First Bank Holding Plc is set to seek its shareholders’ approval to raise N150 billion new capital from the Nigerian Exchange Limited (NGX) as part of the Board and management’s efforts to improve the lender’s operations for improved services and returns on shareholders’ investment. Already, the Board had indicated the fund-raising agenda in the amended […]
The World Bank Group has unveiled plans to fund 1,000 mini solar power projects in Nigeria as part of its support for the nation’s current drive towards transition from fossil-fuel powered energy to climate-friendly green energy alternatives. The President of the bank, Ajay Banga, who made the pledge on Saturday, said that under the first […]
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, on Monday flawed the current tax system in view of its multi-dimensional loopholes, especially for its multiplicity and other administrative incoherence, describing it as one of the militating factors responsible for under-performance of businesses and the nation’s economy. Oyedele, who […]
As investors are bound to be exploring opportunities for best returns on their investments this week in the Nigerian Exchange Limited (NGX), analysts at Proshare Nigeria Limited, a leading investment research and consulting firm, have projected that the local bourse would sustain its bullish momentum, thereby holding good potentials for returns for investors. The analysts, […]
As we earlier predicted, the Debt Management Office (DMO) has opened offers for subscription for two-year and three-year tenure of Federal Government of Nigeria (FGN) saving bonds to investors as part of its mandate to raise funds for national development as fiscally desirable. The Office, in the disclosure on the debt instruments published on its […]
For Nigeria to attain optimum tax revenue collection capacity at all levels of government, tax authorities in the country must make hard but necessary reforms that would yield long term benefits, the Executive Chairman of the Joint Tax Board (JTB), Mr. Muhammad Nami, has said. Nami, who is also the Executive Chairman of the Federal […]
President Bola Ahmed Tinubu on Friday said that the Federal Government had commenced a comprehensive forensic audit of the Central Bank of Nigeria (CBN) as part of its current efforts to improve the transparency of the nation’s monetary policy regime and efficiency of the public finance system. The President, who made this remark when the […]
The Debt Management Office (DMO) has disclosed that it will list N130 billion sovereign Sukuk on the Nigerian Exchange Limited (NGX) and FMDQ Securities as from next Tuesday. The federal debt management agency stated that the listing of debt instrument was sequel to the successful over-subscription of the N100 billion Sukuk opened in November 2022 […]
The Apapa Area Command of the Nigeria Customs Service (NCS) has reported that it generated N540 billion as revenue from January to June this year. The command’s Public Relations Officer, Abubakar Usman, in a statement confirmed that out of the amount N119 billion was generated in June, representing the highest monthly collection it recorded so far. […]
The Federal Operations Unit (FOU) Zone A of the Nigeria Customs Service (NCS) disclosed on Wednesday that it intercepted a Sienna bus with arms at Ijebu Ode, Ogun State, and before then had seized other smuggled goods with total duty paid value (DPV) of N462,708,875 The Acting Comptroller, Kehinde Hussein Ejibunu, who disclosed this during […]