In furtherance of its implementation of the National Financial Inclusion Strategy, the Central Bank of Nigeria has released new guidelines for the establishment of Payment Service Banks in rural areas across the country. To achieve this objective, the apex bank on Sunday stated in the draft guidelines for the regulation of the proposed banks that […]
Heritage Bank Plc and Liter of Light Nigeria, a global open source movement, last Thursday launched 35 units of solar energy-powered street lights at Itomaro community, Lagos, in furtherance of their joint efforts to improve the socio-economic situation of people in the community. The Liter of Light Nigeria comprises a group of Nigerian students of […]
The Central Bank of Nigeria (CBN) on Friday intervened in the Retail Secondary Market Sales (SMIS) to tune of $334,146,393.84 and another sum of CNY 52,106,614.35 to boo the liquidity of the forex market. The apex bank’s Director of Corporate Communications, Isaac Okorafor, said that the interventions were intended to ensure adequate liquidity in the […]
The Oyo State Board of Internal Revenue (OYBIR) on Thursday shut 23 corporate entities and public sector agencies’ premises for failure to comply with their tax obligations, despite several demand and efforts by the tax authorities to make them pay their due taxes. In a major raid by the Inter-Ministerial Joint Task Force Team in […]
The Chairman, Federal Inland Revenue Service, Mr. Tunde Fowler, on Thursday disclosed that the Federal Government collected N3.9 trillion non-oil tax revenue between January and September this year, representing about N1 trillion higher than the N2.9 trillion collections in the corresponding period of last year. Fowler made this disclosure in his presentation at the meeting […]
The Deputy Head of Delegation, European Union (EU) to Nigeria and ECOWAS, Mr. Richard Young, has put the total merchandise trade value between Nigeria and European Union member-states in 2017 at €25.3 billion (about N8.9 trillion). The envoy gave this hint while briefing the media during the EU-Nigerian Business Forum held Thursday in Lagos. According […]
The IMF has expressed its concern over the rising global debt stock which it noted had surged 60 percent and reaching well above the time of 2008 depression. The Breton Woods institution therefore warns that another global financial crisis looms as the impact of the huge debt burden continues to hurt national economies globally. Specifically, […]
A Zimbabwean analyst, David Mhlanga, has described the latest fiscal measures by the Zimbabwean government which reviewed money transfer tax in the country as potentially dangerous for the financial inclusion agenda of the government. Mhlanga, in his article published in Zimbabwe Situation on Friday specifically pointed out that the latest review of intermediated money transfer […]
The International Centre for Research and Development, (ICTD) is calling for research proposals in relation to the Nigerian Tax Research Network that meet high academic standards of research quality and that are concerned with policy‐relevant issues..