The Naira, Nigeria’s national currency, exchanged at N604/$ on Wednesday at the parallel, from N565 it exchanged to the dollar in early January this year, representing N39 loss year to date (YTD) According to Bureaux De Change (BDCs) operators In Abuja, the surge in dollar demand is the result of politicians’ stocking up on dollars […]
The Federal Government has projected that the successful completion of the on-going reforms in the nation’s creative industry and advertising sector would add about $2 billion in advertising revenues to government within the next three years. The Minister of Information and Culture, Mr. Lai Mohammed, gave this projection on Thursday during a technical session of […]
The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh, has promised that Bureau would deploy its expertise to assist the Nigerian Correctional Service (NCoS) in its efforts to develop some key projects through Public Private Partnership (PPP) arrangement. Some of the projects include, cattle ranching and dairy processing factories in three […]
The Vice President, Prof. Yemi Osinbajo, has urged the Chartered Institute of Taxation of Nigeria (CITN) and other relevant bodies to support the ongoing Federal Inland Revenue Service’s (FIRS’) drive towards full digitalization of tax administrative processes. Osinbajo, who gave the charge in his speech at the professional body’s 24th Annual Tax Conference held in […]
In furtherance of its sustained regulatory drive towards financial system stability in the country, the Central Bank of Nigeria (CBN) has issued the Regulatory Framework for Open Banking in Nigeria in its efforts to enhance competition and innovation in the banking system. Specifically, the Regulatory Framework established principles for data sharing across the banking and […]
Proshare Nigeria Limited, Nigeria’s leading investment research firm, has projected sustained edge in money market rates this week even as it forecasts that yields from Treasury Bill (TB) investments may slide when compared with investors’ yields last week. The research firm, in its market outlook report for this week, noted that as at close of […]
The Nigeria Economic Zones Association (NEZA), the umbrella body of Free Trade Zones operators and enterprises in the country, has cautioned the National Assembly and government agencies not to take actions that are inimical to attracting $25 billion Foreign Direct Investments (FDIs) yearly to the country through the Special Economic Zones’ scheme. The association’s Executive […]
The Nigerian Civil Aviation Authority (NCAA) has advised pilots, airline operators and other stakeholders in the nation’s aviation sector on the need for caution in their operations as hazardous weather associated with rainy season begins its manifestations in the airspace. The aviation sector regulator gave this charge on Tuesday in an Advisory Circular (AC) with […]
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, has congratulated the Minister of Communications and Digital Economy, Prof. Isa Pantami, on his appointment as the Chairman of the 2022 World Summit on Information Society (WSIS) Forum by the International Telecommunication Union (ITU). A statement by the commission’s Director, Public Affairs, […]
L-R: Director, New Growth Areas, Mr. Olujimi Aina, Executive Chairman, LIRS, Mr. Ayodele Subair, Managing Director, O. M Associates, Mr. Olufemi Oguntade; During A Meeting Of FIRS On Deduction Of Withholding Tax On Commission With Stakeholders Within The FMCG, Gaming And Multi-Level Marketing Sector Held At Protea Hotel, Alausa, Ikeja On May 12, 2022