The Chairman House of Representatives Committee on Capital Markets and Institutions Hon. Babangida Ibrahim, has said that the provisions of the Investments and Securities Bill recently passed by the lower chamber of the National Assembly will inspire confidence of both local and foreign investors as they can be assured that the regulators have been sufficiently […]
The Federal Government has said that the 774 local governments will benefit from the 35% Electronic Money Transfer Levy provided for in the Finance Bill 2022, debunking insinuations that the revenue will be shared by only the federal and state governments. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, made this clarification […]
The Federal Government on Wednesday vowed to end the fiscal regime by the end of June this year. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, who gave this hint during her public presentation on the breakdown of the 2023 Federal Government budget in Abuja, said that the government had made provisions […]
President Muhammadu Buhari in the early hours of Tuesday signed the Federal Government of Nigeria’s N21.8 trillion 2023 budget into law following last week’s passage of the Appropriation Bill 2023 by the National Assembly. A statement by the Ministry of Finance, Budget and National Planning which was also confirmed by a media aide in the […]
The Chairman of the House of Representatives’ Committee on Capital Markets and Institutions, Hon. Babangida Ibrahim, has described the Investments and Securities Bill as having the potential of transforming the capital market, attracting foreign investors and boosting their confidence in the nation’s investment space, amongst other benefits. The lawmaker made this remark during an interview […]
The Senate on Thursday flawed the Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC’s) revocation of the Atala Marginal oil field (OML 46) licence in February 2020 and directed the commission to re-allocate the oil field to the original owners as earlier directed by the Presidency. The resolution of the Red Chamber was sequel to the recommendations […]
Following over two weeks of sustained complaints across the broad spectrum of the Nigerian public, including lawmakers in the National Assembly, on the potential negative implications of its cash withdrawal limits policy for national development, the Central Bank of Nigeria (CBN) has backed down on the controversial policy. In a circular issued on the latest […]
“Having lost a potentially “lucrative” line of “business,” the sacked characters returned to the drawing board to formulate one form of trick or another to intimidate the government but the vigilant teams of the administration kept them at bay.”
The House of Representatives has asked the Central Bank of Nigeria (CBN) to immediately put on hold the planned implementation of its new policy on revised cash withdrawal limits for individuals and corporate organizations pending the conclusion of its ongoing appraisal of the policy measure. The lawmakers in the lower chamber of the National Assembly, […]
Public and private sector stakeholders in the financial services sector have expressed their support for the passage of the Nigeria Deposit Insurance Corporation (NDIC) Act 2006 Amendment Bill currently before the National Assembly. The lead institutions in the sector said that the proposed amendment of the Act would enhance the corporation’s capacity in its sustained […]