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CBN Explains How Diaspora Remittances Increase To $100Mn Weekly
The Central Bank of Nigeria (CBN) has disclosed that its foreign exchange policies, particularly the ‘Naira 4 Dollar Scheme’ have led to exponential boost in diaspora remittances into the country in the past one year. The CBN Governor, Godwin Emefiele, made this disclosure at a special press briefing at the end of the Bankers’ Committee […]
CBN Restates Commitment To Boosting Liquidity In FX Market
The Central Bank of Nigeria (CBN) on Thursday assured the public of its readiness to continue to promote orderliness and professional conduct by all participants in the Nigerian Foreign Exchange (FX) Market to ensure market forces determine exchange rates on a Willing Buyer – Willing Seller principle. The apex bank, in a statement by its […]
LIRS May Sanction Defaulting Taxpayers As Tax Returns Deadline Expires Today
There are strong indications that taxpayers in Lagos State that failed to file their annual tax returns by the end of today’s business hours may face serious sanctions as the deadline set by the Lagos State Inland Revenue Service (LIRS) expires. The agency had on January 17 this year in a statement reminded businesses and […]