not Viable

… Lagos Generates More IGR than 32 States Combined … Rich States: Lagos, Rivers, Delta, Ogun, Edo …Poor States: Yobe, Zamfara, Ekiti, Borno, Kebbi An investigation by...

China’s foreign reserves hit $3tn

China’s foreign exchange reserves unexpectedly rose for the first time in eight months in February, rebounding above three trillion dollars as a regulatory crackdown...

CITN, Others Insist Tax Remains Sustainable Revenue, Seek Professionalism

CITN, Others Insist Tax Remains Sustainable Revenue, Seek Professionalism   The Chartered Institute of Taxation of Nigeria (CITN), like other global organisations, has lent its voice...

CBN To Ban $1.2bn Annual Forex For Milk, Other Dairy Products

CBN To Ban $1.2bn Annual Forex For Milk, Other Dairy Products   The Central Bank of Nigeria (CBN) might have concluded plans to add milk and...

CBN Increases MPR to 14% as CRR Remains 22.5%

In a bid to consolidate on the gains of the recent new foreign exchange policy of the Central Bank of Nigeria, the Monetary Policy...

Oil & Gas: IBTC Records 249% Increase In Bad Loans

Oil & Gas: IBTC Records 249% Increase In Bad Loans   Stanbic IBTC Bank Plc, despite the sustained rise in crude oil prices over the last...

Med-View Airline To Pay Second Dividend, As It Records 62% Profit Growth

Med-View Airline To Pay Second Dividend, As It Records 62% Profit Growth   Med-View Airline Plc, the only airline listed on the Nigerian Stock Exchange (NSE),...