The Central Bank of Nigeria (CBN) at the weekend disclosed that the Anchor Borrowers’ Programme had created 2.5 million jobs since its implementation started in 2015. Giving this hint during the annual bankers’ dinner in Lagos, the apex bank governor, Godwin Emefiele, disclosed that as at October 2018, a total number of 862,069 farmers, cultivating […]
The Securities and Exchange Commission (SEC) on Monday launched the Green Bonds Issuance Rules, following series of engagements with stakeholders and capital market operators on how governments could raise funds through the instrument . The Commission has over the past months collaborated with the Green Bonds Market Development Programme, supported by the Climate Bonds Initiative […]
The World Bank on Wednesday projected that Nigeria’s GDP growth would hover slightly below 2% in 2018, largely driven by non-oil industry and services. The latest projection was reported in the the World Bank Nigeria’s bi-annual Economic Update titled Investing in Human Capital for Nigeria’s Future Specifically, the report stated that, Nigeria, like many other countries, […]
The Kaduna and Kano State governments through their Boards of Internal Revenue have taken some federal government agencies to the North West Zone of the Tax Appeal Tribunal, sitting in Kaduna for failure to remit taxes to them. Specifically, the Kaduna State Board Of Internal Revenue, (KSBIR) on Wednesday, the 28th of November 2018, the dragged […]
The Central Bank of Nigeria (CBN) on Tuesday intervened in the inter-bank segment of the foreign exchange market with $210 million to sustain the market’s liquidity. Data obtained on the intervention from the apex bank indicated that the wholesale segment of the market got the sum of $100 million while the Small and Medium Enterprises […]
The 36 states of the federation and the Federal Capital Territory (FCT) have improved their efforts to rake in more revenue internally as their total internally generated revenue (IGR) rose to N579.5 billion in the first half of this year, representing 27.7 percent growth over the N453.833 billion generated by them in the corresponding period […]
The Minister of Information and Culture on Tuesday disclosed that the Federal Government had recovered over N540 billion through the Whistle Blower Policy so far. The minister, who gave this hint at the 71st General Assembly of the Broadcasting Organisation of Nigeria in Port Harcourt, Rivers State, Specifically, he disclosed that as at May this […]
The Securities and Exchange Commission (SEC) has restated its desire to pursue initiatives that would aid financial inclusion of Nigerians as this is capable of growing the nation’s economy. Acting Director General of the Commission, Ms. Mary Uduk, gave this assurance in her remarks at the 2018 PEARL Awards Night held at the weekend in […]
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler on Monday hinted that country’s taxpayer roll would soon rise to 33 million. Fowler, who is also the Chairman of Joint Tax Board (JTB) made this disclosure at the opening session of the 142nd meeting of the JTB on Monday in Bauchi. According to […]
Fitch Ratings has revised Nigeria’s Long-Term Foreign-Currency Issuer Default Rating (IDR) Outlook to Stable from Negative and affirmed the rating at ‘B+’. The latest revision of the nation’s Long-Term IDRs Outlook indicates the ongoing economic recovery programmes and decreasing external vulnerabilities, complemented by the increased oil production and higher global oil prices are impacting positively […]