Banking Economy News Extra Investments/Capital Market Latest News

Shareholders Commend FCMB Board, Mgt On Impressive Performance, Dividend Declaration

Shareholders of FCMB Group Plc have commended the Board, management and staff of the financial institution for recording another impressive performance in 2018 in spite the challenging macroeconomic and regulatory environment. The commendation was given at the 6th Annual General Meeting (AGM) of the Group held on April 26, 2019 in Lagos. At the meeting, […]

Banking Latest News National Assembly Tax

FIRS Seeks CBN’s Support On Foreign Firms’ e-VAT Payments

The Federal Inland Revenue Service (FIRS) has indicated its intention to collaborate with the Central Bank of Nigeria (CBN) to track Value Added Tax (VAT) payments made electronically by foreign entities not registered in the country. This is one of the strategies being considered by the revenue agency in a document it submitted to the […]

Banking Crime & Judiciary Matters Economy News Extra Latest News

CCT Convicts Justice Onnoghen, Orders Forfeiture Of Funds To FG

After about three months of investigating a six-count charge bothering on corruption levelled against him by the Federal Government, the former Chief Justice of Nigeria, Justice Walter Onnoghen, was on Thursday convicted by the Code of Conduct Tribunal (CCT) sitting in Abuja, Delivering the three-man panel, the Chairman, Mr Danladi Umar, also ordered the removal […]

Agriculture & Agribusiness Banking Economy News Extra Investments/Capital Market Latest News

Why BoA’s Restructuring Is Imperative – Okoh

The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh, has described the planned restructuring of the Bank of Agriculture (BOA) as imperative in order to improve its operating framework and governance structure with a view to enhancing its efficiency. Okoh, who made this remark at the maiden meeting for the […]

Banking Economy News Extra Latest News Revenue Taxation

IMF Advises FG To Reduce Tax Exemptions, Incentives

The International Monetary Fund (IMF) has advised the Nigerian government on the need to reduce its tax exemptions and incentives list for companies as a strategic option of boosting non-oil tax collections. In addition, the Fund also tasked government on tax reforms, including raising excise taxes and expanding its scope to cover more goods The […]

Banking Economy News Extra Investments/Capital Market Latest News Manufacturing

FG Targets 20% Real Sector’s Contribution To Nation’s GDP

The Federal Government has unveiled plans to raise manufacturing sector’s contribution to the nation’s Gross Domestic Product (GDP) to 20 percent within the next six years. Currently, the real sector’s contributions to the nation’s GDP is less than 10 percent, thereby necessitating huge importation of manufactured goods with the attendant negative implications for Nigeria’s foreign […]

Banking Economy News Extra Latest News

World Bank Revises Nigeria’s Growth Rate Down To 2.1%

The World Bank has revised Nigeria’s economic growth forecast for 2019 to 2.1 percent, down from the earlier 2.2 per cent growth projection for the country, representing 0.1 percent point reduction. The Breton Woods institution’s latest forecast on Nigeria was contained in the April edition of Africa’s Pulse, the bank’s periodical analysis of the state […]