The Supreme Court on Wednesday ordered the Central Bank of Nigeria (CBN) to suspend its current old banknotes’ withdrawal drive aimed at completely withdrawing old Naira notes from circulation effective from this Friday, February 10, nationwide. The apex bank’s ruling was sequel to a suit filed by governors Nasir El-Rufai (Kaduna), Yahaya Bello (Kogi) and […]
BudgIT, a leading public data organisation focused on raising active citizens and civic leaders to improve governance by bridging the information gap between the government and citizens, has announced the launching of its interactive FG Budget Dashboard for improved engagement of the government by the people in budgetary processes. The dashboard is a web-based platform […]
….as FIRS, LIRS sign MoU on joint tax audit, investigation Lagos State Governor, Mr. Babajide Sanwo-Olu, has stressed the need for all revenue agencies in the country to work together by widening the tax net to raise the country’s tax to GDP ratio. The governor gave this charge on Monday during the […]
Trading on the Nigerian Exchange (NGX) opened positive on Monday as bulls dominated the trading session, thereby growing the All-share Index (ASI) by 0.28% to close at 54,367.74 points. Available data from the market’s supervisory institution showed that at the end of the trading session, market capitalization grew by N84 billion to close at N29.612 […]
The Naira marginally strengthened its exchange rate against the US dollar at the black market in the early hours of Monday, trading at N744/$1 in the early hours of the day, representing a 0.53% appreciation compared to the N748/$1 it exchanged at last Friday. Some black market FX traders attributed the local currency’s exchange rate […]
The Central Bank of Nigeria (CBN) has issued Ceviant, a UK-based financial technology company providing treasury and trade solutions to corporate entities globally, a Payment Solution Service Provision (PSSP) licence to commence operations in the country. The licence permits the company to offer a range of payment services to clients in Nigeria, including electronic fund […]
The Federal Government at the weekend expressed its commitment to continuously improve the diversification of the nation’s economy by growing other sectors, particularly the commodities trading ecosystem. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, who gave this assurance during the presentation of Gold coin to her by the Lagos Futures and […]
The Securities and Exchange Commission (SEC) Nigeria has restated its commitment to continuously educate and enlighten investors as part of its sustained efforts to guide them on right investment decisions. The commission’s Head, Office of the Chief Economist of the SEC, Dr. Okey Umeano, who made this promise during an interview, noted that the rising spate of […]
The Nigerian Exchange (NGX) closed positive for the second consecutive day on Thursday amidst buy-interests and sell-offs by investors as bulls dominated proceedings, driving up the broad market’s index. Available data from the market’s moderating institution showed that at the end of the trading session, the All-share Index (ASI) appreciated by 0.93% to close at […]
The Group Chief Executive Officer of Nigerian National Petroleum Company Limited (NNPCL), Mr. Mele Kyari, on Thursday said that the lingering nationwide fuel scarcity was not connected to unavailability of product but to the challenges in the oil industry’s downstream subsector. Kyari, who made this remark during an interview on the Good Morning Nigeria Programme […]