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CBN Bars Individuals, Local Firms From OMO Auctions
The Central Bank of Nigeria (CBN) has barred individuals and local non-financial corporate entities from investing in Open Market Operations (OMO) auctions effective from Wednesday, October 23, 2019. With the latest directive from the apex bank, which is intended to stimulate the economy by spreading lending more widely, amongst other reasons, participation at the auctions […]
New TSA Tariff Model Shifts Transaction Charges To Payers
The Federal Government has approved a new Treasury Single Account (TSA) tariff model which transfers the payment of the one percent service charge into the TSA to payers. The fiscal measure was one of the major highlights of the newly approved TSA tariff model unveiled at a one-day stakeholders’ sensitisation exercise on TSA e-Collection charges […]
Uber Shares Slump As SoftBank Announces $2Bn Divestment From Firm
Uber shares has slumped after reports that SoftBank is selling about selling 45 million shares, or a third of its stake in the leading U.S ride-hailing app company. Uber shares dropped by as much as 5% in extended New York trading on Wednesday, according to news reports. SoftBank’s divestment of about $2bn (£1.44bn) worth of […]