The Federal Government commenced the search for fund managers for a planned $10 billion diaspora fund that is aimed at attracting dollar inflows and foreign investment into the economy. Reuters reports that a tender document by Nigeria’s Ministry of Industry, Trade and Investment through a public notice indicated that the Federal Government was seeking “fund […]
The Accountant General of the Federation (AGF), Mrs. Oluwatoyin Madein, has disclosed that capital budget releases for Ministries, Departments and Agencies (MDAs) for 2024 fiscal year will commence next month. She made this disclosure on Thursday at a one-day Stakeholders interaction/sensitization session on the revised policy on cash management and bottom-up cash planning held in Abuja. […]
The World Bank has alerted world leaders on the likely negative implications of rising commodity prices for the general price levels and economic projection in their countries. In a report it released on Thursday, the multilateral financial institution, stated that energy and other commodity prices were projected to become significant deflationary factors in the forthcoming […]
The National Council on Privatisation (NCP) on Wednesday hinted of its intention of merging the Bank of Agriculture with the Central Bank of Nigeria’s (CBN) NIRSAL Microfinance Ltd as part of its efforts to improve the operational efficiency of government-owned institutions nationwide. To achieve this goal, the council also expressed its plans to inject new […]
President of the Commonwealth Association of Tax Administrators (CATA) and chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has advocated the need for increased capacity building to enhance tax administration processes among members of the global body. A statement by the chairman’s Special Adviser on Media, Dare Adekanmbi, indicated that the tax […]
….Targets $10Bn Foreign Direct Investment The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has signed the Consolidated Guidelines for the implementation of Fiscal Incentives for the Oil & Gas Sector – a key component of the Federal Government’s fiscal reforms agenda aimed at enhancing the performance of the […]
The Nigerian Communications Commission (NCC) has received a delegation from the Rack Centre as part of the commission management’s sustained drive to collaborate with all relevant stakeholders for the purposes of improving the performance of the nation’s telecommunications industry. The Rack Centre’s delegation, led by the Chief Executive Officer (CEO), Lars Johannisson, paid a courtesy […]
The Philippines Security and Exchange Commission (SEC) has directed Apple and Google to remove Binance app from their App stores for users in the country. According to a news report from CoinTelegraph, the SEC had formally requested that Apple and Google to remove applications operated by Binance, the biggest crypto exchange in the world. In […]
The Federal Airports Authority of Nigeria (FAAN) has notified the public and all aviation stakeholders that Runway 18L/36R is now reopened for flight operations at 19:58hrs on Tuesday. It stated that the reopening of the runway followed its earlier closure due to an incident involving a Dana Air aircraft, with registration number 5N-BKI, which overshot […]
The Minister of Finance and the Coordinating Minister of the Economy, Mr Wale Edun, has announced the integration of the Incentive Monitoring and Evaluation Platform (IMEP) into the Import Duty Exemption Certificate (IDEC) programme, thereby allowing for enhanced monitoring and evaluation of revenues from imports into the country. A statement issued by the ministry’s Director, […]