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Wednesday, July 24, 2019

Nosedive As FAAC Shares N826.6b For July

This certainly will not be the best of times for state governors and other political office holders as accruals into the federation account took...
Goodluck Jonathan

FG To Establish Development Finance Institution

At the launch of N220 billion fund disbursements for the development of micro, small and medium enterprises (MSMEs) by the Central Bank of Nigeria...

Inflation Rate Now 8.3 percent

Consumer Price Index report released by the National Bureau of Statistics indicates that inflation in Nigeria had slightly increased to 8.3 per cent in...

Why Bank Customers Will Pay ATM Fees

Director, Corporate Communications Department of Central Bank of Nigeria (CBN) Ibrahim Mu’azu says reintroduction of transaction fees for the use of remote automatic teller...

Nigerian Firms Issue $3.4bn Int’l Bonds

A total of nine bonds worth $3.4 billion were issued in the international capital market by some Nigerian companies, the Debt Management Office (DMO)...

X-raying NEXIM Bank under Robert Orya

Prior to the reconstitution of the Board of Directors of the Nigerian Export-Import Bank on14th August, 2009, the bank was at its lowest ebb....

FIRS Generates N1 trillion as it Simplifies Tax Certificate Issuance

Federal Inland Revenue Service (FIRS) has generated N1.45 trillion revenue from tax in the second quarter of 2014 just as it has simplified tax...

CBN Governor: The Rise and Fall of Sanusi Lamido

Devoid of politics, there have been serious allegations of financial irregularities against Mallam Sanusi Lamido Sanusi as Governor of the Central Bank of Nigeria...

Again, CBN Raises CRR 75%

At its first meeting for 2014, the Monetary Policy Committee of the Central Bank of Nigeria raised the cash reserve ratio for public sector...

Nigeria’s Capital Market In 2013

At a gathering of stakeholders in Lagos, Chief Executive Officer of the Nigerian Stock Exchange (NSE0, Mr. Oscar Onyema reviewed capital market performance in...

GDP Estimates For 2012 To September 2013

National Bureau of Statistics has released GDP estimates for January 2012 to September 2013. On an aggregate basis, the economy when measured by the...

S&P Worries Over 2014 Budget

One of the major international support bases for managers of the Nigerians Economy has dealt a heavy blow on the 2014 budget estimates submitted...

CBN Governor, Sanusi, accuses NNPC of kerosene subsidy fraud, says $20 billion unaccounted for

Nigeria’s Central Bank Governor, Sanusi Lamido, struck a defiant tone again Tuesday, accusing state-run oil firm, the Nigerian National Petroleum Corporation, NNPC, of failing to...

CBN bars NMRC from real estate financing

Exactly 15 days after President Goodluck Jonathan inaugurated the Nigeria Mortgage Re-finance Company Plc in a bid to tackle housing deficit, the Central Bank...

CBN moves to prevent naira’s further fall, removes $250k weekly sales limit on BDC

The Central Bank of Nigeria has removed the $250,000 weekly foreign exchange sales limit placed on bureaux de change operators in the country, according to the...

Nigerians Worry Over Huge Recurrent Allocations

Financial experts and civil society activists have condemned the huge allocations to recurrent expenditure in the 2014 budget presented to the National Assembly last...

N12.2bn For State House Sewage Truck, Machine For The Dead

A total of N12.2billion was proposed as recurrent and capital expenditure for the State House. Some of the major items of purchase include sewage...

Jonathan, Sambo, Iweala To Eat, Travel With N3.7bn in 2014

In the 2014 budget proposal, Nigerian taxpayers are to cough out some N3.7 billion for President Goodluck Jonathan, Vice President Namadi Sambo and Coordinating...

Nigeria’s Budgets: Rituals Without Meaning

Budgeting is the principal instrument of fiscal policy used by governments to encourage stable growth, sustainable development, prosperity, and optimum employment in the economy....

Self assessment can drive growth in 2013

Many tax jurisdictions now rely on self-assessment as the major means of tax collection; it has become a tax modern administration trend. Indeed it...