The Nigeria Customs Service (NCS), Port Harcourt Area ll Command, Onne Port, reported that it generated N115.26 billion revenue between January and June this year A statement issued at the weekend by the command’s spokesperson, Mrs. Ifeoma Ojekwu, quoted the Area Comptroller, Mr. Auwal Mohammed, as saying that the collections in the six-month period represented […]
Stakeholders in the nation’s sports arena have commended the Nigerian Communications Commission’s support for sports development, especially for its sponsorship of the popular tennis championship for youths in the country. The commission’s initiative dominated discussions at the launch of a book titled ‘Sport in Nigeria: Going Round in Circles’ authored by Godwin Kienka, at the […]
The Federal Inland Revenue Service (FIRS) on Monday announced that the 30th June 2022 due date for filing of Companies Income Tax (CIT) returns for the 2022 Year of Assessment, had been extended to 31st August 2022, for companies who were unable to meet the deadline. The Service stated this in a statement signed by […]
The Debt Management Office (DMO), on behalf of the Federal Government, has announced the offer for subscription of the July 2022 Federal Government Savings Bonds to investors. This information, which is contained in a circular issued by the DMO and hoisted on its website, indicated that the bonds were 2-year and 3-year savings bonds, with […]
The World Bank has reported that Nigerians with accounts in deposit money banks (DMBs), microfinance banks (MFBs) and other financial institutions (OFiS), including mobile money service providers, rose from 16 percent in 2020 to 45 percent by the end of 2021. The Washington D.C-based multilateral financial institution made this disclosure in its just published report […]
The Central Bank of Nigeria (CBN) has issued new guidelines for improved cybersecurity in the Nigerian financial system, particularly among the Other Financial Institutions (OFIs). The guidelines outline the requirements the OFIs were requested to observe in the development and implementation of strategies, policies, procedures and related activities aimed at mitigating cyber risks. The apex […]
Anambra State Governor, Prof. Chukwuma Charles Soludo, on Thursday banned all motor parks’ unions and market associations from collecting revenue on behalf of the state government. The governor gave this directive at a one-day town hall meeting with the transport and market unions’ executives in Anambra State in a renewed fiscal move to plug leakages […]
The African Development Bank (www.AfDB.org) on 14 June 2022 launched a 19-billion Ugandan shilling (UGX) ($5.07 million) 2-year theme bond, the first-ever African frontier currency-denominated environmental, social and governance (ESG) issuance by a multilateral development institution. The bond, due in June 2024, will be settled in dollars at a fixed coupon of 10.5%. It was […]
The Nigerian Exchange Limited (“NGX”) and Bank of Industry (“BOI”) have signed a Memorandum of Understanding (MoU) to deepen the nation’s capital market penetration, build the capacity of stakeholders through financial literacy programmes, and facilitate market advocacy initiatives and promote listings, amongst other benefits to the economy. The sealing of the pact was done by […]
Fitch Ratings, one of the leading global rating agencies, has upgraded Fidelity Bank Plc’s long-term issuer default rating (IDR) from ‘B-’ to ‘B’, reflecting the bank’s increased creditworthiness. Fitch also upgraded the bank’s National Long-Term Rating to ‘A(nga)’ from ‘BBB+(nga)’. According to the rating agency, the upgrade is a result of the Bank’s improving business […]