The Securities and Exchange Commission (SEC) Nigeria has reiterated its commitment to achieve 50 listing of Shari’ah-compliant products in the capital market with a combined market capitalisation of at least N5 trillion by 2025. The commission’s Director-General, Mr. Lamido Yuguda, who restated the commitment at a “Capacity Building Workshop for local Shariah Talent for Non-interest […]
The African Export-Import Bank (Afreximbank) has released its consolidated financial statements and its subsidiaries’ for the half year ended 30 June this year, which reflected that the Group’s total balance sheet assets grew by 8% from US$27.9 billion as of 31 December 2022 (FY-2022) to approximately US$30.1 billion. A news report on the financial statements […]
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has promised tax payers in the country that ongoing fiscal policy and tax reforms by the President Bola Tinubu-led administration will not lead to higher taxes. Oyedele gave this assurance via his official X-app handle while answering FAQs from the […]
…..consumers to pay more for fuel, other items Oil prices at the global markets rose to a nine-year high since 2014 on Tuesday as Saudi Arabia announced the sustenance of its voluntary production cuts of one million barrels per day until the end of 2023 even as Russia also expressed its export cuts of 300,000 […]
The Debt Management Office (DMO) on Monday opened for subscriptions two-year and three-year tenure of Federal Government of Nigeria (FGN) bonds at 11.031% and 12.031% respectively per annum. A circular by the Office notifying the public on the offers posted on its website indicated that the offers of subscription would last from 4th – 8th of September […]
Nigeria’s Value Added Tax (VAT) collections in the second quarter of this year surged to N781.35 billion, representing a 10.11% growth when compared to the previous quarter’s N709.59 billion collection from the revenue source, the National Bureau of Statistics (NBS) has reported. The report highlighted the quarter-on-quarter, sectoral and year-on-year VAT collections. According to the […]
The Minister of Finance and Coordinating Minister of the Economy, Dr. Wale Edun, said on Friday that the last time Nigeria’s economy looked stable was about 10 years ago, noting that since then the performance of the economy has been oscillating. The minister made this remark in his maiden press conference in Abuja during which […]
….as quoted CPs on FMDQ Exchange hits N117.32bn The FMDQ Exchange has reported that the Debt Management Office (DMO) sold Treasury Bills (TBs) worth N406.10 billion in all its auctions in July this year. The Exchange, in its ‘FMDQ Markets Monthly Report’ for the month under review, indicated that the TBs’ value increased by 0.39% […]
The Centre for the Promotion of Private Enterprise (CPPE), a private sector advocacy group in Nigeria, has charged the Federal Government on the need for strategic and sequencing approach in the implementation of the current reforms targeted at correcting the abuses in the nation’s fiscal and monetary policies to improve the performance of the economy. […]
President Bola Tinubu has said Nigeria it is no longer desirable for Nigeria to continue to service its debt with 90% of her earned revenue in view of the negative implications for the nation’s sustainable growth. The President, who made this remark on Sunday in Abuja while declaring open the annual conference of the Nigerian […]