CITN Harps On Taxation As Policy Instrument For Economic Stability       Notwithstanding recent efforts by the Federal Government to reposition taxation for revenue increase, the Chartered Institute of Taxation of Nigeria (CITN) has said that taxation remains one fiscal policy instrument needed for stability, especially in...

Banks Begin N6.98 USSD Charge, Customers Kick       Some banks have notified their customers that they will start charging them N6.98 for every USSD transactions. However, experts have said that excessive charges by banks could pose a threat to financial inclusion. According to them, it will increase cash...

N5trn Debt: AMCON Plans To Change Recovery Strategy       The Asset Management Corporation of Nigeria has said that its Asset Management Partners scheme has resolved to change its recovery strategy. It said in a statement on Sunday titled ‘AMCON AMPs may change recovery strategy’ that it planned...

Remittance To Low, Middle-income Countries Now $540bn       Remittance flows to low- and middle-income countries reached $540 billion last year, just 1.6 per cent below the 2019 total of $548 billion, according to the latest Migration and Development Brief by World Bank has shown. The bank said...

Nigeria’s Foreign Trade Rises To N9.76trn In Q1, Records N3.94trn Deficit       Nigeria’s total merchandise trade increased to N9.76 trillion in the first quarter of the year, representing 6.99 per cent rise over the N9.12 trillion in the preceding quarter, the National Bureau of Statistics (NBS)...

Banks’ll Consider Sustainable Principles Before Lending, Says Emefiele       The Governor, Central Bank of Nigeria, Mr Godwin Emefiele has said banks will now consider sustainable banking principles when lending money to individuals and corporate entities. According to a statement issued on Thursday, Emefiele disclosed this while leading...