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Buhari Links Nigeria’s Recovery To Farming, Seeks Netherlands’ Support

President Muhammadu Buhari has linked Nigeria’s gradual economic growth trajectory to improved agricultural activities, claiming that “people went back to farm.” Buhari , who made the claim during a bilateral meeting of the United Nations General Assembly in New York, United States, also solicited financial assistance from foreign leaders to sustain the nation’s economic growth […]

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As CBN, Bank Of England Retains Key Monetary Rates

The Bank of England (BoE) Monetary Policy Committee (MPC) members  on Thursday unanimously voted to hold interest rates at their record low of 0.1 per cent, thereby raising fresh concerns over rising levels of consumer price index (CPI) which some experts now believe could hit five per cent. The nine-member MPC unanimously voted in favour […]

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UK Property Prices Rise As Buyers’ Demand Surges

Latest market report by Rightmove Plc, a UK-based real estate company, indicated that the national average price of properties coming to market in the UK has hit an all-time high as fierce competition among buyers for the record low number of available properties for sale continues. A news report by yahoo.com stated that the firm’s […]

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U.S SEC Awards $11.5Mn To Two Whistleblowers

The U.S Securities and Exchange Commission (SEC) at the weekend announced awards of approximately $11.5 million to two whistleblowers whose information and assistance contributed to the success of an SEC enforcement action.   The first whistleblower received an award of nearly $7 million, while the second whistleblower received more than $4.5 million. The investments market […]

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Danbatta, Ndiaye Hoist Senegal’s Flag At WATRA Secretariat

The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta and the Ambassador of the Republic of Senegal to Nigeria, Babacar Matar Ndiaye, last Thursday jointly hoisted  the national flag Senegal at the Secretariat of West Africa Telecommunications Regulators Assembly (WATRA) during an event of historical significance in Maitama, Abuja […]

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Fiji Exempts Climate, Disaster Risks Products From VAT

The Government of Fiji has granted value added tax (VAT) exemption to insurance firms for premiums on climate and disaster risk parametric insurance products for the people and corporate entities in the country. The fiscal initiative represents the first time any government in the country is making efforts to make disaster insurance more affordable for […]

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Biden Administration Proposes Tax Hikes For Businesses, Wealthy

The U.S. CongressPresident Democrats on Monday unveiled a sweeping proposal for tax hikes on big corporations and the wealthy to fund President Joe Biden’s $3.5 trillion rebuilding plan. The Democrats proposed 39.6% tax rate on individuals earning more than $400,000, or $450,000 for couples, and there would be a 3% tax on wealthier Americans with […]

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Bermuda Re/Insurers Paid $35bn To UK Policyholders In 5 Yrs

The Bermuda Monetary Authority (BMA) has completed its United Kingdom (UK) Data Claim Survey for this year, showing that from 2016 to 2020, Bermuda re/insurers paid out US$35.2 billion to UK policyholders and cedants for large catastrophes, property and casualty losses and life insurance claims. A news report by Reinsurance News indicated that compared to […]

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SEC Charges Media Firms With Illegal Stock, Digital Assets Offerings

The U.S. Securities and Exchange Commission on Monday charged three media outfits, namely the New York City-based GTV Media Group Inc., Saraca Media Group Inc., and Phoenix, Arizona-based Voice of Guo Media Inc., with conducting an illegal unregistered offering of GTV common stock. The commission also announced charges against GTV and Saraca for conducting an […]

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ECB To Slash COVID-19 Support, As Eurozone Economy Rebounds

The European Central Bank (ECB) on Thursday disclosed that it was slowing down some of its massive emergency pandemic support for the Eurozone economy as business activities and consumer spending in the 19 member-countries begin gradual rebound from the COVID-19-spurred recession. The bank stated that it could conduct its bond purchase stimulus at “a moderately […]