The Senate on Thursday passed the Executive Finance Bill 2019, which seeks amendments of Nigeria’s tax laws, even as 11 other fiscal-oriented bills scale first reading in the upper chamber. The passage of the Finance Bill 2019 was sequel to the consideration of the report of the Senate Committee on Finance. While presenting the committee’s […]
The Senate has urged the Federal Government to re-position the Nigerian Nuclear Regulatory Authority with a view to ensuring safety, security safeguards and physical protection of nuclear materials, including hazardous wastes in Nigeria. Similarly, the upper chamber also charged the executive arm of government to re-engineer and recognize the Nigerian Atomic Energy Commission, while calling […]
The Federation Account Allocation Committee (FAAC), on Wednesday confirmed at the end of its meeting held in Abuja that the three tiers of government shared N702.058 billion as allocations from the Federation Account for the month of October 2019. The distributions were from Statutory Revenue, Value Added Tax (VAT), Exchange Gain and Solid Minerals Revenue, […]
L-R: Olugbenga Awe, Heritage Bank Plc’s Divisional Head, Agric Finance & Export; Fela Ibidapo, Divisional Head, Corporate Communications; Jude Monye, Executive Director; Akeem Durotoye, Group Head, Domestic & E-Banking Services; Victor Amakwe, Group Head, Private Wealth Mgt and Chukwuma Ivaonye, Head, Head Office & Experience Centre Compliance, during Heritage Bank Plc’s celebration of International Men’s […]
Heritage Bank Plc, Nigeria’s most innovative banking service provider, celebrated International Men’s Day 2019 themed: “Making a Difference for Men and Boys”, with event held at its Experience Centres (ECs) branches nationwide. The financial institution leveraged on this theme and coined a personal theme, which is “Break the Ice; Inspire another Man”. To help chart […]
The Chairman of the Board of the Securities and Exchange Commission, SEC, Mr. Olufemi Lijadu, on Wednesday said that a vibrant and policy-driven capital market remained a key factor that could help Nigeria realize her growth potential. Lijadu, who made this remark while speaking at a breakfast meeting between the board and stakeholders in the […]
Apparently concerned about the health risks abusive use of drugs pose to animal, human and the environment, the Federal Government on Wednesday restated its commitment towards strengthening policies on the regulation of the usage of antimicrobial in the country. The Permanent Secretary Federal Ministry of Agriculture and Rural Development (FMARD), Dr. Mohammed Bello Umar, gave […]
Alibaba Group, Chinese e-commerce giant, has raised up to $12.9 billion in a landmark listing in Hong Kong. The deal which will be seen as a boost to Hong Kong following more than five months of anti-government protests and its recent slide into its first recession in a decade, is the largest share sale in […]
The African Development Bank (AfDB) has signed an unfunded $250-million Risk Participation Agreement (RPA) facility with ABSA, a pan-Africa financial institution with a presence in 12 African countries. The 3-year RPA facility was signed November 12 on the sidelines of the Africa Investment Form through its trade finance operations. Under this 3-year RPA facility, the […]
Indications that the recent closure of Nigerian land borders and other fiscal measures by the government are already taking tolls on consumers’ real economy emerged on Monday as the nation’s consumer price index (CPI), which measures inflation rose to 11.61% in October, the highest rate in 17 months. The National Bureau of Statistics (NBS) gave this […]