The Securities and Exchange Commission (SEC) Nigeria announced that the newly redesigned electronic Dividend Mandate Management System platform would be inaugurated on July 31. The e-DMMS portal utilises the Nigeria Inter-Bank Settlement System Plc robust Document Management System to which completed e-Dividend Mandate Forms filled by the investor could be uploaded. The commission’s Director-General, Mr […]
The Federal Government on Monday announced the suspension of its proposed 5% excise duty on telecommunication services with effect from the 2023 fiscal year. The Minister of Communications and Digital Economy, Prof Isa Pantami, announced the suspension in Abuja during the inaugural meeting of the Presidential Committee on Excise Duty for the Digital Economy Sector, […]
The House of Representatives’ Joint Committee on Finance, Banking and Currency on Monday held its inaugural hearing on alleged revenue leakages from the Federation Account estimated at about $30bn yearly relating to transfer of funds for payment of international contracts and interbank transfers, among others. The committee, co-chaired by Honourables James Faleke and Victor Nwokolo, […]